Common use of Performance Vesting Clause in Contracts

Performance Vesting. G▇▇▇▇▇▇'s aggregate vested interest in the Performance RSU Award based on the Company's level of performance with respect to each performance measure is set forth in Appendix B, subject to the following provisions: (1) If actual results for a performance measure are between the threshold and target levels of performance, vesting with respect to that performance measure will be interpolated to reflect the performance between threshold and target. (2) If actual results for a performance measure are between the target and maximum levels of performance, vesting with respect to that performance measure will equal the target vesting plus additional vesting interpolated to reflect performance between target and maximum. (3) If actual results for a performance measure are at or below the threshold level of performance, the Grantee will not earn any vested interest in the Performance RSU Award with respect to that performance measure. If actual results for a performance measure exceed the maximum level of performance, no additional vested Performance RSU Award will be earned in excess of maximum amounts set forth in Appendix B.

Appears in 5 contracts

Sources: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

Performance Vesting. G▇▇▇▇▇▇Grantee's aggregate vested interest in the Performance RSU Award based on the Company's level of performance with respect to each performance measure is set forth in Appendix B, subject to the following provisions: (1) If actual results for a performance measure are between the threshold and target levels of performance, vesting with respect to that performance measure will be interpolated to reflect the performance between threshold and target. (2) If actual results for a performance measure are between the target and maximum levels of performance, vesting with respect to that performance measure will equal the target vesting plus additional vesting interpolated to reflect performance between target and maximum. (3) If actual results for a performance measure are at or below the threshold level of performance, the Grantee will not earn any vested interest in the Performance RSU Award with respect to that performance measure. If actual results for a performance measure exceed the maximum level of performance, no additional vested Performance RSU Award will be earned in excess of maximum amounts set forth in Appendix B.

Appears in 3 contracts

Sources: Performance Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/), Performance Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/), Performance Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/)