Common use of Performance Determination Clause in Contracts

Performance Determination. Unless otherwise determined by the Committee, in the event of a Change in Control prior to the end of the Performance Period, the Committee shall, in its sole discretion, adjust the performance goals set forth in Schedule A to account for a shortened performance period through the date of the Change in Control and determine the Earned Units based on actual performance against such adjusted goals through the date of the Change in Control (such Units, the “CIC Earned Units”).

Appears in 2 contracts

Sources: Performance Share Unit Award Agreement (Orion S.A.), Performance Share Unit Award Agreement (Orion Engineered Carbons S.A.)