Earning and Vesting. PTO time accrued during the current pay period will be available to use the following pay period.
Earning and Vesting. The Performance Shares are subject to forfeiture until they become earned and they vest. Subject to the terms and conditions set forth in this Agreement and the Plan, and unless earlier terminated or forfeited, the Performance Shares will become earned and will vest in accordance with the terms of Exhibit A.
Earning and Vesting. The Performance Share Units will become earned and vested as set forth in the Notice based on the Company’s achievement of the performance goal set forth in the Notice and the Participant’s continued employment through the third anniversary of the Grant Date.
Earning and Vesting. The RSUs granted under this Agreement will vest on the last day of the Performance Period designated for this Award, subject to achievement of the Performance Goals set forth in Appendix A and to the provisions of Sections 3 and 4 below. The “Performance Period” for this Award is the three-year period set forth in Appendix A that begins on the first day of the fiscal year in which the grant is made (“Beginning Date”) and ends on the last day of the fiscal year that is closest to September 30 of the third fiscal year following the Beginning Date (the “End Date”). The actual number of RSUs earned as of the End Date will be based upon the performance level achieved with respect to the Performance Goals and will be determined by multiplying the Target Number of RSUs by the Payout Percentage achieved in accordance with Appendix A. The Performance Goals are based upon the performance of the Company during the designated Performance Period. For Covered Employees, the RSUs granted under this Agreement are intended to be Performance-Based Awards that qualify as Qualified Performance-Based Compensation under Section 11 of the Plan.
Earning and Vesting. Subject to Section 4, the percentage of the RSUs indicated in the table below will be deemed earned and vested if the performance goals indicated are achieved within the applicable performance period: Percentage of RSUs Earned Performance Goal Performance Period
Earning and Vesting. The Employee shall earn shares of Incentive Stock based upon the extent to which the Compensation Committee of Corning’s Board of Directors (the “Committee”) determines that the performance goals for the 2007 fiscal year (the “Performance Period”) set forth in the schedule titled “2007 Corporate Performance Plan Financial Goals” have been met. If the Employee’s employment relationship with the Corporation is terminated for any reason (other than a termination as described in Section 4(f) or Section 4(b)(i) below, both of which result in no shares eligible to be earned) during the 2007 fiscal year, the number of shares of Incentive Stock which the Employee may be eligible to earn shall be reduced in a ratio the numerator of which is 12 minus the number of months the Employee was actively employed during 2007 and the denominator of which is 12. Once earned the shares of Incentive Stock may not be sold, assigned, transferred, pledged or otherwise encumbered prior to February 1, 2010 (except in the event of the death of the Employee) and shall be subject to the possibility of forfeiture as set forth in Section 4 below.
Earning and Vesting. Subject to the terms and conditions of this Award Agreement and the Plan, the total number of Earned RSUs, as that term is defined in Exhibit A hereto, shall vest in accordance with the vesting schedule set forth in Exhibit A. The RSUs that become earned and vested, as provided herein, shall be converted into an equivalent number of Shares of Common Stock that will be distributed to the Participant upon vesting. In the event that any vesting occurs on a weekend, holiday or other non-trading day on the applicable NASDAQ market, the applicable RSUs shall become vested on the first trading day thereafter.
Earning and Vesting. Class C Units may, in the sole discretion of the General Partner, be issued subject to vesting (e.g., based on performance-vesting features, such as the economic performance of the Initial Limited Partner, and/or time-vesting features, such as the holder’s continued employment with the Initial Limited Partner or any of its subsidiaries), forfeiture and additional restrictions on Transfer pursuant to the terms of the applicable Class C Unit Agreement. The terms of any Class C Unit Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Class C Unit Agreement or by any applicable equity incentive plan of the Partnership. For Class C Units that are subject to both performance-vesting requirements and time-vesting requirements under the terms of a Class C Unit Agreement, the Class C Units that have satisfied such performance-vesting requirements are referred to as “Earned Class C Units,” and all other Class C Units are referred to as “Unearned Class C Units,” whether or not such Class C Units have satisfied such time-vesting requirements. Class C Units that were fully vested and nonforfeitable when issued or that have vested and are no longer subject to forfeiture under the terms of a Class C Unit Agreement are referred to as “Vested Class C Units”; all other Class C Units are referred to as “Unvested Class C Units.”
Earning and Vesting. Subject to the terms and conditions set forth in this Agreement and the Plan, and unless earlier terminated or forfeited, the Performance Shares will be earned and vest in accordance with the terms of Exhibit A.
Earning and Vesting
