Common use of Grant of PSU Award Clause in Contracts

Grant of PSU Award. Subject to the terms and conditions of the Plan and this Agreement, including any country-specific terms set forth in Exhibit A to this Agreement, the Company hereby grants to the Participant an PSU Award for the number of PSUs set forth above under “PSU Award,” it being understood that, pursuant to the Plan, each such PSU shall relate to a single share of Common Stock.

Appears in 3 contracts

Sources: Performance Stock Unit Award Agreement (Nextracker Inc.), Performance Stock Unit Award Agreement (Nextracker Inc.), Performance Stock Unit Award Agreement (Nextracker Inc.)