Common use of Acquisition Event Clause in Contracts

Acquisition Event. In the event of an Acquisition Event, the Committee shall determine the Performance Level achieved in accordance with Schedule 1 except that the Performance Period shall be deemed to have ended on the last day prior to the Acquisition Event.

Appears in 8 contracts

Sources: Performance Award Agreement (Restaurant Brands International Inc.), Performance Award Agreement (Restaurant Brands International Inc.), Performance Award Agreement (Restaurant Brands International Inc.)

Acquisition Event. In the event of an Acquisition Event, the Committee shall determine in good faith the extent, if any, to which the Performance Target and the Performance Level have been achieved in accordance with Schedule 1 1, except that the Performance Period shall be deemed to have ended on the last day prior to the Acquisition Event.

Appears in 1 contract

Sources: Rbi Performance Award Agreement (Restaurant Brands International Limited Partnership)

Acquisition Event. In the event of an Acquisition Event, the Committee shall determine the extent, if any, to which the Performance Measures and the Performance Level have been achieved in accordance with Schedule 1 1, except that the Performance Period shall be deemed to have ended on the last day prior to the Acquisition Event.

Appears in 1 contract

Sources: Performance Award Agreement (Restaurant Brands International Inc.)