Common use of Character Clause in Contracts

Character. Each Performance Unit shall entitle the recipient to the value of a specified number of shares of Stock, over the initial value for such number of shares, if any, established by the Committee at the time of grant, at the close of a specified Performance Period to the extent specified Performance Goals shall have been achieved.

Appears in 8 contracts

Sources: Stock Option Agreement (Netlist Inc), Stock Option Agreement (Netlist Inc), Stock Option Agreement (Netlist Inc)

Character. Each Performance Unit shall entitle the recipient to the value of a specified number of shares of Stock, over the initial value for such number of shares, if any, established by the Committee at the time of grant, at the close of a specified Performance Period to the extent specified business objectives, including but not limited to Performance Goals Goals, shall have been achieved.

Appears in 2 contracts

Sources: Stock Option Agreement (Protara Therapeutics, Inc.), Stock Option Agreement (Radius Health, Inc.)