Common use of Payout Clause in Contracts

Payout. In order to receive any award under this Agreement, Recipient must be employed by the Company on December 31, (the “Vesting Date”), except as provided by Sections 3.2, 3.3, 3.4, 3.5 and 4.

Appears in 7 contracts

Sources: Performance Agreement (ESCO Corp), Performance Unit Award Agreement (ESCO Corp), Performance Unit Award Agreement (ESCO Corp)

Payout. In order to receive any award payments under this Agreement, Recipient must be employed by the Company on December 31, (the “Vesting Date”), except as provided by Sections 3.2, 3.3, 3.4, 3.5 and 44 (the “Vesting Date”).

Appears in 4 contracts

Sources: Performance Unit Award Agreement (ESCO Corp), Executive Compensation Agreement (ESCO Corp), Executive Compensation Agreement (ESCO Corp)