Common use of Performance-Based Restricted Stock Units Clause in Contracts

Performance-Based Restricted Stock Units. The undersigned currently holds (at target levels of performance) 33,333 performance-based restricted stock units (“PSUs”). The Company agrees to take such steps as are necessary such that, as of the Separation Date, 33,333 PSUs will vest, and any rights to any additional ordinary shares in respect of the PSUs will immediately terminate and be forfeited as of the Separation Date.

Appears in 1 contract

Samples: Separation Agreement and General Release (CHC Group Ltd.)

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Performance-Based Restricted Stock Units. The undersigned currently holds (at target levels of performance) 33,333 23,333 performance-based restricted stock units (“PSUs”). The Company agrees to take such steps as are necessary such that, as of the Separation Date, 33,333 23,333 PSUs will vest, and any rights to any additional ordinary shares in respect of the PSUs will immediately terminate and be forfeited as of the Separation Date.

Appears in 1 contract

Samples: Separation Agreement and General Release (CHC Group Ltd.)

Performance-Based Restricted Stock Units. The undersigned currently holds (at target levels of performance) 33,333 125,000 performance-based restricted stock units (“PSUs”). The Company agrees to take such steps as are necessary such that, as of the Separation Date, 33,333 125,000 PSUs will vest, and any rights to any additional ordinary shares in respect of the PSUs will immediately terminate and be forfeited as of the Separation Date.

Appears in 1 contract

Samples: Separation Agreement and General Release (CHC Group Ltd.)

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Performance-Based Restricted Stock Units. The undersigned currently holds (at target levels of performance) 33,333 performance-based restricted stock units (“PSUs”). The Company agrees to take such steps as are necessary such that, as of the Separation Retirement Date, 33,333 PSUs will vest, and any rights to any additional ordinary shares in respect of the PSUs will immediately terminate and be forfeited as of the Separation Retirement Date.

Appears in 1 contract

Samples: Retirement Agreement and General Release (CHC Group Ltd.)

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