Common use of Restrictions/Performance Goals Clause in Contracts

Restrictions/Performance Goals. Restrictions on the number of PSUs specified in this Grant Agreement, as further subject to and adjusted based on performance as set forth in subparagraph 3.1 (“Adjusted PSUs”), will lapse on the designated Restriction Lapse Date only if the Grantee has been continuously employed by the Company and its Affiliates (as defined below) to such date. PSUs shall be immediately cancelled upon termination of employment, except as follows:

Appears in 2 contracts

Samples: Stock Unit Grant Agreement (General Electric Co), General Electric Co

AutoNDA by SimpleDocs

Restrictions/Performance Goals. Restrictions on the number of PSUs specified in this Grant Agreement, as further subject to and adjusted based on performance as set forth in subparagraph 3.1 (“Adjusted PSUs”), will lapse on the designated Restriction Lapse Date only if the Grantee has been continuously employed by the Company and its Affiliates (as defined below) pursuant to such datethe terms of the Employment Agreement. PSUs shall be immediately cancelled upon termination of employment, except as followsset forth under Section 5(d)(ii)(C) of the Employment Agreement. As used herein, the following definitions shall apply:

Appears in 1 contract

Samples: General Electric Co

AutoNDA by SimpleDocs

Restrictions/Performance Goals. Restrictions on the number of PSUs specified in this Grant Agreement, as further subject to and adjusted based on performance as set forth in subparagraph 3.1 (“Adjusted PSUs”), will lapse on the designated Restriction Lapse Date only if the Grantee has been continuously employed by the Company and or one of its Affiliates (as defined below) affiliates to such date. PSUs shall be immediately cancelled upon termination of employment, except as follows:

Appears in 1 contract

Samples: Grant Agreement (General Electric Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!