Common use of Qualifying Performance Criteria Clause in Contracts

Qualifying Performance Criteria. Subject to the other provisions of this Performance-Based Restricted Stock Unit Award Agreement, for the Awardee to earn any portion of the Stock Units relating to this Performance-Based Restricted Stock Unit Award Agreement, the Qualifying Performance Criteria, as set forth in Appendix A hereto, must be satisfied. The Committee shall certify the achievement of the Qualifying Performance Criteria in writing prior to making any payment pursuant to this Performance-Based Restricted Stock Unit Award Agreement. For purposes of clarity, if the Qualifying Performance Criteria is not achieved, no amount shall be payable with respect to this Performance-Based Restricted Stock Unit Award Agreement except as otherwise provided in subsection E(2) and subsection E(3) below.

Appears in 6 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Co), Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Co), Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Co)

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Qualifying Performance Criteria. Subject to the other provisions of this Performance-Based Restricted Stock Unit Award Agreement, for the Awardee to earn any portion of the Stock Units relating to this Performance-Based Restricted Stock Unit Award Agreement, the Qualifying Performance Criteria, as set forth in Appendix A hereto, must be satisfied. The Committee shall certify the achievement of the Qualifying Performance Criteria in writing prior to making any payment pursuant to this Performance-Based Restricted Stock Unit Award Agreement. For purposes of clarity, if the Qualifying Performance Criteria is not achieved, no amount shall be payable with respect to this Performance-Based Restricted Stock Unit Award Agreement except as otherwise provided in subsection E(2E(3) and subsection E(3E(4) below.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Co), Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Co)

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