Earned RSUs Clause Samples

Earned RSUs. (a) Subject to paragraph 1(d) below, one third of the Target Number of Performance Based RSUs may be earned during the 2019 fiscal year (“Tranche 1”), the twenty-four month period beginning on January 1, 2019 (“Tranche 2”) and the thirty-six month period beginning on January 1, 2019 (“Tranche 3”) (each, a “Tranche” and collective, the “Tranches”). (b) The number of RSUs earned during each Tranche shall be based fifty percent on the Company’s Adjusted Free Cash Flow (“Adjusted FCF”) and Adjusted Operating Margin (“Adjusted OM” or “AOM”) for the period of time corresponding to that Tranche.
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Earned RSUs. (a) The actual number of RSUs earned shall be determined by the level of achievement of the Company’s goal for Adjusted Return on Invested Capital (“ROIC”) and Adjusted Operating Margin (“AOM”) for the 2015 Fiscal Year the (“Performance Period”). Fifty percent of the Target Performance Based Award will be based on the Performance Period ending ROIC (“ROIC Portion”) and fifty percent will be based on the Performance Period ending AOM (“AOM Portion”) and determined as follows: (b) ROIC Portion
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Earned RSUs. On 1/15 and 2/15, Employee vests in ▇▇▇ ▇▇▇▇ on each regularly scheduled vesting date without condition of release or restriction on sale (except as set forth in the Verisign Stock Retention Policy) because Employee remained employed through the scheduled vesting date.
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Earned RSUs. Notwithstanding any provision to the contrary herein, if the Participant’s employment is terminated by the Company prior to but on account of a Change in Control (as determined in the sole discretion of the Committee) and the Participant becomes eligible for severance benefits pursuant to Section 6 of the 2009 Officer Severance Plan by reason of such termination, any Earned RSUs that are then unvested shall be subject to acceleration as provided in the 2009 Officer Severance Plan (i.e., all such Earned RSUs shall vest on the termination date). Unearned RSUs. If any such termination occurs prior to Committee Certification, then notwithstanding anything to the contrary herein or in the Plan and solely for purposes of this RSU Award, the Participant shall continue to be deemed an Employee and the unearned RSUs shall remain eligible to be earned either pursuant to Committee Certification or pursuant to a Change in Control (as described in the first sentence of Section 6(a) above). In the event and to the extent the unearned RSUs become Earned RSUs, the Earned RSUs shall immediately become fully vested, and the Shares covered thereby shall automatically be issued and delivered to the Participant on or about the date on which they are earned, provided such issuance occurs within 2½ months after the close of the calendar year in which the Participant’s termination date occurred. In the event such RSUs become earned as provided in the preceding sentence, the Participant thereafter shall not have any right to earn any additional RSUs under this RSU Award. Notwithstanding anything herein to the contrary, all unearned RSUs shall automatically be cancelled and forfeited for no value on the earlier to occur of (i) the date of Committee Certification, if the Threshold Objective is not met or (ii) the date that is 2½ months after the close of the calendar year in which the Participant’s termination occurs.
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Earned RSUs. If the Company achieves in excess of the Threshold Objective (as defined in Exhibit A and as set forth in Exhibit B) for the Performance Period, then the RSUs will become earned and subject to vesting based on the extent to which the Target Objective (as defined in Exhibit A and as set forth in Exhibit B) has been achieved, provided you remain an Employee of the Company from the date hereof through the date on which the Committee completes the confirmation and certification process as described below. The number of RSUs that become earned and subject to vesting (“Earned RSUs”) will be determined by multiplying (i) the Percentage of Target RSUs earned, as determined in accordance with Exhibit B, by (ii) the number of Target RSUs set forth above. If the calculation of the number of Earned RSUs eligible for vesting results in a fractional number of RSUs, then the number of Earned RSUs eligible for vesting will be rounded down to the nearest whole number.
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Earned RSUs. (a) The actual number of RSUs earned shall be determined by the level of achievement of the Company’s goal for Adjusted Return on Invested Capital (“ROIC”) and Adjusted Operating Margin (“AOM”) for the 2015 Fiscal Year the (“Performance Period”). Fifty percent of the Target Performance Based Award will be based on the Performance Period ending ROIC (“ROIC Portion”) and fifty percent will be based on the Performance Period ending AOM (“AOM Portion”) and determined as follows: (b) ROIC Portion ROIC Earned RSUs = ROIC Payout Percentage x Target Performance Based Award x 50% The ROIC Portion “Payout Percentage” shall be determined based on the table below: Performance Level FY 2015 Ending ROIC ROIC Payout Percentage Threshold 11.2% 0.1% Target 12.0% 100% Maximum 12.9% 200% No payout will be made if the Performance Period ending ROIC is below 11.2%. No payout will be made in excess of 200% under any circumstances. The Payout Percentage at performance levels between threshold and target and between target and maximum will be interpolated on a straight-line basis. (c) AOM Portion AOM Earned RSUs = AOM Payout Percentage x Target Performance Based Award x 50% The AOM Portion “Payout Percentage” shall be determined based on the table below: Performance Level FY 2015 Ending AOM AOM Payout Percentage Threshold 7.7 % 0.1 % Target 8.7 % 100 % Maximum 9.7 % 200 % No payout will be made if the Performance Period ending ROIC is below 7.7%. No payout will be made in excess of 200% under any circumstances. The Payout Percentage at performance levels between threshold and target and between target and maximum will be interpolated on a straight-line basis. (d) FY 2015 ending ROIC and AOM are subject to the discretion of Compensation Committee review for one-time adjustments for certain extraordinary items, such as impact of material acquisitions (i.e. greater than 10% of CIRCOR assets) or divestitures, impairment of goodwill, non-recurring special items and impact of restructuring charges.
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Earned RSUs. [Insert performance goals and threshold, target and maximum payout percentages for indicated “Performance Period”]
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Related to Earned RSUs

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents: (A) any provisions in such Original RSU Award Documents relating to disability shall not be applicable to any such Continuing Stock Units after the Termination Date; and (B) in the event of Executive’s death after the Termination Date but prior to the Scheduled Expiration Date, the terms and provisions of the Original RSU Award Documents shall be interpreted and applied in the same manner with respect to such Continuing Stock Units as if Executive were an active employee on the date of Executive’s death. (C) to the extent that, under the Company’s compensation practices and policies, any tranche of Continuing Stock Units is subject to the achievement of performance conditions which were imposed solely because Executive was an executive officer of the Company who could have been a covered employee within the meaning of Section 162(m) at the time payment in respect of such award was expected to be made (the “Applicable 162(m) Criteria”) and such Applicable 162(m) Criteria relate, in whole or in part, to any performance period continuing after the end of the Company’s fiscal year in which the Termination Date occurs, such Applicable 162(m) Criteria shall be waived as of the Termination Date with respect to such tranche of the Continuing Stock Units; provided, however, that this Paragraph 5(d)(iii)(C) shall not be applicable if and to the extent, in the reasonable opinion of tax counsel to the Company, the presence of such provision would cause any stock units intended to be qualified as other performance based compensation within the meaning of Section 162(m) of the Code to fail to be so qualified at any time prior to Executive’s Termination Date.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.