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Common use of Cancellation of Performance Units Clause in Contracts

Cancellation of Performance Units. On the date set forth in the Award Agreement, all unearned or unvested Performance Units shall be forfeited to the Company, and again shall be available for grant under the Plan.

Appears in 10 contracts

Sources: Equity Incentive Plan (Informatica Corp), Equity Incentive Plan (Polycom Inc), 2007 Stock Incentive Plan (Epicor Software Corp)

Related Clauses

  • Grant of Performance Units
  • Grant of Performance Share Units
  • Grant of Performance Shares
  • Grant of Performance Stock Units
  • Appropriation of Performance Security

Parent Clauses

  • Performance Units
  • Return of Restricted Stock to Company
  • Purpose of the Plan
  • Restricted Stock

Sub-Clauses

  • General Performance Objectives or Vesting Criteria
  • Form and Timing of Payment of Performance Shares
  • Section 162(m) Performance Objectives
  • Earning of Performance Shares
  • Performance Share Agreement
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