Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Performance-Based Vesting clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Performance-Based Vesting. Except as otherwise provided herein or in the Plan, provided that the Participant remains in continuous service through March 1, 2026 (the "Vesting Date"), the Restricted Stock Units shall become vested and unrestricted on the Vesting Date based upon the Performance Goals set forth and defined in Exhibit A attached hereto; such Restricted Stock Units shall become earned based upon the Share Price as of the Measurement Dates set forth and defined therein. The period during which restrictions appl...y, the "Restricted Period." Once vested, the Restricted Stock Units shall become "Vested Units." 4. Termination of Service/Employment. Notwithstanding any provision of this Agreement or the Plan to the contrary, if the Participant's employment or service terminates by reason of death or Disability, without Cause or for Good Reason, each as defined in the Amended and Restated Employment Agreement between Participant and the Company dated September 7, 2021 (the "Employment Agreement"), before the Vesting Date, any Restricted Stock Units that have become earned as of the date of termination, subject to the provisions of Exhibit A attached hereto, will become fully vested and unrestricted as of the date of termination and shall be settled in accordance with Section 7 of this Agreement. Upon the consummation of the Change in Control, any Restricted Period in effect on the date of such Change in Control shall expire as of such date and the Restricted Stock Units shall vest in accordance with and subject to the provisions of Exhibit A attached hereto.View More
Performance-Based Vesting. Except as otherwise provided herein or in the Plan, provided that the Participant remains in continuous service through March 1, 2026 the third anniversary of the Grant Date (the "Vesting Date"), the Restricted Stock Units shall vest and become vested and unrestricted based on the Vesting Date based upon attainment of the Performance Goals performance conditions set forth and defined in Exhibit A attached hereto; such Restricted Stock Units shall become earned based upon the Share Price as of th...e Measurement Dates set forth and defined therein. hereto. The period during which restrictions apply, the "Restricted Period." Period". Once vested, the Restricted Stock Units shall become "Vested Units." 4. Termination of Service/Employment. Notwithstanding any provision of this Agreement or the Plan to the contrary, if the Participant's employment or service terminates by for any reason of death or Disability, without Cause or for Good Reason, each as defined in the Amended and Restated Employment Agreement between Participant and the Company dated September 7, 2021 (the "Employment Agreement"), at any time before the Vesting Date, any the Participant's Restricted Stock Units that shall be automatically forfeited upon such termination of employment or service and neither the Company nor any Affiliate shall have become earned as of the date of termination, subject any further obligations to the provisions of Exhibit A attached hereto, will become fully vested and unrestricted as of Participant under this Agreement; provided, however, that if the date of termination and shall be settled in accordance with Section 7 of this Agreement. Upon Participant experiences a Qualifying Termination on or within the 12-month period following the consummation of the Change in Control, any Restricted Period in effect on the date of such Change in Control Qualifying Termination shall expire as of such date and the Restricted Stock Units shall vest in accordance with and subject to the provisions of Exhibit A attached hereto. View More
