Common use of Prorated Vesting Clause in Contracts

Prorated Vesting. If a Prorated Number of RSUs are to become Vested RSUs pursuant to Sections 6(b), (c), (d) or (e) above, then the number of shares that become Vested Shares (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 executive position) until the Vesting Date; Y = the number of full calendar months the Grantee remained employed (and in an executive position) after the Grant Date; and Z = 36.

Appears in 4 contracts

Samples: Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.), Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.), Performance Adjusted Restricted Stock Unit Award Agreement (FirstEnergy Solutions Corp.)

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