Common use of Performance-Based Award Clause in Contracts

Performance-Based Award. The Executive will be granted an award of RSUs that is tied to certain performance metrics over a performance period of up to three years (the “Performance-Based LTI Award”). Such Performance-Based LTI Award is subject to the Board’s approval and the Executive’s acceptance of related equity award grant agreements with the Company containing standard terms and conditions; and

Appears in 1 contract

Sources: Employment Agreement (Appfolio Inc)

Performance-Based Award. The Executive will be granted eligible for an award of RSUs that is tied to certain performance metrics over a performance period of up to three years with an initial aggregate target award value of $2,400,000 on the date of grant (the “Performance-Based LTI Award”). Such Performance-Based LTI Award is subject to the Board’s approval and the Executive’s acceptance execution of related equity award grant agreements with the Company containing standard terms and conditions; and

Appears in 1 contract

Sources: Employment Agreement (Appfolio Inc)