Common use of Performance Period and Performance Period XXX Clause in Contracts

Performance Period and Performance Period XXX. In the event of a Good Leave Termination, the Performance Period under the Award Agreement shall be as follows: (a) If the Good Leave Termination occurs before , 20 , the Performance Period shall be the one-year period starting , 20 and ending , 20 . (b) If the Good Leave Termination occurs during the year commencing , 20 and ending , 20 , the Performance Period shall be the two-year period starting , 20 and ending , 20 . To determine the Participant’s percentage under the Performance Share Vesting Grid set forth in Exhibit B, the “Performance Period XXX” shall be the sum of the Adjusted XXX for each of the years in the Performance Period, divided by the number of years in the Performance Period.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Travelers Companies, Inc.), Performance Share Award Agreement (Travelers Companies, Inc.)

AutoNDA by SimpleDocs

Performance Period and Performance Period XXX. In the event of a Good Leave Termination, the Performance Period under the Award Agreement shall be as follows: (a) If the Good Leave Termination occurs before , 20 , the Performance Period shall be the one-year period starting , 20 and ending , 20 . (b) If the Good Leave Termination occurs during the year commencing , 20 and ending , 20 , the Performance Period shall be the two-year period starting , 20 and ending , 20 . To determine the Participant’s percentage under the Performance Share Shares Vesting Grid set forth in Exhibit B, the “Performance Period XXX” shall be the sum of the Adjusted XXX for each of the years in the Performance Period, divided by the number of years in the Performance Period.

Appears in 2 contracts

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

Performance Period and Performance Period XXX. In the event of a Good Leave Termination, the Performance Period under the Award Agreement shall be as follows: (a) If the Good Leave Termination occurs before January 1, 20 2011, the Performance Period shall be the one-year period starting January 1, 20 2009 and ending December 31, 20 2009. (b) If the Good Leave Termination occurs during the year commencing January 1, 20 2011 and ending December 31, 20 2011, the Performance Period shall be the two-year period starting January 1, 20 2009 and ending December 31, 20 2010. To determine the Participant’s percentage under the Performance Share Vesting Grid set forth in Exhibit B, the “Performance Period XXX” shall be the sum of the Adjusted XXX for each of the years in the Performance Period, divided by the number of years in the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Agreement (Travelers Companies, Inc.)

AutoNDA by SimpleDocs

Performance Period and Performance Period XXX. In the event of a Good Leave Termination, the Performance Period under the Award Agreement shall be as follows: (a) If the Good Leave Termination occurs before , 20 , the Performance Period shall be the one-year period starting , 20 and ending , 20 . (b) If the Good Leave Termination occurs during the year commencing , 20 and ending , 20 , the Performance Period shall be the two-year period starting , 20 and ending , 20 20. To determine the Participant’s percentage under the Performance Share Shares Vesting Grid set forth in Exhibit B, the “Performance Period XXX” shall be the sum of the Adjusted XXX for each of the years in the Performance Period, divided by the number of years in the Performance Period.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)

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