Examples of Third Performance Period in a sentence
Except as set forth in Section 1(d)(iv), the delivery date for shares of Common Stock with respect to RSUs earned subject to this Agreement shall be as soon as practicable after the Third Performance Period ends, but in no event later than December 31 of the calendar year in which such fiscal year ends.
Such transfer will occur as soon as practicable after the Committee has approved the Company’s TSR Percentile for the Third Performance Period on or following January 1, 2015, provided that in no event shall the transfer be made after March 15, 2015, unless administratively impracticable to do so.
Finally, if the Performance Percentage is less than 100% for the First or Second Performance Period, effective as of the Third Certification Date, you shall earn a number of Banked Units determined by multiplying the total number of PSUs by the difference, if any, by which the Performance Percentage for the Third Performance Period was greater than the Performance Percentage for the First and Second Performance Periods.
If the Performance Percentage is equal to 100% as of the end of the Third Performance Period, all of the remaining unearned PSUs shall become Banked Units.
Such payment will be made as soon as practicable after the Committee has approved the Company’s TSR Percentile for the Third Performance Period on or following January 1, 2015, provided that in no event shall the payment be made after March 15, 2015, unless administratively impracticable to do so.