{"component": "clause", "props": {"groups": [{"snippet": "Executive\u2019s Performance-Based Units shall vest on the earlier to occur of (i) the achievement by the NM Members (and/or, without duplication, their direct and indirect parent entities) of the aggregate Cash-on-Cash Returns pursuant to the vesting schedule set forth on Appendix B (the \u201cMilestone Condition\u201d) or (ii) the satisfaction of a service-vesting condition pursuant to which the Performance-Based Units will vest with respect to 50% of such Performance-Based Units on March 7, 2023 and 50% of such Performance-Based Units on March 7, 2024 (the \u201cService Condition\u201d); provided that Executive has not been Terminated prior to the earliest date on which vesting would occur. With respect to the Milestone Condition, there shall be no proportionate or partial vesting for levels of achievement of Cash-on- Cash Return between the performance thresholds set forth above, and all vesting shall occur on a cliff basis only to the extent that an applicable Cash-on-Cash Return threshold is achieved, and with respect to the Service Condition, except as otherwise provided in this Agreement, there shall be no proportionate or partial vesting in the periods prior to each vesting date set forth above and all vesting shall occur only on the applicable vesting date set forth above; provided, in each case, that Executive has not been Terminated prior to the applicable vesting date. For the avoidance of doubt, in the event that the applicable Cash-on-Cash Return is not achieved at any point in time, then the Performance-Based Units shall remain outstanding and eligible to continue to vest in accordance with this Section 3.2; provided that Executive has not been Terminated prior to the earliest date on which vesting would occur; and provided, further, that any Performance-Based Units that remain unvested at such time as the NM Members or their respective direct or indirect parent entities cease to control any Equity Securities of Pubco shall remain subject only to the satisfaction of the Service Condition.", "snippet_links": [{"key": "nm-members", "type": "definition", "offset": [101, 111]}, {"key": "without-duplication", "type": "clause", "offset": [121, 140]}, {"key": "parent-entities", "type": "definition", "offset": [168, 183]}, {"key": "aggregate-cash", "type": "definition", "offset": [192, 206]}, {"key": "pursuant-to-the", "type": "clause", "offset": [223, 238]}, {"key": "vesting-schedule", "type": "clause", "offset": [239, 255]}, {"key": "appendix-b", "type": "clause", "offset": [269, 279]}, {"key": "milestone-condition", "type": "definition", "offset": [286, 305]}, {"key": "satisfaction-of", "type": "clause", "offset": [320, 335]}, {"key": "vesting-condition", "type": "clause", "offset": [346, 363]}, {"key": "the-performance", "type": "clause", "offset": [382, 397]}, {"key": "with-respect-to", "type": "clause", "offset": [420, 435]}, {"key": "on-march", "type": "clause", "offset": [472, 480]}, {"key": "service-condition", "type": "definition", "offset": [552, 569]}, {"key": "provided-that", "type": "clause", "offset": [573, 586]}, {"key": "prior-to-the", "type": "clause", "offset": [621, 633]}, {"key": "no-proportionate-or-partial-vesting", "type": "clause", "offset": [734, 769]}, {"key": "cash-return", "type": "definition", "offset": [808, 819]}, {"key": "performance-thresholds", "type": "clause", "offset": [832, 854]}, {"key": "to-the-extent", "type": "clause", "offset": [922, 935]}, {"key": "applicable-cash", "type": "definition", "offset": [944, 959]}, {"key": "return-threshold", "type": "clause", "offset": [968, 984]}, {"key": "to-the-service", "type": "clause", "offset": [1015, 1029]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [1041, 1069]}, {"key": "in-this-agreement", "type": "clause", "offset": [1070, 1087]}, {"key": "applicable-vesting-date", "type": "definition", "offset": [1238, 1261]}, {"key": "each-case", "type": "definition", "offset": [1292, 1301]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1380, 1406]}, {"key": "in-the-event", "type": "clause", "offset": [1408, 1420]}, {"key": "in-time", "type": "clause", "offset": [1490, 1497]}, {"key": "in-accordance-with", "type": "definition", "offset": [1590, 1608]}, {"key": "section-32", "type": "definition", "offset": [1614, 1625]}, {"key": "direct-or-indirect", "type": "clause", "offset": [1860, 1878]}, {"key": "to-control", "type": "definition", "offset": [1901, 1911]}, {"key": "equity-securities", "type": "definition", "offset": [1916, 1933]}, {"key": "subject-only", "type": "definition", "offset": [1956, 1968]}], "samples": [{"hash": "iMeli4dAIN", "uri": "/contracts/iMeli4dAIN#performance-based-units", "label": "Incentive Unit Agreement (Signify Health, Inc.)", "score": 33.3394927979, "published": true}, {"hash": "gOeJsKm53X", "uri": "/contracts/gOeJsKm53X#performance-based-units", "label": "Incentive Unit Agreement (Signify Health, Inc.)", "score": 33.3394927979, "published": true}], "size": 5, "hash": "29cce2930bf882f12ff2963964c404c0", "id": 1}, {"snippet": "Two-third (66.67%) of the Class B Units subject to this Award (the \u201cPerformance-Based Units\u201d) shall be eligible to vest (rounded down to the nearest whole Class B Unit) based on Apax Investor\u2019s achievement of the MOIC targets set forth below on a Measurement Date, subject to the Participant\u2019s continued Service through such date. Notwithstanding the foregoing, if the Participant\u2019s Service is terminated without Cause, due to death or Disability, or if the Participant resigns for Good Reason (in each case, as defined in the Employment Agreement), the Performance-Based Units shall remain outstanding for one hundred twenty (120) days following such termination (the \u201cTail Period\u201d). If a Measurement Date occurs during the Tail Period and the applicable MOIC targets are achieved, the Performance-Based Units shall vest. If no Measurement Date occurs during the Tail Period, or if the applicable MOIC targets are not achieved on such Measurement Date, all outstanding Performance-Based Units shall automatically be forfeited and cancelled without consideration as of the last day of the Tail Period.", "snippet_links": [{"key": "class-b-units", "type": "clause", "offset": [26, 39]}, {"key": "based-on", "type": "clause", "offset": [169, 177]}, {"key": "apax-investor", "type": "definition", "offset": [178, 191]}, {"key": "measurement-date", "type": "definition", "offset": [247, 263]}, {"key": "the-participant", "type": "clause", "offset": [276, 291]}, {"key": "continued-service", "type": "definition", "offset": [294, 311]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [331, 360]}, {"key": "terminated-without-cause", "type": "definition", "offset": [394, 418]}, {"key": "due-to-death-or-disability", "type": "clause", "offset": [420, 446]}, {"key": "resigns-for-good-reason", "type": "definition", "offset": [470, 493]}, {"key": "each-case", "type": "definition", "offset": [498, 507]}, {"key": "the-employment-agreement", "type": "clause", "offset": [523, 547]}, {"key": "the-performance", "type": "clause", "offset": [550, 565]}, {"key": "tail-period", "type": "clause", "offset": [670, 681]}, {"key": "the-applicable", "type": "clause", "offset": [741, 755]}, {"key": "outstanding-performance", "type": "definition", "offset": [958, 981]}, {"key": "without-consideration", "type": "definition", "offset": [1041, 1062]}, {"key": "day-of", "type": "clause", "offset": [1078, 1084]}], "samples": [{"hash": "jduy7h3A0Oj", "uri": "/contracts/jduy7h3A0Oj#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 36.8412055969, "published": true}, {"hash": "aYFzY9MMGEU", "uri": "/contracts/aYFzY9MMGEU#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 36.6878852844, "published": true}, {"hash": "3qMpKncyGhW", "uri": "/contracts/3qMpKncyGhW#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 36.6878852844, "published": true}], "size": 4, "hash": "9c334b826e3262d87472b5d0ee379bcc", "id": 2}, {"snippet": "Up to fifty percent (50%) of the Class B Units subject to this Award (the \u201cPerformance-Based Units\u201d) shall be eligible to vest upon the consummation of a Change of Control (or, if the Administrator determines to treat an Initial Public Offering as a Wind-Up Date, upon the consummation of an Initial Public Offering) as follows, in each case, provided that the Participant remains in continuous Service through the applicable date of the consummation of such Change of Control or Initial Public Offering, if applicable, and, in each case, rounded down to the nearest whole Class B Unit; provided, however, that if the Participant\u2019s Service is terminated without Cause or due to the Participant\u2019s death or disability, or if the Participant resigns for Good Reason (in each case pursuant to the terms of the Employment Agreement) within the one hundred and twenty (120)-day period preceding the execution of a definitive agreement that ultimately results in a Change of Control, the Performance-Based Units will remain eligible to vest upon such Change of Control:\ni. Thirty-three percent (33%) of the Performance-Based Units shall vest if the Apax Investor achieves a MOIC equal to two times (2.0x);\nii. One hundred percent (100%) of the Performance-Based Units shall vest if the Apax Investor achieves a MOIC equal to at least two and one-half times (2.5x).\niii. In the event that (I) the Apax Investor achieves a MOIC of at least two times (2.0x) and (II) the Apax Investor\u2019s MOIC is less than two and one-half times (2.5x), the percentage of the Performance-Based Units that become Vested shall be equal to the number of Performance-Based Units that would become Vested based on straight-line interpolation between a MOIC of two times (2.0x) and two and one-half times (2.5x) based on Section B(i) and (B)(ii). For the avoidance of doubt, none of the Performance-Based Units shall vest if the Apax Investor achieves a MOIC less than (2.0x) as of the consummation of a Change of Control or Initial Public Offering that is treated as a Wind-Up Date.\niv. Performance-Based Units will vest upon the consummation of a Change of Control only to the extent the performance targets set forth in this Section B are achieved in connection with such Change of Control. If any Performance-Based Unit would not be entitled to receive any distributions at the time of a Change of Control if all the assets of the Partnership were then sold at Fair Market Value and then the proceeds were distributed in a complete liquidation of the Partnership in accordance with Section 4.1 of the LP Agreement and the provisions of this Agreement, such Performance-Based Unit will be immediately and automatically canceled and terminated upon the consummation of the Change of Control, without payment of any consideration and without any action on the part of the Participant.\nv. If the Administrator does not elect to treat an Initial Public Offering as a Wind-Up Date, then any Performance-Based Units that are unvested as of the consummation of the Initial Public Offering will continue to performance vest following the Initial Public Offering in accordance with this Section B; provided, that, the Administrator may convert the performance targets set forth in this Section B into a stock price equivalent of such performance targets (as converted in the Administrator\u2019s discretion) and establish such measuring dates as it shall determine in its discretion.\nvi. Any Performance-Based Units that do not become Vested upon a Change of Control or Initial Public Offering that is treated as a Wind-Up Date shall be forfeited for no consideration payable to the Participant upon the consummation such Change of Control or Initial Public Offering. For the avoidance of doubt, in no event will more than 100% of the Performance-Based Units (representing 50% of the Class B Units subject to this Award) vest pursuant to this Section B.", "snippet_links": [{"key": "fifty-percent", "type": "definition", "offset": [6, 19]}, {"key": "class-b-units", "type": "clause", "offset": [33, 46]}, {"key": "subject-to", "type": "definition", "offset": [47, 57]}, {"key": "the-administrator", "type": "clause", "offset": [180, 197]}, {"key": "up-date", "type": "definition", "offset": [255, 262]}, {"key": "each-case", "type": "definition", "offset": [332, 341]}, {"key": "provided-that", "type": "clause", "offset": [343, 356]}, {"key": "the-participant", "type": "clause", "offset": [357, 372]}, {"key": "continuous-service", "type": "clause", "offset": [384, 402]}, {"key": "date-of", "type": "clause", "offset": [426, 433]}, {"key": "change-of-control-or-initial-public-offering", "type": "clause", "offset": [459, 503]}, {"key": "if-applicable", "type": "definition", "offset": [505, 518]}, {"key": "terminated-without-cause", "type": "definition", "offset": [643, 667]}, {"key": "death-or-disability", "type": "clause", "offset": [696, 715]}, {"key": "resigns-for-good-reason", "type": "definition", "offset": [739, 762]}, {"key": "the-employment-agreement", "type": "clause", "offset": [802, 826]}, {"key": "the-execution", "type": "clause", "offset": [889, 902]}, {"key": "definitive-agreement", "type": "definition", "offset": [908, 928]}, {"key": "the-performance", "type": "clause", "offset": [977, 992]}, {"key": "apax-investor", "type": "definition", "offset": [1142, 1155]}, {"key": "equal-to", "type": "definition", "offset": [1172, 1180]}, {"key": "two-times", "type": "clause", "offset": [1181, 1190]}, {"key": "in-the-event", "type": "clause", "offset": [1363, 1375]}, {"key": "the-percentage", "type": "definition", "offset": [1526, 1540]}, {"key": "number-of-performance", "type": "clause", "offset": [1613, 1634]}, {"key": "based-on", "type": "clause", "offset": [1672, 1680]}, {"key": "section-b", "type": "definition", "offset": [1787, 1796]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1813, 1839]}, {"key": "to-the-extent", "type": "clause", "offset": [2138, 2151]}, {"key": "performance-targets", "type": "definition", "offset": [2156, 2175]}, {"key": "in-connection-with", "type": "clause", "offset": [2217, 2235]}, {"key": "to-receive", "type": "definition", "offset": [2312, 2322]}, {"key": "at-the-time", "type": "definition", "offset": [2341, 2352]}, {"key": "assets-of-the-partnership", "type": "clause", "offset": [2387, 2412]}, {"key": "fair-market-value", "type": "definition", "offset": [2431, 2448]}, {"key": "liquidation-of-the-partnership", "type": "clause", "offset": [2502, 2532]}, {"key": "in-accordance-with", "type": "definition", "offset": [2533, 2551]}, {"key": "section-41", "type": "clause", "offset": [2552, 2563]}, {"key": "lp-agreement", "type": "definition", "offset": [2571, 2583]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [2592, 2620]}, {"key": "payment-of", "type": "definition", "offset": [2768, 2778]}, {"key": "any-action", "type": "definition", "offset": [2809, 2819]}, {"key": "consummation-of-the-initial-public-offering", "type": "clause", "offset": [3007, 3050]}, {"key": "following-the", "type": "definition", "offset": [3085, 3098]}, {"key": "stock-price", "type": "definition", "offset": [3263, 3274]}, {"key": "in-its-discretion", "type": "clause", "offset": [3420, 3437]}, {"key": "upon-a-change-of-control", "type": "clause", "offset": [3497, 3521]}, {"key": "payable-to", "type": "definition", "offset": [3623, 3633]}, {"key": "in-no-event-will", "type": "clause", "offset": [3751, 3767]}], "samples": [{"hash": "ixdXNdXPOrX", "uri": "/contracts/ixdXNdXPOrX#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 35.8418884277, "published": true}, {"hash": "jj6bYKMs9NH", "uri": "/contracts/jj6bYKMs9NH#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 34.9630393982, "published": true}, {"hash": "c0oN9nxMF7F", "uri": "/contracts/c0oN9nxMF7F#performance-based-units", "label": "Class B Unit Award Agreement (InnovAge Holding Corp.)", "score": 34.6646118164, "published": true}], "size": 4, "hash": "a97332a31897c4ea7df97fd0c802d90e", "id": 3}, {"snippet": "Performance-Based Units that are the subject of this Agreement (the \u201cPerformance-Based Award\u201d) shall vest upon certification by the Manager of Management LLC that the \u201cProfit Goal\u201d (as defined in Section 9 herein) has been achieved, provided that the Participant has not incurred a Termination of Service prior to such certification.", "snippet_links": [{"key": "subject-of-this-agreement", "type": "clause", "offset": [37, 62]}, {"key": "based-award", "type": "clause", "offset": [81, 92]}, {"key": "by-the-manager", "type": "clause", "offset": [125, 139]}, {"key": "management-llc", "type": "clause", "offset": [143, 157]}, {"key": "profit-goal", "type": "definition", "offset": [168, 179]}, {"key": "section-9", "type": "definition", "offset": [196, 205]}, {"key": "provided-that", "type": "clause", "offset": [233, 246]}, {"key": "the-participant", "type": "clause", "offset": [247, 262]}, {"key": "termination-of-service", "type": "definition", "offset": [282, 304]}, {"key": "prior-to", "type": "clause", "offset": [305, 313]}], "samples": [{"hash": "g6F81PyukNA", "uri": "/contracts/g6F81PyukNA#performance-based-units", "label": "Unit Sale and Purchase Agreement (Tower Automotive, LLC)", "score": 21.4134159088, "published": true}, {"hash": "3inYbB1kveR", "uri": "/contracts/3inYbB1kveR#performance-based-units", "label": "Unit Sale and Purchase Agreement (Tower Automotive, LLC)", "score": 21.4134159088, "published": true}], "size": 4, "hash": "1667b294834bc9006cc5a2097f6ea8f9", "id": 4}, {"snippet": "The Performance-Based Units subject to the Award shall be subject to the vesting requirements set forth in both Section 1.3.1 and Section 1.3.2.", "snippet_links": [{"key": "the-performance", "type": "clause", "offset": [0, 15]}, {"key": "the-award", "type": "clause", "offset": [39, 48]}, {"key": "vesting-requirements", "type": "clause", "offset": [73, 93]}, {"key": "section-131", "type": "clause", "offset": [112, 125]}], "samples": [{"hash": "gDdSPBikvkD", "uri": "/contracts/gDdSPBikvkD#performance-based-units", "label": "Restricted Stock Unit Award Agreement (Apria Healthcare Group Inc)", "score": 21.0, "published": true}, {"hash": "foBKKK0bXeV", "uri": "/contracts/foBKKK0bXeV#performance-based-units", "label": "Restricted Stock Unit Award Agreement (Apria Healthcare Group Inc)", "score": 21.0, "published": true}, {"hash": "3UtbrzdJVEr", "uri": "/contracts/3UtbrzdJVEr#performance-based-units", "label": "Restricted Stock Unit Award Agreement (Apria Healthcare Group Inc)", "score": 21.0, "published": true}], "size": 3, "hash": "56275bc8e2a29febb58ad4747d9bf4d2", "id": 5}, {"snippet": "Executive\u2019s Performance-Based Units shall vest based on the level of aggregate Cash-on-Cash Returns achieved by the [Pre-Combination] NM Members (and/or, without duplication, their direct and indirect parent entities) in accordance with the vesting schedule set forth on Appendix B; provided that Executive has not been Terminated prior to the date the applicable Cash-on-Cash Return is achieved. There shall be no proportionate or partial vesting for levels of achievement of Cash-on-Cash Return between the performance thresholds set forth above, and all vesting shall occur on a cliff basis only to the extent that an applicable Cash -on-Cash Return threshold is achieved; provided that Executive has not been Terminated prior to the date the applicable Cash-on-Cash Return is achieved. For the avoidance of doubt, in the event that the applicable Cash-on-Cash Return is not achieved at any point in time, then the Performance-Based Units shall remain outstanding and eligible to continue to performance vest upon a later achievement of the applicable Cash-on-Cash Returns; provided that Executive has not been Terminated prior to the date on which vesting occurs; and provided, further, that any Performance -Based Units that remain unvested at such time as the NM Members or their respective direct or indirect parent entities cease to control any Equity Securities of Pubco shall be forfeited and cancelled.", "snippet_links": [{"key": "based-on", "type": "clause", "offset": [47, 55]}, {"key": "aggregate-cash", "type": "definition", "offset": [69, 83]}, {"key": "nm-members", "type": "definition", "offset": [134, 144]}, {"key": "without-duplication", "type": "clause", "offset": [154, 173]}, {"key": "parent-entities", "type": "definition", "offset": [201, 216]}, {"key": "in-accordance-with", "type": "definition", "offset": [218, 236]}, {"key": "vesting-schedule", "type": "clause", "offset": [241, 257]}, {"key": "appendix-b", "type": "clause", "offset": [271, 281]}, {"key": "provided-that", "type": "clause", "offset": [283, 296]}, {"key": "prior-to-the", "type": "clause", "offset": [331, 343]}, {"key": "applicable-cash", "type": "definition", "offset": [353, 368]}, {"key": "cash-return", "type": "definition", "offset": [372, 383]}, {"key": "no-proportionate-or-partial-vesting", "type": "clause", "offset": [412, 447]}, {"key": "performance-thresholds", "type": "clause", "offset": [509, 531]}, {"key": "to-the-extent", "type": "clause", "offset": [599, 612]}, {"key": "return-threshold", "type": "clause", "offset": [646, 662]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [790, 816]}, {"key": "in-the-event", "type": "clause", "offset": [818, 830]}, {"key": "in-time", "type": "clause", "offset": [900, 907]}, {"key": "direct-or-indirect", "type": "clause", "offset": [1297, 1315]}, {"key": "to-control", "type": "definition", "offset": [1338, 1348]}, {"key": "equity-securities", "type": "definition", "offset": [1353, 1370]}], "samples": [{"hash": "DWui2j7hYL", "uri": "/contracts/DWui2j7hYL#performance-based-units", "label": "Incentive Unit Agreement (Signify Health, Inc.)", "score": 32.126625061, "published": true}], "size": 3, "hash": "9551398d988616321fbc0916b13246a8", "id": 6}, {"snippet": "Executive\u2019s Performance-Based Units shall vest on the earlier to occur of (i) the achievement by the Pre-Combination NM Members (and/or, without duplication, their direct and indirect parent entities) of the aggregate Cash-on-Cash Returns pursuant to the vesting schedule set forth on Appendix B (the \u201cMilestone Condition\u201d) or", "snippet_links": [{"key": "the-pre", "type": "clause", "offset": [97, 104]}, {"key": "nm-members", "type": "definition", "offset": [117, 127]}, {"key": "without-duplication", "type": "clause", "offset": [137, 156]}, {"key": "parent-entities", "type": "definition", "offset": [184, 199]}, {"key": "aggregate-cash", "type": "definition", "offset": [208, 222]}, {"key": "pursuant-to-the", "type": "clause", "offset": [239, 254]}, {"key": "vesting-schedule", "type": "clause", "offset": [255, 271]}, {"key": "appendix-b", "type": "clause", "offset": [285, 295]}, {"key": "milestone-condition", "type": "definition", "offset": [302, 321]}], "samples": [{"hash": "j6bRvsg7nlo", "uri": "/contracts/j6bRvsg7nlo#performance-based-units", "label": "Incentive Unit Agreement (Signify Health, Inc.)", "score": 33.3394927979, "published": true}, {"hash": "bupmVDcDsOM", "uri": "/contracts/bupmVDcDsOM#performance-based-units", "label": "Incentive Unit Agreement (Signify Health, Inc.)", "score": 33.3394927979, "published": true}], "size": 2, "hash": "85669093474b6d22ef48eabd90b1fe40", "id": 7}, {"snippet": "The Target represents the number of Units you have the opportunity to receive based on the Company\u2019s attainment of its annual performance goals. A portion of the Units will be awarded to you as soon as administratively feasible following each Fiscal Year during the Performance Period; the actual number of Units you receive will range from 80% to 120% of one third of the Target Units for the Performance Period, which will be determined by the Company in its sole discretion. You will be notified of the annual performance goals and the number of Units awarded to you if those goals are attained through separate written communications. Notwithstanding the preceding paragraph, if your employment is terminated during the Performance Period by reason of your death or Permanent Disability (as defined below), the number of units awarded to you will be the Target Units for the Performance Period.", "snippet_links": [{"key": "the-target", "type": "clause", "offset": [0, 10]}, {"key": "the-opportunity", "type": "clause", "offset": [51, 66]}, {"key": "to-receive", "type": "definition", "offset": [67, 77]}, {"key": "based-on", "type": "clause", "offset": [78, 86]}, {"key": "annual-performance-goals", "type": "clause", "offset": [119, 143]}, {"key": "a-portion", "type": "definition", "offset": [145, 154]}, {"key": "the-units", "type": "clause", "offset": [158, 167]}, {"key": "fiscal-year", "type": "definition", "offset": [243, 254]}, {"key": "during-the-performance-period", "type": "clause", "offset": [255, 284]}, {"key": "actual-number", "type": "definition", "offset": [290, 303]}, {"key": "target-units", "type": "clause", "offset": [373, 385]}, {"key": "company-in", "type": "clause", "offset": [446, 456]}, {"key": "sole-discretion", "type": "definition", "offset": [461, 476]}, {"key": "the-annual", "type": "clause", "offset": [502, 512]}, {"key": "number-of-units-awarded", "type": "clause", "offset": [539, 562]}, {"key": "written-communications", "type": "clause", "offset": [615, 637]}, {"key": "notwithstanding-the", "type": "definition", "offset": [639, 658]}, {"key": "employment-is-terminated", "type": "clause", "offset": [688, 712]}, {"key": "death-or-permanent-disability", "type": "clause", "offset": [761, 790]}], "samples": [{"hash": "kIRUAR47fnk", "uri": "/contracts/kIRUAR47fnk#performance-based-units", "label": "Performance Based Stock Unit Agreement (Dell Inc)", "score": 21.0, "published": true}, {"hash": "dFo24BR36YB", "uri": "/contracts/dFo24BR36YB#performance-based-units", "label": "Performance Based Stock Unit Agreement (Dell Inc)", "score": 19.0, "published": true}], "size": 2, "hash": "b59a2f2c850b72eebb086d8cc3bb0a54", "id": 8}, {"snippet": "Except as may otherwise be provided in the Plan or this Agreement, the Performance-Based Units shall vest in the amounts set forth below, depending upon the Cumulative Adjusted Operating Income of the Reporting Unit, as follows:", "snippet_links": [{"key": "the-plan", "type": "clause", "offset": [39, 47]}, {"key": "this-agreement", "type": "clause", "offset": [51, 65]}, {"key": "the-performance", "type": "clause", "offset": [67, 82]}, {"key": "cumulative-adjusted-operating-income", "type": "definition", "offset": [157, 193]}, {"key": "reporting-unit", "type": "definition", "offset": [201, 215]}], "samples": [{"hash": "lkNTkbyqDOv", "uri": "/contracts/lkNTkbyqDOv#performance-based-units", "label": "Restricted Stock Unit Agreement (Culp Inc)", "score": 32.6906242371, "published": true}], "size": 2, "hash": "a29fd077a2b017e5acaece4fc7a5becf", "id": 9}, {"snippet": "Forty (40) of the Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the \u201cFirst Profit Goal\u201d (as defined in Section 9 herein) has been achieved, provided that the Participant has not incurred a Termination of Service prior to such certification. An additional twenty (20) Performance-Based Units that are the subject of this Agreement shall vest upon certification by the Manager of Management LLC that the \u201cSecond Profit Goal\u201d (as defined in Section 9) has been achieved, provided that the Participant has not incurred a Termination of Service prior to the date of such certification.", "snippet_links": [{"key": "the-performance", "type": "clause", "offset": [14, 29]}, {"key": "subject-of-this-agreement", "type": "clause", "offset": [55, 80]}, {"key": "by-the-manager", "type": "clause", "offset": [111, 125]}, {"key": "management-llc", "type": "clause", "offset": [129, 143]}, {"key": "profit-goal", "type": "definition", "offset": [160, 171]}, {"key": "section-9", "type": "definition", "offset": [188, 197]}, {"key": "provided-that", "type": "clause", "offset": [225, 238]}, {"key": "the-participant", "type": "clause", "offset": [239, 254]}, {"key": "termination-of-service", "type": "definition", "offset": [274, 296]}, {"key": "an-additional", "type": "clause", "offset": [326, 339]}, {"key": "prior-to-the", "type": "clause", "offset": [625, 637]}, {"key": "date-of", "type": "clause", "offset": [638, 645]}], "samples": [{"hash": "bxb41NJ5YIp", "uri": "/contracts/bxb41NJ5YIp#performance-based-units", "label": "Unit Sale and Purchase Agreement (Tower Automotive, LLC)", "score": 21.4134159088, "published": true}], "size": 2, "hash": "4be9ddb23df451e5d261f44a5847ff70", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBwZXJmb3JtYW5jZS1iYXNlZC11bml0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Performance-Based Units", "parents": [["vesting", "Vesting"], ["incentive-units", "Incentive Units"], ["counterparts", "Counterparts"], ["entire-agreement", "Entire Agreement"], ["time-and-performance-based-vesting", "Time and Performance-Based Vesting"]], "children": [["time-based-vesting-of-performance-based-units", "Time-Based Vesting of Performance-Based Units"], ["performance-based-vesting", "Performance-Based Vesting"], ["performance-based-units-held-by-osg-group-employees", "Performance Based Units Held by OSG Group Employees"]], "size": 42, "id": "performance-based-units", "related": [["performance-based-vesting", "Performance-Based Vesting", "Performance-Based Vesting"], ["performance-based-compensation", "Performance Based Compensation", "Performance Based Compensation"], ["performance-share-units", "Performance Share Units", "Performance Share Units"], ["performance-units", "Performance Units", "Performance Units"], ["performance-share-awards", "Performance Share Awards", "Performance Share Awards"]], "related_snippets": [], "updated": "2026-03-29T04:25:46+00:00"}, "json": true, "cursor": ""}}