Award of Performance Restricted Stock Units. Pursuant and subject to the Company’s Amended and Restated 2013 Equity Incentive Plan (as the same may be amended from time to time, the “Plan”), the Company grants the Recipient an award (the “Award”) for ______ performance restricted stock units (“PRSUs”), each constituting the right on the terms and conditions set forth herein to a share of the Company’s common stock, par value $0.01 per share (the “Target Shares”), subject to upward or downward adjustment upon the determination of a Final Award (as defined in Section 3 below) (such Target Shares, as so adjusted, the “Shares”).
Appears in 3 contracts
Sources: Performance Restricted Stock Unit Award Agreement (Somnigroup International Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)