Common use of Performance-Based Restricted Stock Units Clause in Contracts

Performance-Based Restricted Stock Units. The total number of PRSUs subject to this Award that become Vested PRSUs will range from 0% to 200% of the Target Amount, subject to the terms and conditions set forth below. A portion of the Target Amount (each such portion, a “Performance Goal”) shall be eligible to be earned in respect of each Performance Period based on achievement of each of the applicable Performance Goals for such period, as indicated below. The PRSUs that become Earned PRSUs shall become Vested PRSUs on the Vesting Date specified above, subject to the continued employment of the Employee by the Company or any Subsidiary thereof through the Vesting Date, except as otherwise set forth in Section 2 of the Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Univar Solutions Inc.), Restricted Stock Unit Agreement (Univar Solutions Inc.)

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Performance-Based Restricted Stock Units. The total number of PRSUs subject to this Award that become Vested PRSUs XXXx will be determined in a range from of 0% to 200% of the Target Amount, subject to the terms and conditions set forth below. A portion of the Target Amount Award (each such portion, a “Performance Goal”) shall be eligible to be earned in respect of each Performance Period based on achievement of each of the applicable Performance Goals for such period, as indicated below. The PRSUs that become Earned PRSUs shall become Vested PRSUs on the Vesting Date specified above, subject to the continued employment of the Employee by the Company or any Subsidiary thereof through the Vesting Date, except as otherwise set forth in Section 2 of the Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Univar Solutions Inc.), Restricted Stock Unit Agreement (Univar Solutions Inc.)

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