Common use of Performance-Based Vesting Clause in Contracts

Performance-Based Vesting. Upon vesting under the terms and conditions of the Plan and this Agreement, each Relative Performance-Based RSU represents the right to receive from the Company a maximum of one-and-a-half shares of Common Stock, free of any restrictions except as otherwise provided in the Plan or this Agreement, and all amounts, securities, and property notionally credited to the Award Recipient’s Account with respect to such Relative Performance-Based RSU.

Appears in 3 contracts

Sources: Incentive Agreement for Restricted Stock Units (International Shipholding Corp), Incentive Agreement for Restricted Stock Units (International Shipholding Corp), Incentive Agreement for Restricted Stock Units (International Shipholding Corp)

Performance-Based Vesting. Upon vesting under the terms and conditions of the Plan and this Agreement, each Relative Absolute Performance-Based RSU represents the right to receive from the Company a maximum of one-and-a-half shares of Common Stock, free of any restrictions except as otherwise provided in the Plan or this Agreement, and all amounts, securities, and property notionally credited to the Award Recipient’s Account with respect to such Relative Absolute Performance-Based RSU.

Appears in 2 contracts

Sources: Incentive Agreement for Restricted Stock Units (International Shipholding Corp), Incentive Agreement for Restricted Stock Units (International Shipholding Corp)

Performance-Based Vesting. Upon vesting under the terms and conditions of the Plan and this Agreement, each Relative Performance-Based ROIC RSU represents the right to receive from the Company a maximum of one-and-a-half two shares of Common Stock, free of any restrictions except as otherwise provided in the Plan or this Agreementrestrictions, and all amounts, securities, and property notionally credited to the Award RecipientEmployee’s Account with respect to such Relative Performance-Based ROIC RSU.

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Tidewater Inc)

Performance-Based Vesting. Upon vesting under the terms and conditions of the Plan and this Agreement, each Relative Performance-Based RSU represents the right to receive from the Company a maximum of one-and-a-half two shares of Common Stock, free of any restrictions except as otherwise provided in the Plan or this Agreementrestrictions, and all amounts, securities, and property notionally credited to the Award RecipientEmployee’s Account with respect to such Relative Performance-Based RSU.

Appears in 1 contract

Sources: Incentive Agreement for Restricted Stock Units (Tidewater Inc)