Death During Performance Period. If the Participant’s death while employed occurs during the Performance Period, the prorata number of the PSUs shall be equal to (A) the total number of granted PSUs under Section 1(a) plus any dividend equivalents multiplied by (B) a fraction, the numerator of which shall be the number of full calendar months elapsed from December 1 following the Date of Grant through the end of the calendar year that contains the Participant’s date of death and the denominator of which shall be 39 (i.e., the number of calendar months in the Vesting Period, treating the month of December following the Date of Grant as the first calendar month).
Appears in 5 contracts
Samples: Equity Incentive Plan Stock Settled Performance Stock Unit Agreement (Resolute Forest Products Inc.), Resolute Forest Products (Resolute Forest Products Inc.), Resolute Forest Products (Resolute Forest Products Inc.)
