Common use of Unearned Portion of Maximum Award Value Forfeited Clause in Contracts

Unearned Portion of Maximum Award Value Forfeited. Any portion of the Maximum Award Value which is not earned based on actual performance during the Performance Period shall be forfeited as of the last day of the Performance Period.

Appears in 2 contracts

Sources: Outperformance Award Agreement (Invitation Homes Inc.), Outperformance Award Agreement (Invitation Homes Inc.)