Common use of During Performance Period Clause in Contracts

During Performance Period. If Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary prior to the First Vesting Date, then Grantee will Vest immediately on the date of such death or the date that Grantee is determined to be permanently disabled in the number of PRSUs that have been earned based on the actual achievement of the Performance Metrics in accordance with the terms and conditions of Section 3 through the date of such death or determination of permanent disability (or through the date of any applicable earlier Change in Control in accordance with Section 3(b)).

Appears in 2 contracts

Sources: Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.)