Vesting and Payment. Performance units representing your Final Award will not vest until the January 31 following the expiration of the Performance Period (the “Vesting Period”).
Appears in 9 contracts
Sources: Target Performance Unit Grant Agreement (Knight-Swift Transportation Holdings Inc.), Target Performance Unit Grant Agreement (Knight-Swift Transportation Holdings Inc.), Performance Unit Grant Agreement (Knight-Swift Transportation Holdings Inc.)
Vesting and Payment. Performance units representing your Final Award will not vest until the January 31 following the expiration of the Performance Period (the “Vesting Period”). Following the Vesting Date, you will receive a cash payment equal to the number of shares representing the Final Award multiplied by the fair market value of the Stock on the Vesting Date, as determined in accordance with Section 6 of this Agreement (the “Final Award Payment”).
Appears in 2 contracts
Sources: Performance Unit Grant Agreement (Knight-Swift Transportation Holdings Inc.), Relative Performance Unit Officer Grant Agreement (Knight-Swift Transportation Holdings Inc.)