Performance-Based Restricted Stock definition

Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.
View Source
Performance-Based Restricted Stock means Restricted Stock that is subject to a risk of forfeiture if specified performance criteria are not met within the restriction period.
View Source
Performance-Based Restricted Stock means Restricted Stock that is subject to forfeiture unless specified Performance Targets are satisfied during the Performance Period.
View Source

Examples of Performance-Based Restricted Stock in a sentence

  • Performance-Based Restricted Stock Unit Agreement under the WEX Inc.

  • The Awardee’s right to receive any additional shares pursuant to this Performance-Based Restricted Stock Unit Award Agreement shall be forfeited at such time.

  • In lieu of issuing a fraction of a share, resulting from an adjustment of the Performance-Based Restricted Stock Unit Award pursuant to the Plan or otherwise, the Company will be entitled to pay to the Participant an amount equal to the fair market value of such fractional share.

  • As of the Delivery Date and settlement of the Performance-Based Restricted Stock Unit Award pursuant to this Section 6, all Covered Units (which have not previously been forfeited or cancelled) shall be cancelled.

  • On the Delivery Date, the Participant shall receive a number of shares of Stock in settlement of his or her Performance-Based Restricted Stock Unit Award.


More Definitions of Performance-Based Restricted Stock

Performance-Based Restricted Stock means Shares of Restricted Stock issued or transferred to an Eligible Individual under Section 10.2.
View Source
Performance-Based Restricted Stock means the Executive’s restricted stock (including “restricted stock units” or other rights to receive common stock of the Corporation) that is validly issued under any of the Corporation’s equity incentive plans, outstanding as of the Effective Date and subject to performance-based vesting.
View Source
Performance-Based Restricted Stock means an Award of Restricted Stock which meets the requirements of Section 162(m)(4)(C) of the Code, as described in Section 8(b) of the Plan.
View Source
Performance-Based Restricted Stock means a Restricted Stock Award for which the Committee, in determining the amount of payout, will take into account the Performance Targets.
View Source
Performance-Based Restricted Stock means shares of Stock awarded to a Participant which, in accordance with rules established by the Committee prior to the grant of such award, are subject to forfeiture in full or in part or with respect to which additional shares of Stock may be granted on the basis of the degree of attainment of Performance Goals (as defined below) within a Performance Period (as defined below). Shares of Performance-Based Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including by book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Performance-Based Restricted Stock shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such award. The Committee may require that such certificates be held in the custody of the Company or other escrow agent until the restrictions thereon lapse.
View Source
Performance-Based Restricted Stock or "PBRS" means Restricted Stock with performance conditions other than the mere passage of time or continued employment or service which satisfy the requirements as performance-based compensation under Section 162(m).
View Source
Performance-Based Restricted Stock means that in determining the amount of a Restricted Stock Award payout, the Plan Administrator will take into account the performance of the Participant, the Company, one or more Subsidiaries, or any combination thereof.
View Source