Vesting of Performance Sample Clauses

The "Vesting of Performance" clause defines when and how a party's rights or benefits under a contract become fully established or irrevocable, typically based on the achievement of certain milestones or performance criteria. In practice, this clause might specify that an employee earns stock options only after meeting specific targets or that a contractor receives payment upon completion of defined project phases. Its core function is to ensure that benefits or entitlements are only granted once agreed-upon conditions are met, thereby aligning incentives and protecting both parties from premature or unearned claims.
Vesting of Performance. Based Equity Awards Based on Actual Performance upon Change of Control. Provided that Employee remains continuously employed by Parsley from the date of grant of the award through the date that is immediately prior to the occurrence of a Change of Control, then upon the occurrence of a Change of Control, each grant of performance-based equity awards outstanding shall immediately vest based on the actual achievement of the applicable performance conditions, as determined by the Compensation Committee in its sole discretion, measured from the first day of the applicable performance period through the date immediately prior to the Change of Control. Such awards shall be settled no later than thirty (30) days following the Change of Control. For the avoidance of doubt, no time-based equity awards shall vest as a result of this Section 1.20. 6. The following shall be added as a new Section 1.21:
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Vesting of Performance. Based EPS RSUs. Subject to Section 3 hereof, provided Grantee is continuously employed with the Company or a Subsidiary from the Date of Grant through the Date of Vesting, inclusive (the “Restriction Period”), in Grantee’s present position or in such other position that, as the Committee may determine, entitles Grantee to retain the rights under this grant (each such position being hereinafter referred to as a “Participating Position”), a percentage ranging from 0% to 200% of the Target EPS RSUs shall become nonforfeitable (“Vested,” “Vested RSUs” or similar terms) in accordance with the relative level of achievement of the Management Objective set forth below (the “Vesting Percentage”) and shall be settled in accordance with the terms of Section 4 hereof. The determination of the Vesting Percentage shall be made after such time as the Committee has obtained the information, made the decisions, and completed the calculations necessary to make such determination. The Vesting Percentage is based upon the Company’s Earnings Per Share (“Cumulative EPS”) during the three-year period ending on December 31 of the most recently completed fiscal year prior to the Date of Vesting (the “Measurement Period”), as determined in accordance with the following table: When the Cumulative EPS results during the Measurement Period fall between the table values, straight-line mathematical interpolation will be used to determine the Vesting Percentage calculated to the nearest hundredth of a percentage. The manner in which the Committee will determine Cumulative EPS during the Measurement Period is set forth on Exhibit A attached hereto, subject to terms set by and on file with the Committee.
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Vesting of Performance. Based RSUs. With respect to sixty percent (60%) of your Award covering ___ Shares, (“Performance-Based RSUs”), such RSUs will vest on _______________ (“Vesting Date”) in an amount, if any, based on the achievement of the performance goals set forth in Section 2.b.(i)-(iv) below, provided you remain employed or a member of the Board of Directors of ▇▇▇▇ through the Vesting Date. Any Performance-Based RSUs which do not become vested because of the failure to achieve these performance goals for the i. The percentage of Performance-Based RSUs shall vest based on achievement of earnings per share (“EPS”) and return on equity (“▇▇▇”) goals over the Performance Period described below, as indicated in the table below. Each factor will be weighted 50% in determining the total percentage of RSUs earned. Performance Period: Beginning ____________________ (Three Years) Ending ____________________ 50% Threshold 100% Target 150% Maximum Earnings per Share (EPS) $____ $____ $____ Return on Equity (▇▇▇) __% __% __% ii. The percentage earned related to EPS goals shall be determined based on the cumulative EPS for the 3 year Performance Period. 100% will be earned if the Company achieves target performance, 50% shall be earned if the Company achieves threshold performance and a maximum of 150% of the RSUs shall be earned if the Company achieves maximum or better performance. Performance that falls between threshold and target or target and maximum performance shall be interpolated between the respective percentages. Any performance that falls below threshold will result in 0% earned attributable to EPS performance. iii. The percentage earned related to ▇▇▇ goals shall be based on the average ▇▇▇ measured by calculating the average of each of the calendar year’s annual average ▇▇▇ calculations over the 3 year Performance Period. 100% will be earned if the Company achieves target performance, 50% shall be earned if the Company achieves threshold performance and a maximum of 150% of the RSUs will be earned if the Company achieves maximum or better performance. Performance that falls between threshold and target or target and maximum performance shall be interpolated between the respective percentages. Any performance that falls below threshold will result in 0% earned attributable to ▇▇▇ performance. iv. A weighting of 50% will be applied to each of the percentages earned related to EPS and ▇▇▇ performance to determine the total percentage earned. The number of RSUs earned wil...
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Vesting of Performance. Based Restricted Stock Units.
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Vesting of Performance. Based RSUs. With respect to sixty percent (60%) of your Award covering ___ Shares, (“Performance-Based RSUs”), such RSUs will vest on _______________ (“Vesting Date”) in an amount, if any, based on the achievement of the performance goals set forth in Section 2.b.(i)-(iv) below. Any Performance-Based RSUs which do not become vested because of the failure to achieve these performance goals for the Performance Period shall be forfeited. 2 i. The percentage of Performance-Based RSUs shall vest based on achievement of earnings per share (“EPS”) and return on equity (“▇▇▇”) goals over the Performance Period described below, as indicated in the table below. Each factor will be weighted 50% in determining the total percentage of RSUs earned. Performance Period: Beginning ____________________ (Three Years) Ending ____________________ 50% Threshold 100% Target 150% Maximum Earnings per Share (EPS) $____ $____ $____ Return on Equity (▇▇▇) __% __% __%
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Vesting of Performance. Based ▇▇▇▇▇ RSUs. Subject to Section 3 hereof, provided Grantee is continuously employed with the Company or a Subsidiary during the Restriction Period, in Grantee’s Participating Position, a percentage ranging from 0% to 200% of the Target ▇▇▇▇▇ RSUs shall become Vested in accordance with the Vesting Percentage (as set forth below) and shall be settled in accordance with the terms of Section 4 hereof. The determination of the Vesting Percentage shall be made after such time as the Board has obtained the information, made the decisions, and completed the calculations necessary to make such determination. The Vesting Percentage is based upon the Company’s Return On Net Assets Employed (“Average Annual ▇▇▇▇▇”) during the Measurement Period, as determined in accordance with the following table: When the Average Annual ▇▇▇▇▇ results during the Measurement Period fall between the table values, straight-line mathematical interpolation will be used to determine the Vesting Percentage calculated to the nearest hundredth of a percentage. The manner in which the Board will determine Average Annual ▇▇▇▇▇ during the Measurement Period is set forth on Exhibit B attached hereto.
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Related to Vesting of Performance

  • Time of Performance Time for performance of the Scope of Services under this Agreement shall begin with receipt of the Notice to Proceed and end no later than December 31, 2026. Consultant shall complete the tasks described in the Scope of Services, within this time or within such additional time as may be extended by the County.

  • Monitoring of Performance Vendor shall continuously monitor and record its performance to ensure that all of Vendor's responsibilities and obligations hereunder are being met and fulfilled. Citizens may conduct programmatic and other administrative contract monitoring during the term of this Agreement. The purpose of this monitoring is to ensure that all of Vendor's responsibilities and obligations are being met and fulfilled. Such monitoring may include on-site visits, report reviews, invoice reviews, compliance reviews, and a review of any other areas reasonably necessary. Vendor acknowledges and agrees that Citizens may also monitor and record Vendor Staff communications to the extent they occur within or are connected to any Citizens’ resource, such as electronic or telecommunications systems.

  • Suspension of Performance Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right (i) to suspend performance under any or all Transactions and (ii) to the extent an Event of Default has occurred and is continuing, to exercise any remedy available at law or in equity, except as limited be Section 5.7.

  • Resumption of Performance During the period that a Force Majeure Event is subsisting, the Affected Party shall, in consultation with the other Parties, make all reasonable efforts to limit or mitigate the effects of such Force Majeure Event on the performance of its obligations under the PPA. The Affected Party shall also make efforts to resume performance of its obligations under this Agreement as soon as possible and upon resumption, shall notify other Parties of the same in writing. The other Parties shall afford all reasonable assistance to the Affected Party in this regard.

  • Excuse of Performance Seller shall not be liable for delays in performance or for non-performance due to failure or interruption of computer or telecommunication systems, acts of God, war, riot, fire, terrorism, labor trouble, unavailability of materials or components, explosion, accident, compliance with governmental requests, laws, regulations, orders or actions, or other unforeseen circumstances or causes beyond Seller's reasonable control. In the event of such delay, the time for performance or delivery shall be extended by a period of time reasonably necessary to overcome the effect of the delay.