Performance Stock Award Clause Samples

Performance Stock Award. Executive shall be also granted a stock bonus award whereby Executive has the conditional right to receive upon vesting a target performance stock award of 50,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2018 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). If this Agreement has not been fully executed on or prior to the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date both such conditions have been met. If this Agreement is executed by both parties on or prior to the Effective Date and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to Executive on the date it is fully executed. If the Performance Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019. If the Performance Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant. It shall be a condition of vesting that Executive continues to provide services to the Company as of the date of vesting, as provided in the Equity Incentive Plan. Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicable, but not later than ninety (90) days after the beginning of a fiscal year, and in no event after twenty-five percent (25%) of the applicable fiscal year has elapsed. Performance Stock Awards for fiscal years subsequent to 2018, if any, shall vest on the date or dates established by the Compensation Committee, but not sooner than the first anniversary of the date of the grant. Notwithstanding the foregoing, shares associated with Performance Stock Awards shall not be issued to Executive until the amount of the award is determined by the Compensation Committee, which determination will be made within a reasonable time after the end of a fiscal year and after the Company’s financial results for the fiscal year have...

Performance Stock Award. Pursuant to the Plan, and subject to your execution of the Restrictive Covenant Agreement described in Paragraph 13 below, you are hereby granted a Performance Stock Award, subject to the terms and conditions of this Award Agreement and the Plan. The number of shares of Common Stock to be issued hereunder if the Target Performance Goals are achieved is set forth above.

Performance Stock Award. The Executive shall be also granted a stock bonus award whereby the Executive has the conditional right to receive upon vesting a target performance stock award of 85,000 shares of the common stock of Texas Roadhouse, Inc. subject to the achievement of goals for fiscal year 2015 established by the Compensation Committee, as determined by the Compensation Committee (the “Performance Stock Award”). The grant will be made on the Effective Date, provided this Agreement has been fully executed by both the Executive and the Company and the Compensation Committee has established the goals and the performance standards for achieving the Performance Stock Award. If this Agreement has not been fully executed by the Effective Date, or the Compensation Committee has not established the goals and the performance standards for achieving the Performance Stock Award, the Performance Stock Award shall be granted to the Executive on the date both such conditions have been met. The Executive may be granted additional Performance Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee. The Compensation Committee will establish the goals for a fiscal year in writing as soon as practicable after the beginning of a fiscal year, but not later than ninety

Performance Stock Award. You will be granted a performance stock unit award of approximately $9,000,000 in value of performance stock units (“PSUs”). The actual number of shares subject to the PSU award will be determined by dividing the value of the PSU award by the 30 days trailing average (based on trading days) of 8x8’s closing stock price prior to the Grant Date. The performance metrics and vesting terms applicable to this award are as set forth in the attached Exhibit A.

Performance Stock Award