Common use of Shortened Performance Measurement Period Clause in Contracts

Shortened Performance Measurement Period. The period from PERFORMANCE START through the Acceleration Event Date. Performance will be assessed as available for each year within the Shortened Performance Measurement Period. Calendar year performance will be used for each completed year; and for any partial years, year-to-date performance through the completed calendar quarter immediately preceding or coinciding with the Acceleration Event Date. Performance for a partial year will be weighted accordingly.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Washington Trust Bancorp Inc), Performance Share Unit Award Agreement (Washington Trust Bancorp Inc)

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Shortened Performance Measurement Period. The period from PERFORMANCE START «Performance_Start» through the Acceleration Event Date. Performance will be assessed as available for each year within the Shortened Performance Measurement Period. Calendar year performance will be used for each completed year; and for any partial years, year-to-date performance through the completed calendar quarter immediately preceding or coinciding with the Acceleration Event Date. Performance for a partial year will be weighted accordingly.

Appears in 2 contracts

Samples: Deferred Stock Unit Award Agreement (Washington Trust Bancorp Inc), Washington Trust (Washington Trust Bancorp Inc)

Shortened Performance Measurement Period. The period from PERFORMANCE START January 1, 2014 through the Acceleration Event Date. Performance will be assessed as available for each year within the Shortened Performance Measurement Period. Calendar year performance will be used for each completed year; and for any partial years, year-to-date performance through the completed calendar quarter immediately preceding or coinciding with the Acceleration Event Date. Performance for a partial year will be weighted accordingly.

Appears in 1 contract

Samples: Washington Trust (Washington Trust Bancorp Inc)

Shortened Performance Measurement Period. The period from PERFORMANCE START #PerformanceStart# through the Acceleration Event Date. Performance will be assessed as available for each year within the Shortened Performance Measurement Period. Calendar year performance will be used for each completed year; and for any partial years, year-to-date performance through the completed calendar quarter immediately preceding or coinciding with the Acceleration Event DateDate will be used. Performance for a partial year will be weighted accordingly.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Washington Trust Bancorp Inc)

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Shortened Performance Measurement Period. The period from PERFORMANCE START January 1, 20XX through the Acceleration Event Date. Performance will be assessed as available for each year within the Shortened Performance Measurement Period. Calendar year performance will be used for each completed year; and for any partial years, year-to-date performance through the completed calendar quarter immediately preceding or coinciding with the Acceleration Event Date. Performance for a partial year will be weighted accordingly.

Appears in 1 contract

Samples: Stock Unit Award Agreement (Washington Trust Bancorp Inc)

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