Vesting and Term. (a) On or before February 29, 2016, the Compensation Committee of Actua’s Board of Directors (the “Board”) (such committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua has achieved the 2015 performance goals outlined in the Actua 2015 Performance Plan adopted by the Board on February 27, 2015 (the “Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 150% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29, 2016. If the Earned Percentage is more than 0% but less than 150%, a number of Shares equal to the product of (i) two-thirds, (ii) the Earned Percentage and (iii) the aggregate number of Shares (excluding any Shares forfeited pursuant to Section 1(d) below) shall vest on February 29, 2016. On February 29, 2016, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall be automatically forfeited.
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Vesting and Term. (a) On or before February 29March 3, 20162014, the Compensation Committee of ActuaICG’s Board of Directors (the “Board”) (such committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua ICG has achieved the 2015 2013 performance goals outlined in the Actua 2015 ICG 2013 Performance Plan adopted by the Board on February 27March 1, 2015 2013 (the “Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 15050% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 3, 20162014. If the Earned Percentage is more than 0% but less than 15050%, a number of Shares equal to the product of (i) two-thirds, (ii) two times the Earned Percentage and (iiiii) the aggregate number of Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 3, 20162014. On February 29March 4, 20162014, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall will be automatically forfeited.
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Vesting and Term. (a) On or before February 2928, 20162015, the Compensation Committee of ActuaICG’s Board of Directors (the “Board”) (such committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua ICG has achieved the 2015 2014 performance goals outlined in the Actua 2015 ICG 2014 Performance Plan adopted by the Board on February 2728, 2015 2014 (the “Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 150100% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 2, 20162015. If the Earned Percentage is more than 0% but less than 150100%, a number of Shares equal to the product of (i) two-thirds, (ii) the Earned Percentage and (iiiii) the aggregate number of Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 2, 20162015. On February 29March 2, 20162015, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall be automatically forfeited.
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Vesting and Term. (a) On or before February 29March 12, 20162018, the Compensation Committee of Actua’s Board of Directors (the “Board”) (such committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua has achieved the 2015 2017 performance goals outlined in the Actua 2015 2017 Performance Plan adopted by the Board on February 27March 10, 2015 2017 (the “Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 150100% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 12, 20162018. If the Earned Percentage is more than 0% but less than 150100%, a number of Shares equal to the product of (i) two-thirds, (ii) the Earned Percentage and (iiiii) the aggregate number of Shares (excluding any Shares forfeited pursuant to Section 1(d) below) shall vest on February 29March 12, 20162018. On February 29March 12, 20162018, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall be automatically forfeited.
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Vesting and Term. (a) On or before February 29March 3, 20162017, the Compensation Committee of Actua’s Board of Directors (the “Board”) (such committee, the “Committee”) shall determine the extent (expressed as a percentage) to which Actua has achieved the 2015 2016 performance goals outlined in the Actua 2015 2016 Performance Plan adopted by the Board on February 27March 3, 2015 2016 (the “Performance Plan”) (such percentage, the “Earned Percentage”). If the Earned Percentage is 150100% or greater, all of the Shares (excluding any Shares forfeited pursuant to Section 1(c) or Section 1(d) below) shall vest on February 29March 3, 20162017. If the Earned Percentage is more than 0% but less than 150100%, a number of Shares equal to the product of (i) two-thirds, (ii) the Earned Percentage and (iiiii) the aggregate number of Shares (excluding any Shares forfeited pursuant to Section 1(d) below) shall vest on February 29March 3, 20162017. On February 29March 3, 20162017, any Shares not vested pursuant to this Section 1(a) or previously forfeited shall be automatically forfeited.
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