Common use of Forfeiture Due to Performance Criteria Non-Achievement Clause in Contracts

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies on the Certification Date that the Performance Criteria have not been achieved and/or the Final Target Adjustment Percentage is 0%, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 11 contracts

Samples: Performance Stock Unit Agreement (Hertz Corp), Performance Stock Unit Agreement (Hertz Corp), Performance Stock Unit Agreement (Hertz Corp)

AutoNDA by SimpleDocs

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies on the Certification Date that the Performance Criteria have not been achieved and/or the Final Target Adjustment Percentage is 0%, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 2 contracts

Samples: Performance Stock Agreement (Hertz Corp), Performance Stock Agreement (Hertz Corp)

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