Performance Share Unit Awards Sample Clauses

Performance Share Unit Awards. Each J&J PSU Award held as of immediately prior to the Distribution by any current Kenvue Employee as of the Distribution shall be replaced with a Substitute Kenvue RSU Award. The number of shares of Kenvue Common Stock subject to the Substitute Kenvue RSU Award shall be equal to (a) the number of shares of J&J Common Stock subject to the J&J PSU Award as of immediately prior to the Distribution assuming achievement of performance targets based on (i) in the case of any J&J PSU Award with two completed fiscal years in the performance period, the actual level of performance during such fiscal years, as determined by J&J, and (ii) in the case of any other J&J PSU Award, the target level of performance, multiplied by (b) the Kenvue Conversion Ratio, rounded to the nearest whole share. Each Substitute Kenvue RSU Award shall have substantially the same terms and conditions (including time-vesting schedule) as the corresponding J&J PSU Award to which it relates, except as provided herein and such award shall no longer be subject to performance-vesting conditions, and shall continue to vest based on continued service with the Kenvue Group.
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Performance Share Unit Awards. Except as set forth on Schedule 4.01, with respect to each Pentair Performance Share Unit Award, regardless of by whom held, the Pentair Compensation Committee shall determine, no later than the Effective Time, the extent to which the performance goal(s) established for such awards will be considered satisfied as of the Effective Time based on the trend of the achievement of the performance goal(s). Based on that determination, the Pentair Compensation Committee shall determine the number of Pentair Performance Share Units that have been earned based on the level of achievement of such goal(s), and any such Performance Share Units that have not been so earned shall be forfeited as of the Effective Time. Each Pentair Performance Share Unit so earned shall be converted as of the Effective Time into an Adjusted Pentair Restricted Stock Unit Award and/or an nVent Restricted Stock Unit Award, in the same manner as is provided in Section 4.01(d)(B), depending on the original date of grant of such award or the country of residence of the award holder, as applicable, and each such Adjusted Pentair Restricted Stock Unit Award and nVent Restricted Stock Unit Award shall be subject to the same terms and conditions (including any time-vesting requirements that must be satisfied as of the end of the performance period) after the Effective Time as were applicable to such Pentair Performance Share Unit Award prior to the Effective Time (except as otherwise provided herein, including in this Section 4.01(e) and Section 4.01(f)); provided, however, that such awards shall no longer be subject to the achievement of performance goal(s) after the Effective Time.
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Performance Share Unit Awards. The Company will review performance of the Company’s total shareholder return (“TSR”) for the 2015 tranche of Performance Share Units (“PSUs”) in accordance with the terms and conditions of the awards, and such PSUs will either vest immediately after the Distribution Time on the Separation Date (but in any event on or prior to 11:59 p.m. Pacific Daylight Time) or expire without vesting depending on the Company’s TSR relative to the median TSR for eBay’s 2012 peer group. In the event that the Separation Date occurs prior to the end of 2015, for the tranche that could otherwise vest at the end of 2015, the Company will review TSR using the average closing price of a share of common stock of the Company for the 20 consecutive trading days ending on (and including) the last day that is immediately prior to the Separation Date in lieu of the 20 consecutive trading days ending on (and including) the last day of 2015. Based on the whether the Company’s TSR (comparing both the period from January 1, 2015 through the day prior to the Separation Date and the period from January 1, 2012 through the day prior to the Separation Date) exceeds the median TSR for eBay’s 2012 peer group for the same respective period, the PSUs will either vest immediately after the Distribution Time on the Separation Date (but in any event on or prior to 11:59 p.m. Pacific Daylight Time) or expire without vesting. In the event that the Separation Date occurs prior to the end of 2015, the tranche that could otherwise vest for the 2016 performance period will be forfeited even if you continue as a Board member of the Company or PayPal Holdings, Inc. following the Separation Date. In the event that the Separation Date occurs following the end of 2015 but prior to the end of 2016, the determination of whether the 2016 tranche of PSUs will become vested will be treated in the same manner as the 2015 tranche above. In all events, any vested PSUs (after tax withholdings) must be retained by you and may not be sold until on or after December 31, 2017.
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Performance Share Unit Awards. (i) As of the Effective Time, each then-outstanding Company PRSU granted in 2021 (the “2021 Company PRSUs”), to the extent not yet vested and settled, will, automatically and without any action on the part of the holder thereof, be assumed and converted into a Buyer PRSU denominated in shares of Buyer Common Stock, with the number of shares of Buyer Common Stock subject to such Buyer PRSU equal to the product (rounded up to the nearest whole number) of (i) the target number of shares of Company Common Stock specified for such 2021 Company PRSU, multiplied by (ii) the Exchange Ratio; provided, that each Buyer PRSU received pursuant to this Section 2.07(b)(i) shall be subject to (1) the same termination terms, deferral elections and other terms and restrictions as the applicable 2021 Company PRSU was subject to immediately prior to the Effective Time and (2) the same vesting schedule and performance metrics to which such 2021 Company PRSU was subject immediately prior to the Effective Time. Within five (5) Business Days following the Effective Time, Buyer shall mail (or caused to be mailed) to each holder of record of a 2021 Company PRSU outstanding immediately prior to the Effective Time a statement or other evidence showing the terms of the Buyer PRSU into which such 2021 Company PRSU was converted pursuant to this Section 2.07(b)(i). For the avoidance of doubt, Xxxxx shall also confirm in the statement delivered pursuant to this Section 2.07(b)(i) that each such Buyer PRSU shall have the same entitlement to receive on the vesting date of the Buyer PRSU a payment, in cash or shares of Buyer Common Stock at Buyer’s election, equal to the cumulative dollar amount of dividends the holder would have received with respect to the 2021 Company PRSUs if the holder had been the actual record owner of the underlying Company Common Stock on each dividend record date from the grant date through the Effective Time. As soon as practicable after the Effective Time or, if later, the calculation of the applicable performance metrics for the three-year period ending December 31, 2023 compared to the relevant index, Buyer shall settle the Buyer PRSUs in accordance with their terms. (ii) Except as otherwise provided in Section 2.07(b)(iii), as of the Effective Time, each then-outstanding Company PRSU granted in 2022 or 2023 (the “2022-2023 Company PRSUs”) will, automatically and without any action on the part of the holder thereof, be assumed and converted into a Buyer PRSU d...
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Performance Share Unit Awards. Your outstanding Performance Share Unit Awards as of your Last Day Worked will be governed by the terms of the applicable Harris Stock TT Incentive Plan(s) (including, without limitation, proration based upon your Last Day Worked) and terms and conditions applicable to each such award of Performance Share Unit Award. For Performance Share Unit payout purposes, your separation from employment will be considered to be involuntary and your Last Day Worked will be considered to be October 30, 2010. It is understood and agreed that you will receive no further Performance Share Unit grants and have no further entitlements in respect of Performance Share Units except as provided herein.
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Performance Share Unit Awards. Each outstanding performance share/unit award which you hold as of the Separation Date will, notwithstanding your separation and the terms and conditions initially applicable to such award, remain outstanding and eligible to vest, as if you had remained employed by Xxxxxx. Final payout of such performance share/unit awards shall remain subject to adjustment for company financial performance, as of the end of the performance period. Except as modified by the provisions of this Section 10, such awards will continue to be governed by the applicable Xxxxxx Equity Incentive Plan(s) and terms and conditions thereunder in effect at the time of the grant. Dividends will be paid in cash on the performance-adjusted payouts. To the extent payable, such awards will be settled in shares in September following the end of the applicable performance period.
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Performance Share Unit Awards. Except as set forth on Schedule 4.01, with respect to each Pentair Performance Share Unit Award, regardless of by whom held, the Pentair Compensation Committee shall determine, as of the Effective Time, the extent to which the performance goal(s) established for such awards have been satisfied as of the Effective Time. Based on that determination, the Pentair Compensation Committee shall determine the number of Pentair Performance Share Units that have been earned based on achievement of such goal(s), and any such Performance Share Units that have not been so earned shall be forfeited as of the Effective Time. Each Pentair Performance Share Unit so earned shall be converted as of the Effective Time into an Adjusted Pentair Restricted Stock Unit Award and/or an nVent Restricted Stock Unit Award, in the same manner as is provided in Section 4.01(d)(B), depending on the original date of grant of such of award, and each such Adjusted Pentair Restricted Stock Unit Award and nVent Restricted Stock Unit Award shall be subject to the same terms and conditions (including any time-vesting requirements that must be satisfied as of the end of the performance period) after the Effective Time as were applicable to such Pentair Performance Share Unit Award prior to the Effective Time (except as otherwise provided herein, including in this Section 4.01(e) and Section 4.01(f)); provided, however, that such awards shall no longer be subject to the achievement of performance goal(s) after the Effective Time.
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Performance Share Unit Awards. The Company hereby grants to Executive, effective the date hereof, seventy-five thousand (75,000) performance share units. Upon vesting of the performance share units, the Company shall provide to Executive one Share per performance share unit. The performance share units shall vest as follows: (a) Twenty five thousand (25,000) performance share units on the third anniversary of the Effective Date, twenty five thousand (25,000) performance share units on the fourth anniversary of the Effective Date, and twenty five thousand (25,000) performance share units on the fifth anniversary of the Effective Date; provided, however, that, except to the extent otherwise provided in the SPA, the Plan or Section 3.3 hereof, such vesting shall only occur if Executive is an employee of the Company (or any affiliate) on the relevant vesting date. (b) In addition, Executive may be granted additional performance share units as may hereafter be determined by the Compensation Committee of the Board of Directors of the Company under the Plan.
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Performance Share Unit Awards 
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Related to Performance Share Unit Awards

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

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