Common use of Number of Restricted Share Units Clause in Contracts

Number of Restricted Share Units. [·] Restricted Share Units (the “RSUs” or “Restricted Share Units”), if 100% of the Performance Condition (as defined below) is satisfied (the “Target RSUs”) Grant Date [·] (the “Grant Date”) Vesting Subject to Section 3 of Attachment A, the RSUs shall vest to the extent that both the applicable “Service Condition” and the applicable “Performance Condition” (as such terms are defined below) with respect to such RSUs are satisfied. Service Condition Subject to Section 3 of Attachment A, the “Service Condition” shall be satisfied [insert applicable date(s)], in each case if the Participant does not experience a Termination of Service at any time prior to [such] [the applicable] date. Performance Condition Subject to Section 3 of Attachment A, the “Performance Condition” shall be deemed satisfied with respect to between 0% and 200% of the RSUs based on attainment of Relative TSR as of the End Date as detailed in Attachment B. ▇▇▇▇▇ to: [Full name]

Appears in 2 contracts

Sources: Rsu Award Agreement (Kosmos Energy Ltd.), Rsu Award Agreement (Kosmos Energy Ltd.)

Number of Restricted Share Units. [·] Restricted Share Units (the “RSUs” or “Restricted Share Units”), if 100% of the Performance Condition (as defined below) is satisfied (the “Target RSUs”) Grant Date [·Insert date] (the “Grant Date”) Vesting Subject to Section 3 of Attachment A, the RSUs shall vest to the extent that both the applicable “Service Condition” and the applicable “Performance Condition” (as such terms are defined below) with respect to such RSUs are satisfied. Service Condition Subject to Section 3 of Attachment A, the “Service Condition” shall be satisfied with respect to [insert applicable date(s)vesting portion and vesting schedule], in each case if the Participant does not experience a Termination of Service at any time prior to [such] [the applicable] applicable vesting date. Performance Condition Subject to Section 3 of Attachment A, the “Performance Condition” shall be deemed satisfied with respect to between 0[·]% and 200[·]% of the RSUs based on attainment of Relative TSR as of the End Date [insert date], as detailed in Attachment B. ▇▇▇▇▇ to: [Full name]

Appears in 1 contract

Sources: Rsu Award Agreement (Kosmos Energy Ltd.)