Common use of Performance Conditions Clause in Contracts

Performance Conditions. 1. The Company’s average closing price per Share as reported on the NASDAQ Global Select Market during at least one measurement period (as described below) must be at least 25% higher than the Exercise Price per Share specified in the Stock Option Grant Summary. 2. The measurement period will consist of the applicable trading days in any consecutive 30 (thirty) calendar day period preceding the first, second and/or third anniversaries of the Date of Grant. 3. On each anniversary of the Date of Grant (or as promptly as practicable thereafter), the Company will calculate the average closing price for the applicable measurement periods preceding such date in order to determine if the performance condition has been satisfied.

Appears in 5 contracts

Samples: Senior Vice President Nonqualified Stock Option Agreement (HMS Holdings Corp), Executive Nonqualified Stock Option Agreement (HMS Holdings Corp), Senior Vice President Nonqualified Stock Option Agreement (HMS Holdings Corp)

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Performance Conditions. 1. The Company’s average closing price per Share as reported on the NASDAQ Global Select Market during at least one measurement period (as described below) must be at least 25% higher than the Exercise Price closing price per Share specified in as reported on the Stock Option Grant SummaryNASDAQ Global Select Market on the Date of Grant. 2. The measurement period will consist of the applicable trading days in any consecutive 30 (thirty) calendar day period preceding the first, second and/or third anniversaries of the Date of Grant. 3. On each anniversary of the Date of Grant (or as promptly as practicable thereafter), the Company will calculate the average closing price for the applicable measurement periods preceding such date in order to determine if the performance condition has been satisfied.

Appears in 4 contracts

Samples: Executive Rsu Agreement (HMS Holdings Corp), Restricted Stock Unit Agreement (HMS Holdings Corp), Restricted Stock Unit Agreement (HMS Holdings Corp)

Performance Conditions. 1. The Company’s average closing price per Share as reported on the NASDAQ Global Select Market during at least one measurement period (as described below) must be at least 25% higher than the Exercise Price closing price per Share specified in as reported on the Stock Option Grant SummaryNASDAQ Global Select Market on the Date of Grant. 2. The measurement period will consist of the applicable trading days in any consecutive 30 thirty (thirty30) calendar day period preceding the first, second and/or third anniversaries of the Date of Grant. 3. On each anniversary of the Date of Grant (or as promptly as practicable thereafter), the Company will calculate the average closing price for the applicable measurement periods preceding such date in order to determine if the performance condition has been satisfied.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (HMS Holdings Corp)

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Performance Conditions. 1. The Company’s average closing price per Share as reported on the NASDAQ Global Select Market during at least one measurement period (as described below) must be at least 25% higher than the Exercise Price per Share specified in the Stock Option Grant Summary. 2. The measurement period will consist of the applicable trading days in any consecutive 30 thirty (thirty30) calendar day period preceding the first, second and/or third anniversaries of the Date of Grant. 3. On each anniversary of the Date of Grant (or as promptly as practicable thereafter), the Company will calculate the average closing price for the applicable measurement periods preceding such date in order to determine if the performance condition has been satisfied.

Appears in 1 contract

Samples: Executive & SVP Nqso Agreement (HMS Holdings Corp)

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