Vesting of the Performance Units. Except as otherwise provided herein, if the Participant remains in the employment of the Company through the end of the Performance Period, the Performance Units notionally earned and credited to the Participant’s Account shall become vested as of the end of the Performance Period upon certification by the Committee; however, in the event the Participant’s employment is terminated for Cause after the end of the Performance Period but prior to certification by the Committee and/or payment of Participant’s Account, the Performance Units notionally earned and credited to the Participant’s Account shall be forfeited.
Appears in 3 contracts
Samples: Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co), Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co), Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co)
Vesting of the Performance Units. Except as otherwise provided herein, if If the Participant remains in the employment of the Company through the end of the Performance Period, the Performance Units notionally earned and credited to the Participant’s Account shall become vested as of the end of the Performance Period upon certification by the Committee; however, in the event the Participant’s employment is terminated for Cause after the end of the Performance Period but prior to certification by the Committee and/or payment of Participant’s Account, the Performance Units notionally earned and credited to the Participant’s Account shall be forfeited.
Appears in 1 contract
Samples: Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co)
Vesting of the Performance Units. Except as otherwise provided herein, if the Participant remains in the employment of the Company through the end of the Performance Period, the Performance Units notionally earned and credited to the Participant’s Account shall become vested as of the end of the Performance Period and earned upon approval and certification by the Committee; however, in the event the Participant’s employment is terminated for Cause after the end of the Performance Period but prior to certification by the Committee and/or payment of Participant’s Account, the any Performance Units notionally earned and credited to the Participant’s Account shall be forfeited.
Appears in 1 contract
Samples: Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co)
