Common use of Time of Vesting and Payment of Awards Clause in Contracts

Time of Vesting and Payment of Awards. The Restriction Period for this Award shall be the thirty-six (36) month period beginning on the Award Date. The Performance Period for this Award shall be a single period from January 1, 2022 through December 31, 2024, with Performance Metrics and Target as described in the electronic grant statement. Subject to Section 2.1, the payout for vested Awards will be based on the cumulative achievement of the Performance Metrics during the Performance Period.

Appears in 2 contracts

Samples: Performance Cash Award Agreement (UL Solutions Inc.), Performance Cash Award Agreement (UL Inc.)

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Time of Vesting and Payment of Awards. The Restriction Period for this Award shall be the thirty-six (36) month period beginning on the Award Date. The Performance Period for this Award shall be a single period from January 1, 2022 2023 through December 31, 20242025, with Performance Metrics and Target as described in the electronic grant statement. Subject to Section 2.1, the payout for vested Awards will be based on the cumulative achievement of the Performance Metrics during the Performance Period.

Appears in 2 contracts

Samples: Performance Cash Award Agreement (UL Solutions Inc.), Performance Cash Award Agreement (UL Solutions Inc.)

Time of Vesting and Payment of Awards. The Restriction Period for this Award shall be the thirtytwenty-six seventh (3627th) month period beginning on the Award Date. The Each calendar year from 2020 through 2022 shall constitute a distinct one-year Performance Period for this Award shall be a single period from January 1, 2022 through December 31, 2024, with its own Performance Metrics and Target Target, as described in the electronic grant statement. Subject to Section 2.1, the payout for vested Awards will be based on the cumulative achievement average of the payouts achieved with respect to each of the 2020 through 2022 Performance Metrics during the Performance PeriodPeriods.

Appears in 2 contracts

Samples: Performance Cash Award Agreement (UL Solutions Inc.), Performance Cash Award Agreement (UL Inc.)

Time of Vesting and Payment of Awards. The Restriction Period for this Award shall be the thirty-six (36) month period beginning on the Award Date. The Performance Period for this Award shall be a single the three-year period from beginning January 1, 2022 through 2019 and ending December 31, 2024, with Performance Metrics and Target as described in the electronic grant statement. Subject to Section 2.1, the payout for vested Awards will be based on the cumulative achievement of the Performance Metrics during the Performance Period2021.

Appears in 1 contract

Samples: Performance Cash Award Agreement (UL Inc.)

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Time of Vesting and Payment of Awards. The Restriction Period for this Award shall be the thirty-six (36) month period beginning on the Award Date. The Each calendar year from 2021 through 2023 shall constitute a distinct one-year Performance Period for this Award shall be a single period from January 1, 2022 through December 31, 2024, with its own Performance Metrics and Target Target, as described in the electronic grant statement. Subject to Section 2.1, the payout for vested Awards will be based on the cumulative achievement average of the payouts achieved with respect to each of the 2021 through 2023 Performance Metrics during the Performance PeriodPeriods.

Appears in 1 contract

Samples: Performance Cash Award Agreement (UL Solutions Inc.)

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