Common use of Performance Cycles Clause in Contracts

Performance Cycles. The “Performance Cycles” applicable to the Awarded RSUs shall be based on the following: • For the Subject RSUs under the First Tranche, the one-year period beginning on January 1, 20[•], and ending on December 31, 20[•] (the “First One-Year Performance Cycle”); • For the Subject RSUs under the Second Tranche, the one-year period beginning on January 1, 20[•], and ending on December 31, 20[•] (the “Second One-Year Performance Cycle”); and • For the Subject RSUs under the Third Tranche, the one-year period beginning on January 1, 20[•], and ending on December 31, 20[•] (the “Third One-Year Performance Cycle”).

Appears in 3 contracts

Samples: Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.), Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.), Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.)

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Performance Cycles. The “Performance Cycles” applicable to the Awarded RSUs shall be based on the following: · For the Subject RSUs under the Standard Component, the three-year period beginning on January 1, 20[·], and ending on December 31, 20[·](1) (the “Three-Year Performance Cycle”); · For the Subject RSUs under the First Tranche, the one-year period beginning on January 1, 20[•20[·], and ending on December 31, 20[•] 20[·](2) (the “First One-Year Performance Cycle”); · For the Subject RSUs under the Second Tranche, the one-year period beginning on January 1, 20[•20[·], and ending on December 31, 20[•] 20[·](3) (the “Second One-Year Performance Cycle”); and · For the Subject RSUs under the Third Tranche, the one-year period beginning on January 1, 20[•20[·], and ending on December 31, 20[•] 20[·](4) (the “Third One-Year Performance Cycle”).

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.)

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