Common use of Performance Measure Clause in Contracts

Performance Measure. If this Award is subject to a Performance Measure (as defined herein), the Shares subject to this Award shall be issued and distributed only if the Units have vested in accordance with Section 1(a) and the Compensation Committee has certified the attainment of the Performance Measure with respect to all or any portion thereof; it being understood that if vesting of the Units is accelerated pursuant to Sections 1(c)(y) or 3(a)(ii) hereof, such vested Units shall remain subject to the attainment of the Performance Measure and no Shares shall be issued and distributed in respect of such Units unless and until the Compensation Committee has certified that the Performance Measure has been attained. If such Performance Measure remains in effect and the Compensation Committee certifies that it has not been attained with respect to all or any portion of the Units (including any Units that have vested pursuant to Sections 1(c)(y) or 3(a)(ii) hereof), this Award shall terminate immediately and be of no further force or effect with respect to all of the Units or such portion thereof, as applicable.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.), Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.), Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.)

AutoNDA by SimpleDocs

Performance Measure. If this Award is subject to a Performance Measure (as defined herein), the Shares subject to this Award shall be issued and distributed settled pursuant to Section 6 only if the Units have Award has vested in accordance with Section 1(a2(a) and the Compensation Committee has certified the attainment of the Performance Measure with respect to all or any portion thereof; it being understood that if vesting of the Units Award is accelerated pursuant to Sections 1(c)(ySection 2(c)(y) or 3(a)(ii4(a)(ii) hereof, such vested Units portion of the Award shall remain subject to the attainment of the Performance Measure and no Shares such vested portion of the Award shall not be issued and distributed in respect of such Units unless and settled until the Compensation Committee has certified that the Performance Measure has been attained. If such Performance Measure remains in effect and the Compensation Committee certifies that it has not been attained with respect to all or any portion of the Units Award (including any Units portion of the Award that have has vested pursuant to Sections 1(c)(ySection 2(c)(y) or 3(a)(ii4(a)(ii) hereof), this Award shall terminate immediately and be of no further force or effect with respect to all of the Units entire Award or such portion thereof, as applicable.

Appears in 4 contracts

Samples: Award Agreement (Affiliated Managers Group, Inc.), Award Agreement (Affiliated Managers Group, Inc.), Award Agreement (Affiliated Managers Group, Inc.)

Performance Measure. If this Award is The Units, if subject to a Performance Measure (as defined herein), the Shares subject to this Award shall be issued and distributed only if the Units have vested eligible to vest in accordance with Section 1(a) and only if the Compensation Committee has certified the attainment of the Performance Measure with respect to all or any portion thereof; it being understood that if vesting of the Units is accelerated pursuant to Sections 1(c)(y) or 3(a)(ii) hereof, such vested Units shall remain subject to the attainment of the Performance Measure and no Shares shall be issued and distributed in respect of such Units unless and until the Compensation Committee has certified that the Performance Measure has been attained. If such Performance Measure remains in effect and the Compensation Committee certifies that it has not been attained with respect to all or any portion of the Units (including any Units that have vested pursuant to Sections 1(c)(y) or 3(a)(ii) hereof), this Award shall terminate immediately and be of no further force or effect with respect to all of the Units or such portion thereof, as applicable.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.), Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.)

AutoNDA by SimpleDocs

Performance Measure. If this Award is subject to a Performance Measure (as defined herein), the Shares subject to this Award shall be issued and distributed only if the Units have vested in accordance with Section 1(a) and the Compensation Committee has certified the attainment of the Performance Measure with respect to all or any portion thereof; it being understood that if vesting of the Units is accelerated or continued post-termination, as the case may be, pursuant to Sections 1(c)(y), 3(a) or 3(a)(ii3(b) hereof, such vested Units shall remain subject to the attainment of the Performance Measure and no Shares shall be issued and distributed in respect of such Units unless and until the Compensation Committee has certified that the Performance Measure has been attained. If such Performance Measure remains in effect and the Compensation Committee certifies that it has not been attained with respect to all or any portion of the Units (including any Units that have vested pursuant to Sections 1(c)(y), 3(a) or 3(a)(ii3(b) hereof), this Award shall terminate immediately and be of no further force or effect with respect to all of the Units or such portion thereof, as applicable.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Affiliated Managers Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!