Common use of Performance-Based RSUs Clause in Contracts

Performance-Based RSUs. For each twelve (12)-month period ending December 31, 2014, 2015 and 2016, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 2016 (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based RSUs shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7 hereof:

Appears in 1 contract

Samples: Award Agreement (B/E Aerospace Inc)

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Performance-Based RSUs. For each twelve (12)-month period ending December 31, 2014201x, 2015 201x and 2016201x, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 2016 201x (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based RSUs shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7 hereof:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (B/E Aerospace Inc)

Performance-Based RSUs. For each twelve (12)-month period ending December 31, 2014_______, 2015 _______ and 2016_______, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 2016 _______ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based RSUs shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7 hereof:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (B/E Aerospace Inc)

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Performance-Based RSUs. For each twelve (12)-month period ending December 31, 201420__, 2015 20__ and 201620__, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 2016 20__ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based RSUs shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7 hereof:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (B/E Aerospace Inc)

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