Performance Certification Date definition

Performance Certification Date means the date as of which the Compensation Committee makes its written certifications of the TSR Vesting Percentage and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 2(a) of the Award Agreement.

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Performance Certification Date means the date as of which the Compensation Committee makes its final written certifications of the TSR Vesting Percentage and the RONCE Vesting Percentage, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 2(a) or 2(b) of the Award Agreement.

Performance Certification Date means, with respect to Financial Performance Phantom Shares, the date as of which the Committee makes its written certifications of the Average Common Stock Price, and with respect to Available Days Phantom Shares, the date as of which the Committee makes its written certifications of the number of Available Days, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 12(c) of the Agreement. Unless the Committee determines otherwise, the Performance Certification Date shall be February 28, 2013.

Examples of Performance Certification Date in a sentence

Such earned PSUs shall be paid and settled as soon as practicable following the Performance Certification Date, but in no event later than March 15 of the year following the end of the Performance Period for which the PSUs were earned.
In the event of such termination on or after the Performance Certification Date but before the Final Vesting Date, then all unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination.
In the event of such termination on or after the Performance Certification Date but prior to the Final Vesting Date, then the RSUs that are scheduled to vest on the next Vesting Date (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination, and the remaining RSUs shall be forfeited.
To the extent Participant so vests in one or more Performance-Qualified Shares pursuant to this Paragraph 3, the underlying shares that vest on the Performance Certification Date shall be issued on the last business day of February in the calendar year immediately following the end of the Measurement Period (the “Issuance Date”), subject to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than the close of the calendar year in which the Issuance Date occurs.
For certain Recipients for which the issuance of Shares at the Performance Certification Date would create adverse regulatory, tax, or legal consequences (determined in the discretion of the Company or a Related Company), Shares shall not be issued until just prior to the Release Date.
In the event that such termination occurs on or after the Performance Certification Date but prior to the Final Vesting Date, 50% of the remaining unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination, and the remaining RSUs shall be forfeited.
For Recipients described above who are not issued Shares until just prior to the Release Date, such Recipients shall receive a cash payment equal to the dividend that would have been paid on an equal number of Shares for the period between the Performance Certification Date and the Release Date.
Between the Performance Certification Date and the Release Date, Recipients shall be entitled to dividends on Shares at the same rate and paid at the same time as other shareowners.
As soon as administratively feasible after the Performance Certification Date, the number of Shares earned based on the Performance Criteria shall be issued to the Recipient, but shall remain restricted and subject to forfeiture until the Release Date, except as provided in Section 3 below.
In such a case, the Recipient shall be deemed to have share units equal to the number of Shares earned for the period between the Performance Certification Date and the date Shares are issued.

More Definitions of Performance Certification Date

Performance Certification Date means, with respect to each Performance Period, the date(s) as of which the Committee makes its written certifications of the Company SPP Rank and the Downtime Performance Percentage for such Performance Period, as applicable, and its determination of whether and the extent to which the applicable Performance Requirements have been satisfied in accordance with Section 2(c).

Performance Certification Date means, with respect to Phantom Shares subject to subclause (i) of Paragraph 2(a), the date as of which the Committee makes its written certifications of the Downtime Performance Percentage, and with respect to Phantom Shares subject to subclause (ii) of Paragraph 2(a), the date as of which the Committee makes its written certification of the Company SPP Rank, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 11(c) of the Agreement.

Performance Certification Date means the date as of which the Committee makes the written certifications required under Paragraph11(c) below.

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