Common use of Maximum Performance Goal Clause in Contracts

Maximum Performance Goal. of the Target Units subject to the Award shall vest and be earned if (i) meets or exceeds for the Performance Period (the “Maximum Performance Goal”), and (ii) the Participant is Employed by the Company on the Vesting Date and has been an employee continuously since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(c)(i) and the service condition described in Section 1(c)(ii) must be met in order for any of the Units to vest pursuant to this Section 1(c). Notwithstanding the foregoing, the Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending and (B) the Committee’s written certification regarding if and to the extent the applicable performance goals have been met.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Regional Management Corp.)

Maximum Performance Goal. [ ]% of the Target Units subject to the Award shall vest and be earned if (i) [ ] meets or exceeds [ ] for the Performance Period (the “Maximum Performance Goal”), and (ii) the Participant is Employed employed by or in service with the Company on the Vesting Date and has been an employee continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(c)(i) and the service condition described in Section 1(c)(ii) must be met in order for any of the Units to vest pursuant to this Section 1(c). Notwithstanding the foregoing, the Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [ ], and (B) the CommitteeAdministrator’s written certification regarding if and to the extent the applicable performance goals have been met.

Appears in 1 contract

Sources: Performance Contingent Restricted Stock Unit Award Agreement (Regional Management Corp.)