Common use of Performance Stock Units Clause in Contracts

Performance Stock Units. Executive’s unvested Performance Stock Units (“PSUs”) under the Company’s Equity Incentive Plans shall continue to vest, subject to achievement of required performance metrics, during the Transition Period. Pursuant to the terms of Executive’s Performance Stock Unit Award Agreements, Executive agrees that any PSUs that have not vested on or prior to the end of the Transition Period are forfeited and cancelled. For avoidance of doubt, Executive shall not receive any additional PSUs.

Appears in 2 contracts

Samples: Transition Agreement (Patterson Companies, Inc.), Transition Agreement (Patterson Companies, Inc.)

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Performance Stock Units. ExecutiveEmployee’s unvested Performance Stock Units (“PSUs”) under the Company’s Equity Incentive Plans shall continue to vest, subject to achievement of required performance metrics, during through the Transition PeriodSeparation Date. Pursuant to the terms of ExecutiveEmployee’s Performance Stock Unit Award Agreements, Executive Employee agrees that any PSUs that have not vested on or prior to the end of the Transition Period Separation Date are forfeited and cancelled. For avoidance of doubt, Executive Employee shall not receive any additional PSUs.

Appears in 2 contracts

Samples: Separation Agreement (Patterson Companies, Inc.), Transition Agreement (Patterson Companies, Inc.)

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Performance Stock Units. ExecutiveEmployee’s unvested Performance Stock Units (“PSUs”) under the Company’s Equity Incentive Plans shall continue to vest, subject to achievement of required performance metrics, during through the Transition PeriodRetirement Date. Pursuant to the terms of ExecutiveEmployee’s Performance Stock Unit Award Agreements, Executive Employee agrees that any PSUs that have not vested on or prior to the end of the Transition Period Retirement Date are forfeited and cancelled. For avoidance of doubt, Executive Employee shall not receive any additional PSUs.

Appears in 1 contract

Samples: Separation Agreement (Patterson Companies, Inc.)

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