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 in this Agreement, the PSUs will vest and become non-forfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals for payout set forth in the attached Exhibit A, and (b) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the 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 set forth on the attached Exhibit A 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 in this AgreementSections 5 and 6, the PSUs will shall vest and become non-forfeitable nonforfeitable on the last day of the Performance PeriodCycle, subject to (a) the achievement of the minimum threshold performance goals Performance Goal for payout set forth in the attached Exhibit A, and (b) there being no termination of Grantee’s Participant's continuous employment (as determined pursuant to Section 7.2 of the Plan“Continuous 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 Performance Goals set forth on the attached in Exhibit A and shall be rounded down to the nearest whole PSU.

Appears in 2 contracts

Samples: Form of 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 in this AgreementSections 5 and 6, the PSUs will shall vest and become non-forfeitable nonforfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals Performance Goal for payout set forth in the attached Exhibit A, and (b) there being no termination of Grantee’s Participant's continuous employment (as determined pursuant to Section 7.2 of the Plan“Continuous Service”) from the Grant Date through the last day of the Performance PeriodPeriod (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 Performance Goals set forth on the attached in Exhibit A 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 in this Agreementherein, the PSUs will vest and become non-forfeitable nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance PeriodPeriod in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold performance goals Performance Goals for payout set forth in the attached Exhibit AA hereto, and (b) there being no termination of the Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) 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 Performance Goals set forth on the attached in Exhibit A hereto and shall be rounded to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Audioeye Inc)

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

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Evolution Petroleum Corp)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreementherein, the PSUs will vest and become non-forfeitable on the last day of the Performance Periodnonforfeitable, subject to (a) the Grantee’s satisfactory individual performance, as determined by the Administrator, and the achievement of the minimum threshold of performance goals for payout the payouts set forth in the attached Exhibit AI, and (b) there being no termination of the Grantee’s employment (continued status as determined pursuant to Section 7.2 of the Plan) 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 Performance Goals set forth on the attached in Exhibit A 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 in this AgreementSections 5 and 6, the PSUs will shall vest and become non-forfeitable nonforfeitable on the last day of the Performance Period, subject to (a) the achievement of the minimum threshold performance goals Performance Goal for payout set forth in the attached Exhibit A, and (b) there being no termination of Grantee’s Participant's continuous employment (as determined pursuant to Section 7.2 of the Plan“Continuous Service”) from the Grant Date through the last day of the Performance PeriodPeriod (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 Performance Goals set forth on the attached in Exhibit A and shall be rounded to the nearest whole PSU.

Appears in 1 contract

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

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