Performance-Based Vesting Requirements. The Participant will earn the Restricted Stock and the Restricted Stock will vest for the Performance Period (a) to the extent the Performance Goals are satisfied in accordance with Schedule A, and (b) only if the Service‑based vesting requirements in Section 6 below also have been satisfied, except as otherwise provided in the Plan. If the Performance Goals are satisfied, the percentage of the Restricted Stock that will be earned, vested and payable in accordance with this Agreement shall be determined through linear interpolation as set forth in Schedule B. If the Performance Goals are not satisfied, the Restricted Stock eligible to be earned and vested during the Performance Period will be forfeited effective as of the last day of the Performance Period.
Performance-Based Vesting Requirements. Provided the service-based vesting requirements have been met, each Tranche will vest on the applicable Scheduled Vesting Date upon the achievement of the performance goals applicable to that Tranche, as set forth in Appendix C to this Agreement. B.2 EFFECT OF TERMINATION OF EMPLOYMENT PRIOR TO SCHEDULED VESTING DATE(S) ON VESTING REQUIREMENTS
Performance-Based Vesting Requirements. This Exhibit A to the Restricted Stock Agreement sets forth the performance-based vesting conditions of the Restricted Shares granted pursuant to this Agreement.
Performance-Based Vesting Requirements. Provided the service-based vesting requirements have been met, the Award will vest on the applicable Final Award Date upon the achievement of the performance goals set forth in Appendix C to this Agreement. B.2 EFFECT OF TERMINATION OF EMPLOYMENT PRIOR TO THE FINAL AWARD DATE ON VESTING REQUIREMENTS
Performance-Based Vesting Requirements. (a) Subject to service vesting requirements under Section 2.2, vesting of the Target Units will be measured based on the Company’s total shareholder return over the 36-month period which commenced as of the Measurement Start Date. The number of Units that vest shall be based on the vesting percentage of the Target Units, as shown on the performance vesting schedule on Exhibit A. That percentage shall be determined based on the Company’s TSR Performance, as defined and calculated in Exhibit A.
Performance-Based Vesting Requirements. The Committee will determine the number of Performance Shares in which you will vest based on the Company’s achievement of Return on Equity (“XXX”) goals during the period beginning on January 1, 2018 and ending on December 31, 2020 (the “Performance Period”). The Company’s XXX will be measured over three periods within the Performance Period, as follows: XXX Targets Threshold Target Maximum Period 1 1/1/18 – 12/31/18 6.30 % 6.80 % 7.2 % Period 2 1/1/18 – 12/31/19 6.85 % 7.35 % 7.75 % Period 3 1/1/18 – 12/31/20 7.40 % 7.90 % 8.30 % Following the end of each of Period 1, Period 2 and Period 3, but no later than March 15 following the end of such period, the Committee will determine and certify the XXX for the Company based on data available to the public. Then, the Committee will multiply the XXX Performance Factor that corresponds to the level of XXX the Company has achieved, as determined under the table below, by one-third of the Target Number of Performance Shares (as set forth on the cover sheet), to determine the number of Performance Shares that will be earned for each of Period 1, Period 2 and Period 3. Level of XXX Achieved XXX Performance Factor (%) Less than Threshold 0 % Threshold 50 % Target 100 % Maximum 150 % Notwithstanding anything to the contrary in the Agreement or this Exhibit B, no (0%) Performance Shares will be earned for a period if Threshold XXX is not attained. If the XXX for the any period falls between threshold and target performance levels, or between target and stretch performance levels, the XXX Performance Factor will be interpolated on a linear slope. Following the end of the Performance Period, but no later than March 15, 2021, you will vest in the number of Performance Shares equal to the sum of the number of Performance Shares earned in each of Period 1, Period 2 and Period 3. In no event may you vest in a number of Performance Shares greater than 150% of the Target Number of Performance Shares.
Performance-Based Vesting Requirements. In addition to the above Time Vesting Schedule, the vesting of the Options is also subject to Performance Based Vesting Requirements. Under the Performance Based Vesting Requirements, the Options will vest in increments of 18,000 shares upon each increase of $2.00 or more in the Fair Market Value of the Company’s Common Stock above the Exercise Price ($19.77) of the Options. To satisfy this performance requirement, the Common Stock must trade at that increased level for a period of at least ten (10) trading days during any one quarter during the Term of the Options. For example, if the Company’s Common Stock trades at a level of $21.77 a share, or above, for at least ten (10) trading days during any one quarter, the Performance Based Vesting Requirement will be satisfied with respect to 18,000 shares. However, Options to purchase those 18,000 shares will only be considered to be fully vested and exercisable if the applicable time vesting requirement has also been met. For all the Options to vest under this requirement, the Company’s Common Stock has to trade at a level of at least $29.77 for period of at least ten (10) trading days during any one quarter during the Term.
Performance-Based Vesting Requirements. (a) With respect to the performance based vesting requirements, Units will be eligible for vesting in three tranches. Subject to Section 2.1(b) and (c), vesting of the first tranche will be measured based on the Company’s financial performance over the 12 month period which commenced as of the Measurement Start Date; the second tranche will be measured based on the Company’s financial performance over the 24 month period which commenced as of the Measurement Start Date; and the third tranche will be measured based on the Company’s financial performance over the 36 month period which Long Term Incentive Restricted Stock Unit Agreement commenced as of Measurement Start Date. The Target Units for each of the respective tranches is set forth in Exhibit A. Subject to Section 2.1(b) and (c), the amount of Units within each tranche that vest shall be based on the vesting percentage of the Target Units for such tranche, as shown on the Performance Vesting Matrix on Exhibit A. That percentage shall be determined based on the Company’s ranking in the Peer Group based on EPS Growth, and calculated as set forth in Exhibit A.
Performance-Based Vesting Requirements. This Exhibit A is subject to the other provisions of the Award Agreement (including, without limitation, Sections 4, 8 and 9 of the Award Agreement). The aggregate percentage of the 2014 Target Shares, the 2015 Target Shares and the 2016 Target Shares, as applicable, that shall be deemed to be Eligible Shares in accordance with Section 3(a) of the Award Agreement shall be determined as follows: (1) fifty percent (50%) of the Target Shares for the applicable Performance Year shall become eligible to vest based on the Corporation’s level of achievement of the EPS Goal for such Performance Year; and (2) fifty percent (50%) of the Target Shares for the applicable Performance Year shall become eligible to vest based on the Corporation’s level of achievement of the Net Sales Growth Goal for such Performance Year. For the 2014 Performance Year, the aggregate percentage of the 2014 Target Shares that shall be deemed to be Eligible Shares in accordance with Section 3(a) of the Award Agreement shall be determined in accordance with the table below as follows: EPS Goal for the 2014 Performance Year Net Sales Growth Goal for the 2014 Performance Year Actual Level of EPS for the 2014 Performance Year Vesting Eligibility Percentage Actual Level of Net Sales Growth for the 2014 Performance Year Vesting Eligibility Percentage Less than $1.20 0% Less than 17% 0% $1.20 75% 17% 75% $1.30 100% 20% 100% $1.40 or Greater 150% 23% or Greater 150% For actual EPS or Net Sales Growth achievement results between two points in the preceding tables, the actual payout percentage shall be determined on a straight-line bases between the two closest points based on the actual level of achievement of the EPS Goal or the Net Sales Growth Goal, as applicable, for the applicable Performance Year (with the actual payout percentage in each case rounded down to the nearest whole percentage).
Performance-Based Vesting Requirements. Subject to satisfaction of the Time-Based Vesting Requirements, the Performance-Based Award will vest ratably over five years if the performance goals are achieved for the applicable Performance Period, as long as Employee is employed by the Company on the applicable Vesting Date following the expiration of that Performance Period. The performance goals will be set annually by the Compensation Committee of the Board of Directors for each Performance Period within the first sixty days of the applicable calendar year. Portion of the Performance-Based
