Republic of Ireland. References in the Award Agreement and Exhibit A thereto to the XXX Agreement (and related obligations thereunder) will not apply to the Participant. · For the avoidance of doubt, no unconditional entitlement to receive shares under the Award Agreement will arise on the last day of the Performance Period; rather the number of shares to be delivered pursuant to the Award Agreement will only be quantifiable after the Committee has certified the Company’s actual financial performance in accordance with Section 5 of the Award Agreement (and such performance may result in zero shares being earned). Therefore an absolute entitlement to shares will only arise on the date on which shares are actually delivered to the Participant (referred to in this Award Agreement as “settlement date”). · Section 14 of the Award Agreement shall be revised to read as follows:
Appears in 8 contracts
Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)
Republic of Ireland. References in the Award Agreement and Exhibit A thereto to the XXX Agreement (and related obligations thereunder) will not apply to the Participant. · • For the avoidance of doubt, no unconditional entitlement to receive shares under the Award Agreement will arise on the last day of the Performance Period; rather the number of shares to be delivered pursuant to the Award Agreement will only be quantifiable after the Committee has certified the Company’s actual financial performance in accordance with Section 5 of the Award Agreement (and such performance may result in zero shares being earned). Therefore an absolute entitlement to shares will only arise on the date on which shares are actually delivered to the Participant (referred to in this Award Agreement as “"settlement date”"). · • Section 14 of the Award Agreement shall be revised to read as follows:
Appears in 2 contracts
Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)
Republic of Ireland. References in the Award Agreement and Exhibit A thereto to the XXX Agreement POE Agrexxxnt (and related obligations thereunder) will not apply to the Participant. · • For the avoidance of doubt, no unconditional entitlement to receive shares under the Award Agreement will arise on the last day of the Performance Period; rather the number of shares to be delivered pursuant to the Award Agreement will only be quantifiable after the Committee has certified the Company’s actual financial performance in accordance with Section 5 of the Award Agreement (and such performance may result in zero shares being earned). Therefore an absolute entitlement to shares will only arise on the date on which shares are actually delivered to the Participant (referred to in this Award Agreement as “"settlement date”"). · • Section 14 of the Award Agreement shall be revised to read as follows:
Appears in 1 contract
Samples: Performance Shares Award Agreement (Travelers Companies, Inc.)
