Common use of Prorated Vesting Clause in Contracts

Prorated Vesting. The Prorated Number of RSUs described in Section 6(b), (c), (d) or (e) above (the “Prorated Number”) shall be determined as follows: The Prorated Number = X multiplied by (Y/Z), where X = the number of RSUs that would have become Vested RSUs based on actual performance against the Performance Goals if the Grantee had remained employed (and in an eligible executive position) until the Vesting Date; Y = the number of full calendar months the Grantee remained employed (and in an eligible executive position) after the Grant Date; and Z = 36.

Appears in 15 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp), Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp), Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp)

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Prorated Vesting. The Prorated Number of RSUs described in Section 6(b), (c), (d) or (e) above (the “Prorated Number”) shall be determined as follows: The Prorated Number = X multiplied by (Y/Z), where X = the number of RSUs that would have become Vested RSUs based on actual performance against the Performance Goals if the Grantee had remained employed (and in an eligible executive position) until the Vesting Date; Y = the number of full calendar months the Grantee remained employed (and in an eligible executive position) after the Grant Date; and Z = 3624.

Appears in 1 contract

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp)

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Prorated Vesting. The Prorated Number of RSUs described in Section 6(b), (c), (d) or (e) above (the “Prorated Number”) shall be determined as follows: DB1/ 143575255.1 The Prorated Number = X multiplied by (Y/Z), where X = the number of RSUs that would have become Vested RSUs based on actual performance against the Performance Goals if the Grantee had remained employed (and in an eligible executive position) until the Vesting Date; Y = the number of full calendar months the Grantee remained employed (and in an eligible executive position) after the Grant Date; and Z = 36.

Appears in 1 contract

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (Firstenergy Corp)

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