Performance-Based Restricted Stock. Except as otherwise provided in this Agreement, two-thirds of the Restricted Shares (the “Performance-Based Restricted Stock”) shall contingently vest in equal installments on the day prior to each of the first, second, third and fourth anniversary of the Effective Date provided that the Executive remains employed with the Company on each such date (the “Service Condition”), but shall not be considered to be fully vested until and unless the condition described in Section 2(b)(i) or 2(b)(ii), as applicable, has been satisfied (each such condition, a “Performance Condition”).
Performance-Based Restricted Stock. In the event (i) of the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work with the Company, in either case prior to the end of Fiscal Year 20__, fifty percent (50%) of Maximum Number of Shares of Performance-Based Restricted Stock (as set forth on page 1) shall become immediately free of the restrictions of Section A.1(b). In the event (i) of the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work with the Company, in either case subsequent to the end of Fiscal Year 20__, all shares of Performance-Based Restricted Stock which are earned but not yet free of the restrictions of Section A.1(b) shall become immediately free of such restrictions.
Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, 20__, 20__ and 20__, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 20__ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7:
Performance-Based Restricted Stock. Subject to the Company achieving its Earnings Before Interest and Taxes target (the “Performance Target”) in the 12-month period ending on September 30th each year (the “Performance Period”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7:
Performance-Based Restricted Stock. All unvested shares of Performance-Based Restricted Stock shall remain open and continue to vest on the FID as if the Participant had not experienced a Termination of Service; provided, however, that the Plan Administrator will have the ability, in its sole discretion, to accelerate the vesting of the Performance-Based Restricted Stock even if the FID has not yet occurred.
Performance-Based Restricted Stock. Subject to the Contingencies and Restrictions set forth in this Section, the Company has granted the Performance Based Restricted Stock to Participant as of the Grant Date as set forth on the Award Agreement and Stock Power.
Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, _____, _____ and _____, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December
Performance-Based Restricted Stock. Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants the Employee [ ] [ ] shares of restricted, common stock of the Company (the “Performance-Based Restricted Stock”) as of the Grant Date.
Performance-Based Restricted Stock. The remaining forty percent (40%) of the Restricted Stock shall vest based upon the satisfaction of performance criteria (the
Performance-Based Restricted Stock. Colleague’s Performance Restricted Stock Award Agreements are terminated on the Effective Date and, therefore, Colleague will not be entitled to any stock, vesting, or other payments under such agreements on or after the Effective Date. However, in order to facilitate a smooth transition, Energizer will award Colleague a pro-rata portion of his 2015 and 2016 grants. Colleague will be awarded 14,353 RSEs for the 2015 grant and 4,319 RSEs for the 2016 grant (collectively, the “Performance Pro-Rata Portion”). If, and to the extent that, the performance goals are achieved at the end of the relevant performance period, the Performance Pro-Rata Portion shall be paid, in the form of Energizer Holdings, Inc. common stock, on the same date that the Performance-Based Grants would have been paid had the Performance Restricted Stock Award Agreements not been terminated and Colleague’s employment with Energizer continued until the end of the original performance period. The number of shares transferred to the Colleague will be calculated using the same vesting methodology used to calculate other Executive Officer performance shares and upon the pro-rated shares, as described above. In addition, Dividend Equivalents will continue to be accrued and payable upon vesting of the 2015 and 2016 Performance Pro-Rata Portion Restricted Stock Equivalent awards.
