Common use of Performance RSU Award Clause in Contracts

Performance RSU Award. You have been awarded <shares_awarded> performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Shares, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of Xxxxx.

Appears in 2 contracts

Samples: Grant Agreement (BWX Technologies, Inc.), 2022 Performance Restricted Stock Units (BWX Technologies, Inc.)

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Performance RSU Award. You have been awarded <shares_awardedshares awarded> performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Sharesshares of BWXT common stock, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares shares are awarded or issued to you on the Date of Xxxxx.

Appears in 2 contracts

Samples: Grant Agreement (BWX Technologies, Inc.), Grant Agreement (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> an initial number of performance-based restricted stock units shown on the attached Notice of Grant (the “Initial Performance RSUs”), which notice is incorporated herein by reference. These Performance RSUs represent a right to receive Sharesshares of B&W common stock, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares shares are awarded or issued to you on the Date of XxxxxGrant.

Appears in 1 contract

Samples: Performance Restricted Stock Units (Babcock & Wilcox Co)

Performance RSU Award. You have been awarded <shares_awarded> ________ performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Shares, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Grant Agreement (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> ________ performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Shares, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of XxxxxGrant.

Appears in 1 contract

Samples: Grant Agreement (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> [________] performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Shares, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Grant Agreement (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> an initial number of performance-based restricted stock units shown on the attached Notice of Grant (the “Initial Performance RSUs”), which notice is incorporated herein by reference. These Performance RSUs represent a right to receive Sharesshares of B&W common stock, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Performance Restricted Stock Units (Babcock & Wilcox Co)

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Performance RSU Award. You have been awarded <shares_awarded> ________ performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Sharesshares of BWXT common stock, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Grant Agreement (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Shares, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Performance Restricted Stock Units (BWX Technologies, Inc.)

Performance RSU Award. You have been awarded <shares_awarded> performance-based restricted stock units (the “Initial Performance RSUs”). These Performance RSUs represent a right to receive Sharesshares of B&W common stock, calculated as described below, provided (and to the extent that) the applicable performance measures and vesting requirements set forth in this Agreement have been satisfied. No Shares are awarded or issued to you on the Date of Xxxxx.

Appears in 1 contract

Samples: Grant Agreement (Babcock & Wilcox Enterprises, Inc.)

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