Common use of The PSUs Clause in Contracts

The PSUs. (a) Subject to Participant’s continued service with the Company or a Company subsidiary ("Company Group") through the date that the Committee certifies the [Average Core Net Income Annual Growth] following [ ] ("Committee Certification Date"), the PSUs shall vest as is set forth on Exhibit A attached hereto. Subject to subsections (b) and (c) below, upon the date that the Participant is no longer employed by the Company Group, all unvested PSUs shall automatically and immediately be forfeited and canceled.

Appears in 8 contracts

Samples: Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.), Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.), Performance Stock Unit Grant and Agreement (Velocity Financial, Inc.)

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