Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the “Earned PSUs”). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the “Committee Determination Date”). Except as otherwise provided herein, the Grantee’s right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until the end of the Performance Period. (b) For purposes of this Agreement: (i) “Continuously employed” (or substantially similar term) means the absence of any interruption or termination of the Grantee’s employment with the Company or with a Subsidiary of the Company. Continuous employment shall not be considered interrupted or terminated in the case of sick leave, military leave or any other leave of absence approved by the Company or in the case of transfers between locations of the Company and its Subsidiaries;

Appears in 3 contracts

Samples: Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp)

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Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s 's right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the "Earned PSUs"). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the "Committee Determination Date"). Except as otherwise provided herein, the Grantee’s 's right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until through the end of the Performance Period. (b) For purposes of this Agreement: (i) Continuously employed" (or substantially similar term) means the absence of any interruption or termination of the Grantee’s 's employment with the Company or with a Subsidiary of the Company. Continuous employment shall not be considered interrupted or terminated in the case of sick leave, military leave or any other leave of absence approved by the Company or in the case of transfers between locations of the Company and its Subsidiaries;

Appears in 2 contracts

Samples: Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp)

Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s 's right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the "Earned PSUs"). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the "Committee Determination Date"). Except as otherwise provided herein, the Grantee’s 's right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until through the end of the Performance Period.. 000-0000-0000/1/AMERICAS (b) For purposes of this Agreement: (i) Continuously employed" (or substantially similar term) means the absence of any interruption or termination of the Grantee’s 's employment with the Company or with a Subsidiary of the Company. Continuous employment shall not be considered interrupted or terminated in the case of sick leave, military leave or any other leave of absence approved by the Company or in the case of transfers between locations of the Company and its Subsidiaries;

Appears in 1 contract

Samples: Performance Share Units Agreement (Harsco Corp)

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Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s 's right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the "Earned PSUs"). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the "Committee Determination Date"). Except as otherwise provided herein, the Grantee’s 's right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until through the end of the Performance Period. 1 For Awards granted on or after March 7, 2023 2 For Awards granted on or after March 11, 2024 (b) For purposes of this Agreement: (i) Continuously employed" (or substantially similar term) means the absence of any interruption or termination of the Grantee’s 's employment with the Company or with a Subsidiary of the Company. Continuous employment shall not be considered interrupted or terminated in the case of sick leave, military leave or any other leave of absence approved by the Company or in the case of transfers between locations of the Company and its Subsidiaries;

Appears in 1 contract

Samples: Performance Share Units Agreement (ENVIRI Corp)

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