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Common use of PSUs Clause in Contracts

PSUs. As soon as reasonably practicable after the Performance Period, the number of PSUs to be paid under this Award will be determined by the Committee based on Company performance achievement. The decision by the Committee will be final, conclusive and binding upon all parties, including the Company, the shareowners and you. Following the Committee’s approval of the payout, you will receive unrestricted shares of Company common stock equal to the number of PSUs payable to you on the vest date.

Appears in 3 contracts

Samples: Long Term Incentive Plan Award Agreement (Sylvamo Corp), Long Term Incentive Plan Award Agreement (Sylvamo Corp), Long Term Incentive Plan Award Agreement (Sylvamo Corp)

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PSUs. As soon as reasonably practicable after the Performance Period, the number of PSUs to be paid under this Award will be determined by the Committee based on Company performance achievement. The decision by the Committee will be final, conclusive and binding upon all parties, including the Company, the shareowners and you. Following the Committee’s approval of the payout, you will receive unrestricted shares of Company common stock equal to the number of PSUs payable to you on the vest dateyou.

Appears in 1 contract

Samples: Long Term Incentive Plan Award Agreement (Sylvamo Corp)

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