Common use of Performance Periods Clause in Contracts

Performance Periods. The Performance RSUs shall have three annual performance periods as follows: Annual Performance Period #1: One (1) calendar year starting on the Grant Date Annual Performance Period #2: One (1) calendar year immediately following Annual Performance Period #1 Annual Performance Period #3: One (1) calendar year immediately following Annual Performance Period #2 • Example: If the Grant Date is November 30, 2020 then Annual Performance Period #1 would run from November 30, 2020 through November 29, 2021 and Annual Performance Period #2 would run from November 30, 2021 through November 29, 2022.

Appears in 2 contracts

Sources: Performance Restricted Stock Unit Award Agreement (Mitek Systems Inc), Performance Restricted Stock Unit Award Agreement (Mitek Systems Inc)

Performance Periods. The Performance RSUs shall have three annual performance periods as follows: Annual Performance Period #1: One (1) calendar year starting on the Grant Date Annual Performance Period #2: One (1) calendar year immediately following Annual Performance Period #1 Annual Performance Period #3: One (1) calendar year immediately following Annual Performance Period #2 • Example: If the Grant Date is November 30, 2020 2024 then Annual Performance Period #1 would run from November 30, 2020 2024 through November 29, 2021 2025 and Annual Performance Period #2 would run from November 30, 2021 2025 through November 29, 20222026.

Appears in 1 contract

Sources: Inducement Performance Restricted Stock Unit Award Agreement (Mitek Systems Inc)

Performance Periods. The Performance RSUs shall have three annual performance periods as follows: Annual Performance Period #1: One (1) calendar year starting on the Grant Date Annual Performance Period #2: One (1) calendar year immediately following Annual Performance Period #1 Annual Performance Period #3: One (1) calendar year immediately following Annual Performance Period #2 • Example: If the Grant Date is November 30April 25, 2020 2025 then Annual Performance Period #1 would run from November 30April 25, 2020 2025 through November 29April 24, 2021 2026 and Annual Performance Period #2 would run from November 30April 25, 2021 2026 through November 29April 24, 20222027.

Appears in 1 contract

Sources: Inducement Performance Restricted Stock Unit Award Agreement (Mitek Systems Inc)