Common use of Vesting of Performance-Based Equity Awards Clause in Contracts

Vesting of Performance-Based Equity Awards. Executive’s outstanding and unvested Performance-Based Awards shall become vested based on actual performance through Executive’s termination date, if measurable, and based upon target performance if performance is not measurable as of Executive’s termination date.

Appears in 5 contracts

Samples: Change of Control and Severance Agreement (Cerence Inc.), Change of Control and Severance Agreement (Cerence Inc.), Change of Control and Severance Agreement (Cerence Inc.)

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Vesting of Performance-Based Equity Awards. Except as otherwise provided in the applicable award agreement, Executive’s outstanding and unvested Performance-Based Awards shall become vested based on actual performance through Executive’s termination date, if measurable, and based upon target performance if performance is not measurable as of Executive’s termination date.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Cerence Inc.)

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Vesting of Performance-Based Equity Awards. Executive’s outstanding and unvested Performance-Based Awards shall become vested as of the termination date based on actual performance through Executive’s termination date, if measurable, and based upon target performance if performance is not measurable as of Executive’s termination date.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Cerence Inc.)

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