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, (b) the certification of the performance results for the PSUs by the Committee, and (c) 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 4 contracts

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

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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 nonforfeitable on the last day date the Committee certifies the achievement of the Performance PeriodGoal(s) in accordance with Section 3.2, subject to (a) the achievement of the minimum threshold performance goals Performance Goal(s) for payout set forth in the Exhibit I attached Exhibit Ahereto, and (b) the certification of the performance results for the PSUs by the Committee, and (c) there being no termination of Grantee’s employment (as determined pursuant to Section 7.2 of the Plan) 's Continuous Service from the Grant Date through the last day date the Committee certifies the achievement of the Performance PeriodGoal(s) in accordance with Section 3.2. 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 Goal(s) set forth on the attached in Exhibit A I and shall be rounded to the nearest whole PSU.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (HomeStreet, Inc.)

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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 nonforfeitable on the last day date the Committee certifies the achievement of the Performance PeriodGoal(s) in accordance with Section 3.2, subject to (a) the achievement of the minimum threshold performance goals Performance Goal(s) for payout set forth in the Exhibit I attached Exhibit Ahereto, and (b) the certification of the performance results for the PSUs unless otherwise determined by the CommitteeCommittee in its sole discretion, and (c) 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 Goal(s) set forth on the attached in Exhibit A I and shall be rounded to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Rocky Brands, Inc.)

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