Examples of Performance Period 2 in a sentence
If the Fund then under-performs the Benchmark in Performance Period 2, no performance fee is paid for that Performance Period.
Once approved, this Plan shall continue until the earlier of: 1) the end of the Performance Period, 2) termination of the Plan as described in the “Amendment and Termination Provisions” section below, or 3) termination of Participant from the Company’s employ, with respect to that Participant.
Awards are earned based on the Relative TSR in each of the 1 Year TSR Performance Period, 2 Year Relative TSR Performance Period and 3 Year Relative TSR Performance Period.
The performance periods for the second tranche and the third tranche of Performance-Vesting RSUs shall be April 1, 2021 through March 31, 2022 (“Performance Period #2”) and April 1, 2022 through March 31, 2023 (“Performance Period #3,” and each of Performance Period #1, Performance Period #2, and Performance Period #3, a “Performance Period”), respectively.
The number of Performance RSUs earned in respect of Performance Period 2 will be equal to the number of Performance RSUs earned according to the Performance Grid, minus any gross Performance RSUs earned in respect of Performance Period 1 (including any Performance RSUs subject to an additional year of time-based vesting).