Common use of Performance Restricted Stock Unit Clause in Contracts

Performance Restricted Stock Unit. Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below: Date of Grant: {GRANTDATE} Number of Performance RSUs (“Initial Grant Number”): {PERFSHARESGRANTED} Vesting Date: {PERFVESTDATE} Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common Stock”) issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.

Performance Restricted Stock Unit. Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below: Date of Grant: {GRANTDATE} Number of Performance RSUs (“Initial Grant Number”): {PERFSHARESGRANTEDRSSHARESGRANTED} Vesting Date: {PERFVESTDATERSVESTDESC} {RSVESTSCHED} Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common Stock”) issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.