Common use of PSU Grant Clause in Contracts

PSU Grant. The Grant Date and the target number of PSUs granted in this Award are shown in the online or other grant communication to which this Agreement is attached. Appendix A to this Agreement (available to Employee with the grant posting on the administrator's system) gives performance goal and performance Vesting details, including the potential Vesting date, as further described in Paragraphs 3(a) and (b) of this Agreement. Vesting of each PSU as provided in Section 3 entitles Employee to the issuance of a percentage of a Share (the "Payout Percentage," which may be less than, equal to, or greater than 100%), subject to the other terms and conditions of the Plan and this Agreement. In no event, however, may the Payout Percentage ever exceed 150%. In order for the grant to be effective, Employee must timely confirm acceptance of the terms and conditions of this Agreement pursuant to the instructions in the communication.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (DST Systems Inc), Performance Stock Unit Agreement (DST Systems Inc)

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PSU Grant. The Grant Date and the target number of PSUs granted in this Award are shown in the online or other grant communication to which this Agreement is attached. Appendix A to this Agreement (available to Employee with the grant posting on the administrator's system) gives performance goal and performance Vesting details, including the potential Vesting date, as further described in Paragraphs 3(a) and (b) of this Agreement. Vesting of each PSU as provided in Section 3 entitles Employee to the issuance of a percentage of a Share (the "Payout Percentage," which may be less than, equal to, or greater than 100%), subject to the other terms and conditions of the Plan and this Agreement. In no event, however, may the Payout Percentage ever exceed 150____%. In order for the grant to be effective, Employee must timely confirm acceptance of the terms and conditions of this Agreement pursuant to the instructions in the communication.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (DST Systems Inc)

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PSU Grant. The Grant Date and the target number of PSUs granted in this Award are shown in the online or other grant communication to which this Agreement is attached. Also attached to the communication is an Appendix A to this Agreement (available to Employee with the grant posting on the administrator's system) which gives performance goal and performance Vesting details, including the potential Vesting date, as further described in Paragraphs 3(a) and (b) of this Agreement. Vesting of each PSU as provided in Section 3 entitles Employee to the issuance of a percentage of a Share (the "β€œPayout Percentage," ” which may be less than, equal to, or greater than 100%), subject to the other terms and conditions of the Plan and this Agreement. In no event, however, may the Payout Percentage ever exceed 150%. In order for the grant to be effective, Employee must timely confirm acceptance of the terms and conditions of this Agreement pursuant to the instructions in the communication.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (DST Systems Inc)

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