Company PSU Award definition

Company PSU Award means any award of restricted stock units outstanding under the Company Stock Plan or otherwise with vesting subject to performance-based conditions.

Company PSU Award means each award of performance restricted stock units and each award of cash-settled performance units, in each case, that has been granted under the Company Stock Plans.

Company PSU Award means each award of restricted stock units representing the right to be issued shares of Common Stock or cash valued by reference to the value of Common Stock granted under the Company Equity Plans, and that is subject to performance-based vesting restrictions.

Examples of Company PSU Award in a sentence

• The number of shares of SpinCo Common Stock subject to such SpinCo PSU Award shall be equal to the product obtained by multiplying (A) the number of shares of Company Common Stock subject to the Company PSU Award immediately prior to the Distribution Time by (B) the Distribution Ratio, and rounding such product down to the nearest whole share.

• Prior to the Effective Date, the Company shall take all actions required to enable the cancellation of each Company PSU Award in accordance with the preceding sentence.

• Upon the Effective Date, pursuant to the terms of the Company Share Plans and subject to the terms and conditions of this Agreement, each Company PSU Award that is outstanding immediately prior to the Effective Date shall be (by virtue of the Acquisition and without any action on the part of any person) cancelled and extinguished without payment of consideration therefor, except as otherwise provided in accordance with Clause 1.3(c) of this Schedule 1.

• Each Assumed PSU Award shall continue to have, and shall be subject to, the same terms and conditions as applied to the corresponding Company PSU Award (other than performance-based vesting conditions) immediately prior to the First Effective Time (including any terms and conditions relating to accelerated vesting on a termination of the holder’s employment in connection with or following the Merger).

• Payments to holders in respect of each Company Option, Company RSU Award and Company PSU Award (collectively, the “Company Equity Awards”) shall be paid through the Company’s or the Surviving Corporation’s applicable payroll procedures following the Effective Time at such time as such awards are payable.

More Definitions of Company PSU Award

Company PSU Award means an award of restricted share units granted pursuant to a Company Share Plan that is subject to performance-based vesting conditions.

Company PSU Award means a stock unit award with respect to shares of Company Common Stock outstanding under any Company Stock Plan that vests based on the achievement of performance goals.

Company PSU Award means a performance stock unit award granted pursuant to the Company Equity Plan.

Company PSU Award means a restricted stock unit award with respect to a Common Share that remains subject to performance-based vesting conditions.

Company PSU Award has the meaning set forth in Section 1.5(b)(ii).

Company PSU Award means each performance share award in respect of a share of Common Stock. “Company Real Property” has the meaning set forth in Section 4.17(e).

Company PSU Award means each award of restricted stock units with respect to Shares granted under the Company Equity Plans that vest based on the achievement of predetermined performance goals.