Eligible PSUs definition

Eligible PSUs means all PSUs granted by the Company pursuant to an award agreement that provides for the grant of Kicker PSUs upon achievement of Adjusted Equity Value above the Maximum.

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Eligible PSUs means those PSUs that are determined by the Committee as being eligible to vest on the Vesting Date based on the Achieved Performance Criteria;

Eligible PSUs means a number of PSUs equal to the product of (a) the Target Award multiplied by (b) the Performance Goal Attainment Factor, rounded down to the nearest whole PSU, and which represent the number of shares of Stock subject to the PSU Award that become eligible to vest based on your continued Service through the applicable vesting dates set forth in Section 2 of this Exhibit A. Where attainment of the Performance Goal is at a level that is between the Performance Goal Attainment Levels specified in the table above, the Eligible PSUs will be determined based on a straight-line interpolation of the Performance Goal Attainment Factor between the two Performance Goal Attainment Levels, rounded to the nearest 0.1%. As set forth in the table above, a minimum of 25% of the Target Award will become Eligible PSUs.

Examples of Eligible PSUs in a sentence

• Based on such evaluation, the Committee or the Board, as applicable, shall determine whether and the extent to which PSUs hereunder may become Eligible PSUs. For purposes of RTSR, the Corporation’s CAGR during the Performance Period shall be measured against the CAGR of members of the PSU Performance Peer Group, calculated at the 90th, 75th, 50th and 25th percentiles, as reflected in the table below.

• Based on such evaluation, the Committee or the Board, as applicable, shall determine whether and the extent to which PSUs hereunder may become Eligible PSUs. Following upon approval by the Committee or the Board, as applicable, such approved Performance Criteria shall constitute the “Achieved Performance Criteria” in respect of PSUs granted hereunder.

• The Participant shall not have any rights as a stockholder with respect to any shares of Common Stock that are used to calculate the Cash Value to be delivered to the Participant in satisfaction of any vested Eligible PSUs or with respect to any other aspect of the Award.

• Notwithstanding anything to the contrary in this Exhibit A, in the event that the Company’s TSR is negative for the Performance Period, the maximum number of PSUs that may become Eligible PSUs is 100% of the Target Number of PSUs.

• Unless otherwise determined by the Committee, in its discretion, Achieved Performance Criteria below P25 (or 25th percentile) will result in none of the PSUs granted hereunder becoming Eligible PSUs in respect of the Performance Period.

• On the Committee Meeting Date immediately following the Performance Period, the Committee shall (i) determine whether and, where applicable, the degree to which the Performance Criteria for the Performance Period have been satisfied and constitute Achieved Performance Criteria and (ii) based on the Achieved Performance Criteria, determine the number of Eligible PSUs.

• If Participant does not return to active employment immediately following such Unpaid Leave of Absence in which the Vesting Date occurs, then all unvested PSUs, regardless of whether such PSUs are or are not Eligible PSUs, shall be forfeited and cancelled upon the last day of such Unpaid Leave of Absence.

• Whether any Eligible PSUs vest shall be determined by using the performance criteria contained in the applicable Performance Award Agreement, whereby the Termination date shall be treated as the Closing Date for purposes of calculating whether the applicable performance metrics have been achieved.

• In no event shall the number of Eligible PSUs exceed 200% of the number of Granted PSUs. All Eligible PSUs shall vest on the later of the third anniversary of the Grant Date or the date of the Committee’s determination of the degree to which the Performance Goals have been satisfied (the “Vesting Date”).

• Eligible PSUs shall not be treated as though there has been a Change in Control pursuant to the Performance Award Agreement, but rather only the formula for determining what percentage of PSUs qualify for vesting upon a Change in Control shall be used to determine what percentage, if any, of the Eligible PSUs shall vest on the Termination date.

More Definitions of Eligible PSUs

Eligible PSUs means, in respect of a grant of PSUs under this Plan, those PSUs that are determined by the Committee as being eligible to vest on the Vesting Date pursuant to Sections 7 and 8, based upon the Corporation’s achievement of the Performance Criteria in respect of a particular Performance Period, as set out in the applicable, Grant Agreement.

Eligible PSUs means, in respect of a grant of PSUs under this Plan,

Eligible PSUs means those Company restricted stock unit awards held by the Retiring Employee which are: (i) granted on or after the Effective Date, (ii) granted at least six (6) months prior to the date of the Retirement Benefit Request, and (iii) eligible to vest contingent upon the achievement of performance goals and the continued employment of the Retiring Employee.

Eligible PSUs means Intel performance-based restricted stock units or performance stock units awarded to a Participant (i) as part of the Participant’s annual long-term incentive equity awards under an Equity Plan that were granted to the Participant (A) after the Participant’s Eligibility Date and (B) more than one year prior to the Participant’s Date of Termination, or (ii) as Make-Whole Awards that were granted to the Participant after the Participant’s Eligibility Date, unless excluded in accordance with the requirements of the last sentence of Section 5(a) of this Plan.