Pro-Ration of PRSUs. For purposes of clauses (b)(ii) and (b)(iii), the pro-rated portion of PRSUs shall be calculated by multiplying the number of PRSUs determined by the Committee based on the extent to which the Performance Goal has been achieved by a fraction, the numerator of which shall be the number of days that have elapsed between the Grant Date and the Termination Date and the denominator of which shall be the total number of days between the Grant Date and the Determination Date, which for this purpose shall be deemed to be March 15, 2019, and the remaining portion of such PRSUs, if any, shall be forfeited.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Grant Agreement (World Fuel Services Corp), Performance Based Restricted Stock Unit Grant Agreement (World Fuel Services Corp)
Pro-Ration of PRSUs. For purposes of clauses (b)(ii) and (b)(iii), the pro-rated portion of PRSUs shall be calculated by multiplying the number of PRSUs determined by the Committee based on the extent to which the Performance Goal has been achieved by a fraction, the numerator of which shall be the number of days that have elapsed between the Grant Date and the Termination Date and the denominator of which shall be the total number of days between the Grant Date and the Determination Date, which for this purpose shall be deemed to be March 15, 20192021, and the remaining portion of such PRSUs, if any, shall be forfeited.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Grant Agreement (World Fuel Services Corp)
Pro-Ration of PRSUs. For purposes of clauses (b)(ii) and (b)(iii), the pro-rated portion of PRSUs shall be calculated by multiplying the number of PRSUs determined by the Committee based on the extent to which the Performance Goal has been achieved by a fraction, the numerator of which shall be the number of days that have elapsed between the Grant Date and the Termination Date and the denominator of which shall be the total number of days between the Grant Date and the Determination Date, which for this purpose shall be deemed to be March 15, 20192020, and the remaining portion of such PRSUs, if any, shall be forfeited.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Grant Agreement (World Fuel Services Corp)
Pro-Ration of PRSUs. For purposes of clauses (b)(ii) and (b)(iii), the pro-rated portion of PRSUs shall be calculated by multiplying the number of PRSUs determined by the Committee based on the extent to which the Performance Goal has been achieved by a fraction, the numerator of which shall be the number of days that have elapsed between the Grant Date and the Termination Date and the denominator of which shall be the total number of days between the Grant Date and the Determination Date, which for this purpose shall be deemed to be March 15, 2019, and the remaining portion of such PRSUs, if any, shall be forfeited.
Appears in 1 contract
