Common use of Determination of Number of Vested Stock Units Clause in Contracts

Determination of Number of Vested Stock Units. On or prior to the last day of February in each of 2009 and 2010, the Committee shall determine the Annual Performance Factor for the immediately preceding fiscal year, in accordance with Exhibit A and the Plan. As soon as practicable after the Vesting Date, the Committee shall determine the Annual Performance Factor for the 2010 fiscal year and shall determine the Final Performance Factor, in accordance with Exhibit A and the Plan. The Final Performance Factor, as so determined by the Committee, shall be multiplied by the total number of Stock Units comprising this Award to determine the number of Stock Units that have become vested as of the Vesting Date. In the case of an Early Vesting Date, the number of vested Stock Units shall be as provided in Section 7.

Appears in 1 contract

Sources: Performance Stock Unit Award Agreement (Directv Group Inc)

Determination of Number of Vested Stock Units. On or prior to the last day of February in each of 2009 2011 and 20102012, the Committee shall determine the Annual Performance Factor for the immediately preceding fiscal year, in accordance with Exhibit A and the Plan. As soon as practicable after the Vesting Date, the Committee shall determine the Annual Performance Factor for the 2010 2012 fiscal year and shall determine the Final Performance Factor, in accordance with Exhibit A and the Plan. The Final Performance Factor, as so determined by the Committee, shall be multiplied by the total number of Stock Units comprising this Award to determine the number of Stock Units that have become vested as of the Vesting Date. In the case of an Early Vesting Date, the number of vested Stock Units shall be as provided in Section 7.

Appears in 1 contract

Sources: Performance Stock Unit Award Agreement (Directv)