Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold Performance Goals for payout set forth in Exhibit A hereto, and (b) the Grantee's Continuous Service from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded to the nearest whole PSU.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc), Performance Share Unit Agreement (Audioeye Inc)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a the Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2, subject to (a) subject to the achievement of the minimum threshold Performance Goals performance goals for payout set forth in Exhibit A heretothe Award Agreement, and (b) provided that the Grantee's Continuous Participant has been a continuous Service Provider from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this the Award Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals performance goals set forth in Exhibit A hereto the Award Agreement and shall be rounded to the nearest whole PSU.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Alamo Group Inc), Performance Share Unit Award Agreement (Alamo Group Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided hereinin Sections 5 and 6, the PSUs will shall vest and become nonforfeitable on the last day of a the Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2Cycle, subject to (a) the achievement of the minimum threshold Performance Goals Goal for payout set forth in Exhibit A heretoA, and (b) the GranteeParticipant's continuous employment (“Continuous Service Service”) from the Grant Date through the last day of the Performance PeriodCycle (the “Vesting Date”). The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee Administrator based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded down to the nearest whole PSU.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.), Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided hereinin this Agreement, the PSUs will vest and become nonforfeitable non-forfeitable on the last day of a the Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2Period, subject to (a) the achievement of the minimum threshold Performance Goals performance goals for payout set forth in the attached Exhibit A heretoA, and (b) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Grantee's Continuous Service Plan) from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals performance goals set forth in on the attached Exhibit A hereto and shall be rounded to the nearest whole PSU.

Appears in 2 contracts

Samples: Performance Share Unit Agreement (Shyft Group, Inc.), Performance Share Unit Agreement (Spartan Motors Inc)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2nonforfeitable, subject to (a) the Grantee’s satisfactory individual performance, as determined by the Administrator, and the achievement of the minimum threshold Performance Goals of performance for payout the payouts set forth in Exhibit A heretoI, and (b) the Grantee's Continuous ’s continued status as a Service Provider from the Grant Date through the last day vesting date as defined in Section 7 of the Performance Periodthis Agreement. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee Administrator based on the level of achievement of the Performance Goals set forth in Exhibit A hereto I and shall be rounded to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Avangrid, Inc.)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein, the PSUs will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance Period in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold Performance Goals for payout set forth in Exhibit A hereto, and (b) the Grantee's ’s Continuous Service from the Grant Date through the last day of the Performance Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Committee based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Audioeye Inc)

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