Common use of Performance Cash Awards Clause in Contracts

Performance Cash Awards. Upon the Termination Date, Executive shall be fully vested in the right to receive the targeted amount, without pro-ration, of his outstanding performance cash awards, which shall be paid to Executive on the Payment Date. Exhibit A hereto lists Executive’s outstanding performance cash awards as of the Termination Date, and the amount payable upon achievement of “target” level performance criteria.

Appears in 1 contract

Samples: Separation Agreement and Release in Full (Bristow Group Inc)

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Performance Cash Awards. Upon the Termination Date, Executive shall be fully vested in the right to receive the targeted amountreceive, without pro-ration, of his outstanding performance cash awards, which shall be paid to Executive on the Payment Date. Exhibit A hereto lists Executive’s outstanding performance cash awards as of the Termination Dategranted in June 2014 and June 2015 which shall be payable to Executive on June 17, and the amount payable 2016 based upon achievement of “target” level performance criteria. Additionally, Exhibit A includes Executive’s outstanding performance cash award that was granted in June 2013 which shall be paid to Executive on the date that such award is payable in the normal course of business to other award recipients and shall be paid based on actual performance pursuant to the terms of the award.

Appears in 1 contract

Samples: Separation Agreement and Release in Full (Bristow Group Inc)

Performance Cash Awards. Upon the Termination Date, Executive shall be fully vested in the right to receive the targeted amountreceive, without pro-ration, of his outstanding performance cash awards, which shall be paid to Executive on the Payment Date. Exhibit A hereto lists Executive’s outstanding performance cash awards as of the Termination Dategranted in June 2015 and June 2016 which shall be payable to Executive on July 25, and the amount payable 2017 based upon achievement of “target” level performance criteria.

Appears in 1 contract

Samples: Separation Agreement and Release in Full (Bristow Group Inc)

Performance Cash Awards. Upon the Termination Date, Executive shall be fully vested in the right to receive the targeted amountreceive, without pro-ration, of his her outstanding performance cash awards, which shall be paid to Executive on the Payment Date. Exhibit A hereto lists Executive’s outstanding performance cash awards as of granted in June 2014, June 2015 and June 2016 which shall be payable to Executive on the Termination Date, and the amount payable Settlement Date based upon achievement of “target” level performance criteria.

Appears in 1 contract

Samples: Separation Agreement and Release in Full (Bristow Group Inc)

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Performance Cash Awards. Upon the Termination Date, Executive shall be fully vested in the right to receive the targeted an amount, without pro-ration, based on the actual achievement of the performance criteria applicable to his outstanding performance cash awards, which shall be paid to Executive on the Payment Datesame date such awards are paid to the Company’s active employees. Exhibit A hereto lists Executive’s outstanding performance cash awards as of the Termination Date, and the amount payable upon achievement of “target” level performance criteria.

Appears in 1 contract

Samples: Separation Agreement and Release (Bristow Group Inc)

Performance Cash Awards. Upon On or prior to the Termination DateCash Payment Date and contingent upon Executive’s compliance with the terms of this Agreement, Executive shall be fully vested in the right to receive the targeted amountreceive, without pro-ration, of his outstanding performance cash awards, which shall be paid to Executive on the Payment Date. Exhibit A hereto lists Executive’s outstanding performance cash awards as of granted in June 2015 and June 2016 which shall be payable to Executive on or prior to the Termination Date, and the amount payable Cash Payment Date based upon achievement of “target” level performance criteria.

Appears in 1 contract

Samples: Separation Agreement and Release in Full (Bristow Group Inc)

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