Common use of Performance Shares Earned Clause in Contracts

Performance Shares Earned. (a) Schedule I specifies the performance criteria applicable to your Shares Awarded. Except as provided in paragraph 4, after the end of the Performance Period, the Committee shall determine whether and to what extent these performance criteria have been achieved for purposes of determining the Vesting Percentage applicable to your Performance Shares (Shares Earned Percentage). (b) Any Shares Awarded that are not Shares Earned after giving effect to the Committee’s determinations under this paragraph 3 shall terminate and become null and void immediately following such determinations.

Appears in 7 contracts

Samples: Strategic Performance Share Grant Agreement (Cigna Corp), Strategic Performance Share Grant Agreement (Cigna Corp), Strategic Performance Share Grant Agreement (Cigna Corp)

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