Common use of Eligibility Conditions Clause in Contracts

Eligibility Conditions. A. As soon as practical following the end of the Performance Cycle, the Committee shall determine whether and the extent to which the performance conditions set forth in Section 5 of this Award Agreement have been satisfied and the number of Performance Units, if any, earned by the Employee (the date of such determination by the Committee hereinafter referred to as the “Determination Date”), provided, however, that to receive Shares in settlement of the Performance Units determined by the Committee to have been earned, the Employee must have remained in Continuous Service from the date hereof through the last day of the Performance Cycle (the “Settlement Date”), except as provided in subsection (C) below.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Kimball International Inc), Performance Unit Award Agreement (Kimball International Inc), Performance Unit Award Agreement (Kimball International Inc)

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Eligibility Conditions. A. As soon as practical following the end of the Performance Cycle, the Committee shall determine whether and the extent to which the performance conditions set forth in Section 5 of this Award Agreement have been satisfied and the number of Performance Units, if any, earned by the Employee (the date of such determination by the Committee hereinafter referred to as the “Determination Date”), provided, however, that to receive Shares in settlement of the Performance Units determined by the Committee to have been earned, the Employee must have remained in Continuous Service from the date hereof through the last day of the Performance Cycle (the “Settlement Date”), except as provided in subsection (C) belowbelow or as otherwise may be provided in a then existing employment agreement between the Company and Employee.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Kimball International Inc), Performance Unit Award Agreement (Kimball International Inc)

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Eligibility Conditions. A. As soon as practical following the end of the Performance Cycle, the Committee shall determine whether and the extent to which the performance conditions set forth in Section 5 of this Award Agreement have been satisfied and the number of Performance Units, if any, earned by the Employee (the date of such determination by the Committee hereinafter referred to as the “Determination Date”), provided, however, that to receive Shares in settlement of the Performance Units determined by the Committee to have been earned, the Employee must have remained in Continuous Service from the date hereof through the last day of the Performance Cycle (the “Settlement Date”), except as provided in subsection (C) below.

Appears in 1 contract

Samples: Award Agreement (Hni Corp)

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