Common use of Performance Period and Vesting Clause in Contracts

Performance Period and Vesting. Except as otherwise provided in Section 3 below, attainment of the Performance Goals will be measured over the period commencing on January 1, [20XX], and ending on December 31, [20XX] [NOTE: THREE CALENDAR YEAR PERIOD] (the “Performance Period”), and the number of Earned PSUs will be fixed as of the end of the Performance Period (the “Scheduled Vesting Date”), subject to the Committee certifying the level of attainment of the Performance Goals. Except as may otherwise be provided in Section 3 below, the Earned PSUs and the Total Dividend Equivalent PSUs (as defined below) will vest on the Scheduled Vesting Date, but only if the Grantee's Termination Date (as defined below) has not occurred, and does not occur, prior to or on the Scheduled Vesting Date.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (General Dynamics Corp), Performance Stock Unit Award Agreement (General Dynamics Corp)

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Performance Period and Vesting. Except as otherwise provided in Section 3 below, attainment of the Performance Goals Goal will be measured over the period commencing on January 1, [20XX]2020, and ending on December 31, [20XX] [NOTE: THREE CALENDAR YEAR PERIOD] 2022 (the “Performance Period”), and the number of Earned PSUs will be fixed as of the end of the Performance Period (the “Scheduled Vesting Date”), subject to the Committee certifying the level of attainment of the Performance GoalsGoal. Except as may otherwise be provided in Section 3 below, the Earned PSUs and the Total Dividend Equivalent PSUs (as defined below) will vest on the Scheduled Vesting Date, but only if the Grantee's Termination Date (as defined below) has not occurred, and does not occur, prior to or on the Scheduled Vesting Date.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (General Dynamics Corp)

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Performance Period and Vesting. Except as otherwise provided in Section 3 below, attainment of the Performance Goals Goal will be measured over the period commencing on January 1, [20XX], and ending on December 31, [20XX] [NOTE: THREE CALENDAR YEAR PERIOD] (the “Performance Period”), and the number of Earned PSUs will be fixed as of the end of the Performance Period (the “Scheduled Vesting Date”), subject to the Committee certifying the level of attainment of the Performance GoalsGoal. Except as may otherwise be provided in Section 3 below, the Earned PSUs and the Total Dividend Equivalent PSUs (as defined below) will vest on the Scheduled Vesting Date, but only if the Grantee's Termination Date (as defined below) has not occurred, and does not occur, prior to or on the Scheduled Vesting Date.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (General Dynamics Corp)

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