Performance Vesting Criteria Sample Clauses

Performance Vesting Criteria. The number of Performance Stock Units that will satisfy the Performance Vesting Criteria will be determined by the Company’s Compensation Committee or its designee (the “Committee”) subject to the performance conditions as determined by the Committee (the “Performance Conditions”) as set forth below: The Performance Conditions for a target award of the Performance Stock Units will be based on “Net Revenue,” “Non-GAAP Operating Income” and “Strategic Goals.” Vesting is calculated independently for Net Revenue, Non-GAAP Operating Income and Strategic Goals. Vesting of [__]% of the PSUs is based on achievement of Net Revenue Performance Conditions, vesting of [__]% of the PSUs is based on Non-GAAP Operating Income Performance Conditions, and vesting of [__]% of the PSUs is based on achievement of Strategic Goals. The following table sets forth the percentage of the Target Number of Performance Stock Units (as set forth in the Grant Notice) based on the given Performance Condition vested (i.e., earned) at the given Performance Condition achieved: In the event of any, mergers, acquisitions or divestitures the Target Number for the Net Revenue and Non-GAAP Operating Income Performance Conditions shall be adjusted based on the approved plan presented to the board of directors. The Target Number for the Net Revenue and Non-GAAP Operating Income Performance Conditions will be further adjusted for any patent or other litigation settlements or judgments should the effect of such events, if any, impact the Company’s Net Revenue or Non-GAAP Operating Income.
Sample 1
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Performance Vesting Criteria. (a) Participant shall be entitled to have issued to Participant the number of shares of Stock upon the satisfaction of the performance condition(s) set forth in Appendix A or in connection with a Change in Control as provided in Section 5. None of the foregoing performance conditions shall be deemed to have been satisfied unless the Committee shall have so certified in accordance with Section 162(m) of the Code. (b) If a performance condition required for the vesting of any portion of the Award is not satisfied by the end of the period specified in Appendix A for achieving such performance condition(s), such portion of the Award shall thereupon be immediately forfeited. (c) At the end of each fiscal year, or at such earlier time selected by the Committee, the Committee shall determine whether the performance condition(s) have been met. Such results shall be certified in writing by the Committee prior to any Stock being issued hereunder. Except as provided in Section 5, in no event shall the Participant be deemed to be vested in any Award prior to the achievement of the performance conditions and certification of the Committee as provided above.
Sample 1
Performance Vesting Criteria. Except as otherwise provided int the Agreement, the Restricted Stock Units will vest only in the event, and to the extent, that the Committee determines and certifies that the Company has met the following total shareholder return performance criteria for the Performance Cycle. THE DETERMINATION OF THE COMMITTEE AS TO TOTAL SHAREHOLDER RETURN PERFORMANCE AND THE NUMBER OF RESTRICTED STOCK UNITS THAT VEST IS FINAL AND BINDING. • The percentage of the Restricted Stock Units that vest will be determined as follows, based on the percentile ranking for the Performance Cycle (as measured based on the twenty-day average closing stock price immediately preceding the start of the Performance Cycle compared to the twenty-day average closing stock price immediately preceding the end of the Performance Cycle) of the Company’s cumulative total shareholder return (consisting of per share appreciation in Common Stock plus reinvested dividends and other distributions paid on Common Stock) among the companies (ranked by cumulative total shareholder returns consisting of per share appreciation in each company’s equity plus reinvested dividends and other distributions paid on equity) in the S&P 500 Index, as determined and certified by the Committee, subject to adjustment as described below. For the avoidance of doubt, the twenty-day average preceding the beginning of the performance period shall be based on the twenty trading days prior to and excluding the first day of the Performance Cycle and the twenty-day average preceding the end of the Performance Cycle shall be based on the twenty trading days prior to and including the last trading day of the Performance Cycle. 50th 100% 25th 50% Below 25th 0% If the percentile ranking does not equal a ranking shown in the above table, the percentage of the Restricted Stock Units that vest will be determined by a linear interpolation between the next lowest percentile shown in the table and the next highest percentile shown on the table. • If the percentile ranking is below the 25th percentile, none of the Restricted Stock Units will vest.
Sample 1
Performance Vesting Criteria. (a) Participant shall be entitled to have issued to Participant the number of shares of Stock subject to the Award upon the satisfaction of the performance condition(s) at the times or within the time frames (the “Performance Period(s)”) set forth in Appendix A or in connection with a Change in Control as provided in Section 5. None of the foregoing performance conditions shall be deemed to have been satisfied unless the Committee shall have so certified in accordance with Section 162(m) of the Code. (b) If a performance condition required for the vesting of any portion of the Award is not satisfied by the end of the last Performance Period in Appendix A for achieving such performance conditions, such portion of the Award shall thereupon be immediately forfeited. (c) At the end of each Performance Period, or at such earlier time selected by the Committee, the Committee shall determine whether and to what extent the performance condition(s) have been met. Such results shall be certified in writing by the Committee prior to any Stock being issued hereunder. Except as provided in Section 5, in no event shall the Participant be deemed to be vested in any Award prior to the achievement of the performance conditions and certification of the Committee as provided above.
Sample 1

Related to Performance Vesting Criteria

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Time Vesting Subject to Sections 5(b) and 6 below, the RSUs will vest and become nonforfeitable in accordance with and subject to the time vesting schedule set forth on Exhibit A attached hereto, subject to the Participant’s continued status as a Service Provider through each applicable vesting date.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

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