Performance Restricted Stock Units. The total number of PRSUs subject to this Award will be determined in a range of 0% to 200% of the Target Amount, subject to the terms and conditions set forth below. Twenty-five percent (25%) of the Target Award (each such 25% portion, a “Tranche”) shall be eligible to be earned in respect of each Performance Period based on achievement of the applicable Performance Goal for such period. The earned PRSUs shall vest on the Vesting Date specified above, subject to the continued employment of the Employee by the Company or any Subsidiary thereof through the Vesting Date, except as otherwise set forth in the Agreement.
Appears in 2 contracts
Sources: Employee Performance Restricted Stock Unit Agreement (Univar Inc.), Employee Performance Restricted Stock Unit Agreement (Univar Inc.)