Performance-Based Vesting Conditions. The Award granted pursuant to this Agreement shall constitute a Performance Award (as defined in the Plan). Except as otherwise provided in this Section 3, if and to the extent that all or a portion of the Award (as determined in accordance with the provisions of Attachment B) shall vest on the Vesting Date as a result of the Organizational Unit satisfying the Performance Measures set forth in Attachment B to this Agreement over the Performance Period, the Holder shall become vested in the Award Units, or the applicable portion thereof, if any, on the Vesting Date, provided that the Holder does not incur a Separation from Service before the Vesting Date. As used herein, (i) the term “Performance Period” shall mean the three-year period beginning on [DATE] and ending on [DATE] and (ii) the term “Vesting Date” shall mean [DATE].
Appears in 8 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Tri Pointe Homes, Inc.), Performance Based Restricted Stock Unit Award Agreement (Tri Pointe Homes, Inc.), Performance Based Restricted Stock Unit Award Agreement (Tri Pointe Homes, Inc.)
