Vesting Determination. Except as otherwise provided in Section E, the RSUs held by the Award Holder will vest, to the extent earned for the Performance Period, on the Vesting Date only if the Award Holder has not had a Separation from Service prior to such date. Once the Company’s Operational Performance Results are determined by the Committee, the Company will confirm the number of Target Shares that will vest or be forfeited on the Vesting Date, and the number of Additional Shares, if any, that will be issued to the Award Holder on the Vesting Date consistent with the following provisions: • If the Company’s Operational Performance Results are at or above the Target Performance Level, 100% of the Target Shares will vest on the Vesting Date. If the Company’s Operational Performance Results are above the Target Performance Level, Additional Shares will also be issued to the Award Holder on the Vesting Date. If the Company’s Operational Performance Results are less than the Target Performance Level, some or all of the Target Shares will be forfeited. • The number of the Target Shares that will vest on the Vesting Date, and the number of any Additional Shares that will be issued to the Award Holder on the Vesting Date, will be determined in accordance with the table set forth in Section C above. Any Target Shares that do not vest in accordance with the table will be forfeited on the Vesting Date.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp), Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp)
Vesting Determination. Except as otherwise provided in Section E, the RSUs PSUs held by the Award Holder Participant will vest, to the extent earned for the Performance Period, on the Vesting Date only if the Award Holder Participant has not had a Separation from Service prior to such date. Once the Company’s Operational Performance Results are determined by the Committee, the Company will confirm the number of Target Shares Units that will vest or be forfeited on the Vesting Date, and the number of Additional Shares, if any, that will be issued to the Award Holder Participant on the Vesting Date consistent with the following provisions: • If the Company’s Operational Performance Results are at or above the Target Performance Level, 100% of the Target Shares Units will vest on the Vesting Date. If the Company’s Operational Performance Results are above the Target Performance Level, Additional Shares will also be issued to the Award Holder Participant on the Vesting Date. If the Company’s Operational Performance Results are less than the Target Performance Level, some or all of the Target Shares Units will be forfeited. • The number of the Target Shares Units that will vest on the Vesting Date, and the number of any Additional Shares that will be issued to the Award Holder Participant on the Vesting Date, will be determined in accordance with the table set forth in Section C above. Any Target Shares Units that do not vest in accordance with the table will be forfeited on the Vesting Date.
Appears in 2 contracts
Samples: Performance Share Unit Award Agreement (KEMPER Corp), Performance Share Unit Award Agreement (KEMPER Corp)