Common use of Certification Date Clause in Contracts

Certification Date. Subject to the Participant’s not incurring a Termination of Employment prior to the Certification Date and subsequent Vesting Dates (each as defined below) (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the achievement of the Performance Goal with respect to the Company’s fiscal year beginning on [PERFORMANCE PERIOD BEGINNING DATE] and ending on [PERFORMANCE PERIOD END DATE] (the “Performance Period”), the Participant shall earn the right to receive one share of Common Stock for each Performance Share following the Performance Period reflecting the attainment of the Performance Goal (“Awarded Shares”) during the Performance Period, subject to the Participant meeting the service-based vesting requirements of Section 5. The Committee shall certify the achievement of the Performance Goal no earlier than [EARLIEST CERTIFICATION DATE] and on or before [LATEST CERTIFICATION DATE] (the date of such certification the “Certification Date”). If on the Certification Date the Committee determines and certifies that the Performance Goal has not been achieved, then the Performance Shares shall be forfeited on the Certification Date.

Appears in 2 contracts

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

Certification Date. Subject to the Participant’s not incurring a Termination of Employment prior to the Certification Date and subsequent Vesting Dates (each as defined below) (except as otherwise specifically set forth in this Agreement), upon the Committee determining and certifying the achievement of the Performance Goal with respect to the Company’s fiscal year beginning on [PERFORMANCE PERIOD BEGINNING DATE] and ending on [PERFORMANCE PERIOD END ENDING DATE] (the “Performance Period”), the Participant shall earn the right to receive one share of Common Stock for each Performance Share following the Performance Period reflecting the attainment of the Performance Goal (“Awarded Shares”) during the Performance Period, subject to the Participant meeting the service-based vesting requirements of Section 54. The Committee shall certify the achievement of the Performance Goal no earlier than [EARLIEST CERTIFICATION DATE] and on or before [LATEST CERTIFICATION DATE] (the date of such certification the “Certification Date”). If on the Certification Date the Committee determines and certifies that the Performance Goal has not been achieved, then the Performance Shares shall be forfeited on the Certification Date.

Appears in 1 contract

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