PSU Award definition

PSU Award means (i) when immediately preceded by “Merck,” a performance share unit award granted pursuant to a Merck Stock Program and outstanding immediately prior to the Distribution Date; (ii) when immediately preceded by “Adjusted Merck,” a performance share unit award granted pursuant to a Merck Stock Program adjusted in accordance with Section 6.01; and (iii) when immediately preceded by “Organon,” a performance share unit award granted by Organon in accordance with Section 6.01.

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PSU Award means an award under the Plan designated as a “PSU Award”, pursuant to which a payment shall be made to the Grantee on the applicable PSU Payment Date, determined subject to and in accordance with the terms and conditions of the Plan;

PSU Award means an award under the Plan designated as a “PSU Award”, pursuant to which a cash payment shall be made or Shares shall be issued to the Grantee on the applicable Payment Date(s), determined subject to and in accordance with the terms and conditions of the Plan and which shall, unless otherwise determined by the Administrator, initially represent one notional Share;

Examples of PSU Award in a sentence

• DB1/ 156421375.4 Form of PSU Award Agreement under the 2025 EIP B-1 #12701235v2 Exhibit B Illustration of Hypothetical Performance Unit Award Calculation Performance Period January 1, 2025 – December 31, 2027 The illustrations below assume that 500 Performance Units are awarded to Grantee in February 2025.

• In the absence of a signed acceptance, ▇▇▇▇▇▇▇ will be deemed to have accepted this Award on the Grant DB1/ 156421375.4 Form of PSU Award Agreement under the 2025 EIP 8 #12701235v2 Date, and all its associated terms and conditions, including the mandatory claims and arbitration procedures, unless Grantee notifies Company of Grantee’s non-acceptance of the Award by contacting the stock plan administrator, in writing within 60 days of the Grant Date.

More Definitions of PSU Award

PSU Award is defined in Section 6.18.

PSU Award means when immediately preceded by “Chicago,” an award of performance share units relating to shares of Chicago Common Stock granted under the Chicago Stock Plan.

PSU Award means a contingent right to acquire Shares pursuant to the Plan subject to the achievement of a Performance Target;

PSU Award means (i) when immediately preceded by “Baxter,” a performance share unit award granted pursuant to a Baxter Stock Program and outstanding immediately prior to the Distribution Date; (ii) when immediately preceded by “Adjusted Baxter,” a performance share unit award granted pursuant to a Baxter Stock Program adjusted in accordance with Section 6.01; and (iii) when immediately preceded by “Baxalta,” a performance share unit award granted by Baxalta in accordance with Section 6.01.

PSU Award granted to the Participant on the Grant Date as evidenced by the Performance Share Unit Award Agreement between the Company and the Participant (the “Agreement”). Capitalized terms used in this Statement that are not specifically defined in this Statement have the meanings assigned to them in the Agreement or in the Plan, as applicable.

PSU Award means any restricted stock units subject to performance vesting outstanding under the Company Stock Plan.

PSU Award means any restricted stock unit award granted by the Company to a Participant and which is Performance-Based Compensation.