Common use of Performance-Vesting RSUs Clause in Contracts

Performance-Vesting RSUs. Fifty percent (50%) of the Restricted Stock Units shall be subject to both time-vesting and performance-vesting conditions (“PSUs”). A PSU shall only become vested and subject to settlement upon satisfaction of both the time-vesting condition and the performance-vesting condition.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Amplify Energy Corp.), Restricted Stock Unit Award Agreement (Amplify Energy Corp.), Restricted Stock Unit Award Agreement (Amplify Energy Corp)

AutoNDA by SimpleDocs

Performance-Vesting RSUs. Fifty percent (50%) of the Restricted Stock Units shall be subject to both time-vesting and performance-vesting conditions (“PSUs”). A PSU shall only become vested and subject to settlement upon satisfaction of both the time-vesting condition and the performance-vesting condition.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Amplify Energy Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.