Common use of Committee Certification for Performance-Based Restricted Stock Units (ROIC or EPS Clause in Contracts

Committee Certification for Performance-Based Restricted Stock Units (ROIC or EPS. Awards. Notwithstanding the foregoing, to the extent that the Company intends these Units to constitute “performance-based compensation” for purposes of Code Section 162(m), no performance-based Units will vest until the Committee (as defined in the Plans) certifies the extent to which the performance objectives described in Section 3(c) or 3(d) have been satisfied during the relevant Performance Period.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Schulman a Inc), Restricted Stock Unit Award Agreement (Schulman a Inc)

AutoNDA by SimpleDocs

Committee Certification for Performance-Based Restricted Stock Units (ROIC or EPS. Awards. Notwithstanding the foregoing, to the extent that the Company intends these Units to constitute “performance-based compensation” for purposes of Code Section 162(m), no performance-based Units Shares will vest until the Committee (as defined in the Plans) certifies the extent to which the performance objectives described in Section 3(c) or 3(d) have been satisfied during the relevant Performance Period.

Appears in 1 contract

Samples: Award Agreement (Schulman a Inc)

AutoNDA by SimpleDocs

Committee Certification for Performance-Based Restricted Stock Units (ROIC or EPS. Awards. Notwithstanding the foregoing, to the extent that the Company intends these Units to constitute performance-based compensation” compensation for purposes of Code Section 162(m), no performance-based Units will vest until the Committee (as defined in the PlansPlan) certifies the extent to which the performance objectives described in Section 3(c) or 3(d) have been satisfied during the relevant Performance Period.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Schulman a Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.