Common use of Performance Matrix Clause in Contracts

Performance Matrix. The number of Restricted Stock Units that become eligible to vest (the “Eligible Restricted Stock Units”) will depend upon the Company’s Adjusted Operating Income as of the Period End Date, as described herein. The number of Eligible Restricted Stock Units will be determined by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) in its sole discretion within forty-five (45) days of the Period End Date.

Appears in 3 contracts

Samples: Netapp (NetApp, Inc.), Netapp (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

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Performance Matrix. The number of Restricted Stock Units that become eligible to vest (the “Eligible Restricted Stock Units”) will depend upon the Company’s Adjusted Operating Income Total Stockholder Return as compared to the Benchmark Peers Total Stockholder Return calculated as of the Period End Date, Date as described herein. The number of Eligible Restricted Stock Units will be determined by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) in its sole discretion within forty-five (45) days of the Period End Date.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

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Performance Matrix. The number of Restricted Stock Units that become eligible to vest (the “Eligible Restricted Stock Units”) will depend upon the Company’s Adjusted Operating Income as of the Period End Date, as described herein. The number of Eligible Restricted Stock Units will be determined by the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) in its sole discretion within forty-five (45) days of the Period End DateDate and will depend upon the Company’s Total Stockholder Return as compared to the Index Total Stockholder Return calculated as of the Period End Date as described herein.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (NetApp, Inc.)

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