Common use of Certification Date Clause in Contracts

Certification Date. Subject to the Participant’s not incurring a Termination of Employment prior to the Final Certification Date (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the achievement of the Applicable Performance Goals on each of the applicable Annual Certification Dates with respect to the performance period beginning on [FULL PERFORMANCE PERIOD] (the “Full Three-Year Performance Period”), the performance period commencing on [FIRST APPLICABLE PERFORMANCE PERIOD], or the performance period beginning on [SECOND APPLICABLE PERFORMANCE PERIOD] (each an “Applicable Performance Period”), the Participant shall have the right to receive one share of Common Stock for each Performance Share earned based on the level of attainment of the applicable Performance Goals for the Applicable Performance Period in accordance with Appendix A (“Earned Shares”) during the Applicable Performance Period, subject to the Participant remaining employed through the applicable Annual Certification Date, except as otherwise provided in Section 3. The Committee shall certify the level of achievement of each of the Performance Goals no later than seventy-five (75) days following the end of the Applicable Performance Period (the date of each such certification the “Annual Certification Date”, and the date of the Annual Certification Date following the Full Three-Year Performance Period, the “Final Certification Date”), at which time a number of Earned Shares calculated in accordance with this Section 2 and Appendix A hereto shall become earned. All Performance Shares that do not become Earned Shares following the Committee’s certification on the Final Certification Date under the terms hereof shall be forfeited on such Final Certification Date.

Appears in 1 contract

Sources: Long Term Performance Share Award Agreement (Comtech Telecommunications Corp /De/)

Certification Date. Subject to the Participant’s not incurring a Termination termination of Employment employment or service prior to the Final Certification Date (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the achievement of the Applicable Performance Goals Measures on each of the applicable Annual Certification Dates with respect to the performance period beginning on [FULL PERFORMANCE PERIOD●] and ending on [●] (the “Full Three-Year Performance Period”), the performance period commencing beginning on [FIRST APPLICABLE PERFORMANCE PERIOD]●] and ending on [●] (the “First Applicable Performance Period”), or the performance period beginning on [SECOND APPLICABLE PERFORMANCE PERIOD●] and ending on [●] (the “Second Applicable Performance Period,” and together with the Full Three-Year Performance Period and the First Applicable Performance Period, each an “Applicable Performance Period”), the Participant shall have the right to receive an amount equal to the Fair Market Value of one share of Common Stock as of the business day immediately prior to the Final Certification Date for each Performance Share Unit earned based on the level of attainment of the applicable Performance Goals Measures for the Applicable Performance Period in accordance with Appendix A (such earned Performance Units, the “Earned SharesUnits”) during the Applicable Performance Period, subject to the Participant remaining employed through the applicable Annual Certification Date, except as otherwise provided in Section 3. The Committee shall certify the level of achievement of each of the Performance Goals Measures no later than seventy-five the fifteenth (7515th) days day of the third month following the end of the Applicable Performance Period (the date of each such certification the “Annual Certification Date”, and the date of the Annual Certification Date following the Full Three-Year Performance Period, the “Final Certification Date”), at which time a number of Earned Shares calculated in accordance with this Section 2 and Appendix A hereto shall become earned. All Performance Shares Units that do not become Earned Shares Units following the Committee’s certification on the Final Certification Date under the terms hereof shall be forfeited on such Final Certification Date.

Appears in 1 contract

Sources: Cash Settled Performance Award Agreement (Comtech Telecommunications Corp /De/)

Certification Date. Subject to the Participant’s not incurring a Termination termination of Employment employment or service prior to the Final Certification Date (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the achievement of the Applicable Performance Goals Measures on each of the applicable Annual Certification Dates with respect to the performance period beginning on [FULL PERFORMANCE PERIOD●] and ending on [●] (the “Full Three-Year Performance Period”), the performance period commencing beginning on [FIRST APPLICABLE PERFORMANCE PERIOD]●] and ending on [●] (the “First Applicable Performance Period”), or the performance period beginning on [SECOND APPLICABLE PERFORMANCE PERIOD●] and ending on [●] (the “Second Applicable Performance Period,” and together with the Full Three-Year Performance Period and the First Applicable Performance Period, each an “Applicable Performance Period”), the Participant shall have the right to receive one share of Common Stock for each Performance Share earned based on the level of attainment of the applicable Performance Goals Measures for the Applicable Performance Period in accordance with Appendix A (“Earned Shares”) during the Applicable Performance Period, subject to the Participant remaining employed through the applicable Annual Certification Date, except as otherwise provided in Section 3. The Committee shall certify the level of achievement of each of the Performance Goals Measures no later than seventy-five the fifteenth (7515th) days day of the third month following the end of the Applicable Performance Period (the date of each such certification the “Annual Certification Date”, and the date of the Annual Certification Date following the Full Three-Year Performance Period, the “Final Certification Date”), at which time a number of Earned Shares calculated in accordance with this Section 2 and Appendix A hereto shall become earned. All Performance Shares that do not become Earned Shares following the Committee’s certification on the Final Certification Date under the terms hereof shall be forfeited on such Final Certification Date.

Appears in 1 contract

Sources: Long Term Performance Award Agreement (Comtech Telecommunications Corp /De/)