Grant of Performance-Based Restricted Stock Units Contract Clauses (40)

Grant of Performance-Based Restricted Stock Units. (a) Grant. The Company hereby grants to the Participant _____ PSUs (the "Target PSUs"), on the terms and subject to the conditions set forth in this Agreement and as otherwise provided in the Plan. As more fully described in Section 2, each PSU represents the right to receive one share of Common Stock, subject to (i) the achievement of the applicable performance goals described in Section 2 and (ii) the Participant's continued employment or service with the Company through and including the Vest...ing Date (as defined below). (b) Incorporation by Reference. The provisions of the Plan are incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan. The Committee shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations under them, and its decision shall be binding and conclusive upon the Participant and the Participant's beneficiary in respect of any questions arising under the Plan or this Agreement. The Participant acknowledges that the Participant has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. View More

Grant of Performance-Based Restricted Stock Units. Subject to the terms and conditions set forth in this Agreement and the Plan, the Company hereby grants to the Grantee 51,987 performance-based restricted stock units (the "Performance Units"). The Performance Units will become vested and distributable if and only to the extent that the performance goal and other conditions set forth in this Agreement are met. Each Performance Unit shall be a phantom right and shall be equivalent to one share of Company Stock on the applicable distribution date,... as described in Paragraph 3 below. The number of Performance Units set forth above is equal to the target number of Performance Units that would vest upon the Committee's certification of the achievement of the performance goal (the "Target Award") and if Grantee remains in continuous service with the Employer through the dates as set forth herein. The number of Performance Units that actually vest upon the Committee's certification of the achievement of the performance goal set forth on the attached Exhibit A is referred to herein as the "Certified Award"). View More

Grant of Performance-Based Restricted Stock Units. Subject to and upon the terms, conditions, and restrictions set forth in these Terms and Conditions and in the Amended and Restated 2009 Omnibus Incentive Compensation Plan (the "Plan") of Macy's, Inc. (the "Company"), as amended from time to time, the Company has granted to the Grantee on March 24, 2017 (such date hereinafter referred to as the "Date of Grant") that "Target" number of Performance-Based Restricted Stock Units "Performance Units") provided in the Performance-Based Restricted Stoc...k Unit Award Letter to which these Terms and Conditions apply (the "Award Letter"). These Terms and Conditions and the Award Letter together constitute an Evidence of Award, as defined in the Plan. Each Performance Unit represents the right to receive one share of the common stock of the Company ("Common Stock"), subject to the terms and conditions set forth below. View More