Common use of Committee Certification of Performance Goals Clause in Contracts

Committee Certification of Performance Goals. Notwithstanding anything herein to the contrary, in no event shall any Restricted Stock vest as of the Scheduled Vesting Date or any cash dividend be paid to Participant unless the Committee has certified that the applicable Performance Goal set forth in Exhibit A hereto has been achieved. The Restricted Stock shall be forfeited to the Company if the applicable Performance Goal has not been satisfied as of the Scheduled Vesting Date.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Forestar Group Inc.), Restricted Stock Agreement (Forestar Real Estate Group Inc.)

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Committee Certification of Performance Goals. Notwithstanding anything herein to the contraryExcept in connection with vesting upon a Change in Control, in no event shall any Restricted Stock Units vest as of the Scheduled scheduled Vesting Date or any cash dividend be paid to Participant unless the Committee has certified that the applicable Performance Goal set forth in Exhibit A (if any) hereto has been achieved. The Restricted Stock shall be forfeited to the Company if the applicable Performance Goal has not been satisfied as of the Scheduled Vesting Date.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Forestar Real Estate Group Inc.), Restricted Stock Units Agreement (Forestar Group Inc.)

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Committee Certification of Performance Goals. Notwithstanding anything herein to the contraryExcept in connection with vesting upon a Change in Control, in no event shall any Restricted Stock Performance Units vest as of according to the Scheduled Vesting Date or any cash dividend be paid to Participant Schedule unless the Committee has certified that the applicable Performance Goal Goals set forth in Exhibit A hereto has the Notice have been achieved. The Restricted Stock shall be forfeited to the Company if the applicable Performance Goal has not been satisfied as of the Scheduled Vesting Date.

Appears in 1 contract

Samples: Award Agreement (Powell Industries Inc)

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