{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lzrQ1H9N7Lc", "uri": "/contracts/lzrQ1H9N7Lc#performance-based-vesting", "label": "Restricted Stock Agreement (Simmons Co)", "score": 18.0, "published": true}, {"hash": "lJizAJN8mS1", "uri": "/contracts/lJizAJN8mS1#performance-based-vesting", "label": "Restricted Stock Agreement (Simmons Co)", "score": 18.0, "published": true}, {"hash": "jet99q4tTxT", "uri": "/contracts/jet99q4tTxT#performance-based-vesting", "label": "Restricted Stock Agreement (Simmons Co)", "score": 18.0, "published": true}], "size": 32, "snippet": "At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the \"Eligible Shares\"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.", "snippet_links": [{"key": "at-the-end-of", "type": "clause", "offset": [0, 13]}, {"key": "measurement-year", "type": "definition", "offset": [19, 35]}, {"key": "measurement-date", "type": "definition", "offset": [44, 60]}, {"key": "percentage-of-shares", "type": "clause", "offset": [66, 86]}, {"key": "eligible-shares", "type": "clause", "offset": [135, 150]}, {"key": "vested-shares", "type": "clause", "offset": [220, 233]}, {"key": "ebitda-amount", "type": "definition", "offset": [264, 277]}, {"key": "an-additional", "type": "clause", "offset": [490, 503]}, {"key": "consolidated-adjusted-ebitda", "type": "definition", "offset": [577, 605]}], "hash": "0486682431d05db2d4348f0303c7b872", "id": 1}, {"samples": [{"hash": "k2eIg8adtdh", "uri": "/contracts/k2eIg8adtdh#performance-based-vesting", "label": "Restricted Unit Agreement (Refco Information Services, LLC)", "score": 21.0, "published": true}, {"hash": "jGdRq62W0CB", "uri": "/contracts/jGdRq62W0CB#performance-based-vesting", "label": "Management Agreement (Refco Information Services, LLC)", "score": 21.0, "published": true}, {"hash": "jFQwnsuvyCb", "uri": "/contracts/jFQwnsuvyCb#performance-based-vesting", "label": "Restricted Unit Agreement (Refco Information Services, LLC)", "score": 21.0, "published": true}], "size": 18, "snippet": "Following the end of each Measurement Year, on the Measurement Date, the number of Performance Units set forth above that are identified above as first being eligible to vest for that Measurement Year (the \"Eligible Performance Units\") shall be eligible to vest. On each Measurement Date, 50% of the Eligible Performance Units with respect to the prior Measurement Year shall become Vested Units if at least 90% of the annual EBITDA target amount was met for the prior Measurement Year. If more than 90% of the annual EBITDA target amount was met for the prior Measurement Year, then the Eligible Performance Units with respect to the prior Measurement Year shall become Vested Units on a straight line basis such that an additional 5% of Eligible Performance Units shall become Vested Units for each 1% that actual EBITDA exceeds 90% of the annual EBITDA target amount.", "snippet_links": [{"key": "following-the", "type": "definition", "offset": [0, 13]}, {"key": "measurement-year", "type": "definition", "offset": [26, 42]}, {"key": "measurement-date", "type": "definition", "offset": [51, 67]}, {"key": "number-of-performance-units", "type": "clause", "offset": [73, 100]}, {"key": "with-respect-to", "type": "clause", "offset": [327, 342]}, {"key": "vested-units", "type": "definition", "offset": [383, 395]}, {"key": "ebitda-target-amount", "type": "definition", "offset": [426, 446]}, {"key": "an-additional", "type": "clause", "offset": [719, 732]}, {"key": "actual-ebitda", "type": "definition", "offset": [809, 822]}], "hash": "b48d9a0edddfb51e0d2bb73970f2e3c2", "id": 2}, {"samples": [{"hash": "d7TxqGqykTt", "uri": "/contracts/d7TxqGqykTt#performance-based-vesting", "label": "Restricted Unit Agreement (Take Two Interactive Software Inc)", "score": 33.2792625427, "published": true}, {"hash": "1KOgezg61if", "uri": "/contracts/1KOgezg61if#performance-based-vesting", "label": "Restricted Unit Agreement (Take Two Interactive Software Inc)", "score": 32.2799453735, "published": true}, {"hash": "jhprqbUwi8T", "uri": "/contracts/jhprqbUwi8T#performance-based-vesting", "label": "Management Agreement", "score": 31.3408622742, "published": true}], "size": 18, "snippet": "Subject to Section C, certain of the Restricted Units shall be subject to performance-based vesting in accordance with Section (B)(i) (the \u201cTSR Performance-Based Units\u201d), Section (B)(ii) (the \u201cRecurrent Consumer Spending Performance-Based Units\u201d), and Section (B)(iii) (the \u201cIP Performance-Based Units,\u201d and together with the TSR Performance-Based Units and the Recurrent Consumer Spending Performance-Based Units, the \u201cPerformance-Based Units\u201d).", "snippet_links": [{"key": "section-c", "type": "definition", "offset": [11, 20]}, {"key": "certain-of-the", "type": "clause", "offset": [22, 36]}, {"key": "restricted-units", "type": "definition", "offset": [37, 53]}, {"key": "based-vesting", "type": "clause", "offset": [86, 99]}, {"key": "in-accordance-with", "type": "clause", "offset": [100, 118]}, {"key": "tsr-performance", "type": "definition", "offset": [140, 155]}, {"key": "recurrent-consumer-spending", "type": "definition", "offset": [193, 220]}], "hash": "d201b7b4e1c2e6f1a71f736efc9e2112", "id": 3}, {"samples": [{"hash": "4Do7LuNfUsq", "uri": "/contracts/4Do7LuNfUsq#performance-based-vesting", "label": "Non Qualified Stock Option Agreement (99 Cents Only Stores LLC)", "score": 27.3216972351, "published": true}, {"hash": "gkyGRB9HBxp", "uri": "/contracts/gkyGRB9HBxp#performance-based-vesting", "label": "Non Qualified Stock Option Agreement (99 Cents Only Stores LLC)", "score": 26.9493503571, "published": true}], "size": 8, "snippet": "A portion of the Option equal to 5,000 shares of each class of Common Stock (the \u201cPerformance-Vested Option\u201d) shall vest and become exercisable as provided below; provided, that the Participant has not experienced a Termination prior to such date.\n(i) If, on any date from and after the Grant Date, the Company\u2019s LTM EBITDA equals or exceeds $150,000,000 on the last day of each of the 12 consecutive calendar months ending prior to such date, 50% of the Performance-Vested Options shall vest; and\n(ii) If, on any date from and after the Grant Date, the Company\u2019s LTM EBITDA equals or exceeds $225,000,000 on the last day of each of the 12 consecutive calendar months ending prior to such date, 100% of the Performance-Vested Options shall vest.", "snippet_links": [{"key": "a-portion", "type": "definition", "offset": [0, 9]}, {"key": "the-option", "type": "clause", "offset": [13, 23]}, {"key": "equal-to", "type": "definition", "offset": [24, 32]}, {"key": "shares-of", "type": "clause", "offset": [39, 48]}, {"key": "class-of", "type": "definition", "offset": [54, 62]}, {"key": "common-stock", "type": "definition", "offset": [63, 75]}, {"key": "the-participant", "type": "clause", "offset": [178, 193]}, {"key": "a-termination", "type": "definition", "offset": [214, 227]}, {"key": "prior-to", "type": "clause", "offset": [228, 236]}, {"key": "date-from", "type": "definition", "offset": [263, 272]}, {"key": "grant-date", "type": "definition", "offset": [287, 297]}, {"key": "the-company", "type": "definition", "offset": [299, 310]}, {"key": "ltm-ebitda", "type": "definition", "offset": [313, 323]}, {"key": "day-of", "type": "clause", "offset": [367, 373]}, {"key": "calendar-months", "type": "definition", "offset": [401, 416]}, {"key": "the-performance", "type": "clause", "offset": [451, 466]}, {"key": "vested-options", "type": "definition", "offset": [467, 481]}], "hash": "db068e5092ddeea0f13dc90d7cc94525", "id": 8}, {"samples": [{"hash": "lAgsi8oB7Uz", "uri": "/contracts/lAgsi8oB7Uz#performance-based-vesting", "label": "Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}, {"hash": "k1gK0ON0zRt", "uri": "/contracts/k1gK0ON0zRt#performance-based-vesting", "label": "Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}, {"hash": "iaLxY6kROWC", "uri": "/contracts/iaLxY6kROWC#performance-based-vesting", "label": "Performance Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}], "size": 14, "snippet": "The number of restricted stock units that vest based on Company performance and are issued as Common Stock shall be determined using the table found in Appendix B.", "snippet_links": [{"key": "number-of-restricted-stock-units", "type": "clause", "offset": [4, 36]}, {"key": "based-on", "type": "definition", "offset": [47, 55]}, {"key": "company-performance", "type": "clause", "offset": [56, 75]}, {"key": "stock-shall", "type": "definition", "offset": [101, 112]}], "hash": "5666f7d72563d67c2a82cbae3dc0b600", "id": 5}, {"samples": [{"hash": "kMAUmyTRBzn", "uri": "/contracts/kMAUmyTRBzn#performance-based-vesting", "label": "Executive Employment Agreement (Comdata Network, Inc. Of California)", "score": 21.0, "published": true}, {"hash": "eg0s4jCu8f6", "uri": "/contracts/eg0s4jCu8f6#performance-based-vesting", "label": "Executive Employment Agreement (Comdata Network, Inc. Of California)", "score": 21.0, "published": true}, {"hash": "bM9ke6H11Ri", "uri": "/contracts/bM9ke6H11Ri#performance-based-vesting", "label": "Executive Employment Agreement (Comdata Network, Inc. Of California)", "score": 21.0, "published": true}], "size": 7, "snippet": "Subject to applicable forfeiture provisions in the Stock Incentive Plan, the Performance-Based Vesting Option Shares shall upon the earlier to occur of (A) a Change of Control and (B) following an initial public offering; provided that in either case, the Performance-Based Vesting Option Shares shall vest in such event only if the Equity Value (as defined below) of a share of common stock in the Change of Control or after the initial public offering, as the case may be, equals at least 200% of the Base Price. Notwithstanding the foregoing, if a Change of Control occurs within the first year following the Transaction Closing Date (an \u201cEarly Change of Control\u201d), then the Performance-Based Vesting Option Shares will vest on a straight line basis if the Equity Value in the Early Change of Control equals between 100% and 200% of the Base Price, such that zero Performance-Based Vesting Option Shares will vest if the Equity Value in the Early Change of Control is less than or equal to 100% of the Base Price, all of the Performance-Based Vesting Option Shares will vest if the Equity Value in the Early Change of Control is equal to or greater than 200% of the Base Price and the number of Performance-Based Vesting Option Shares that vest if the Equity Value in the Early Change of Control is between 100% and 200% of the Base Price shall be the total number of Performance-Based Vesting Option Shares multiplied by a fraction, the numerator of which shall be the percentage of Base Price represented by the Equity Value in the Early Change of Control minus 100% (such numerator not to exceed 100%) and the denominator of which shall be 100%. For purposes of this calculation, \u201cEquity Value\u201d shall be determined as follows:\n(i) in the event of a Change of Control, the Equity Value shall be determined at the time of the transaction constituting a Change of Control, and shall be equal to the aggregate amount of per share net proceeds (other than any taxes) of cash or readily marketable securities and the discounted expected value of any other deferred consideration (as determined in good faith by the Board) received or to be received by the holders of common stock of Parent Corporation in such transaction (including all shares issuable upon exercise of in-the-money options, whether or not exercisable) at the time of the Change of Control; and\n(ii) at any time after an initial public offering, the Equity Value shall be measured using the average trading price of the common stock of Parent Corporation over a consecutive thirty (30) day trading period. For the purposes of this paragraph (ii), \u201ctrading price\u201d for a day shall mean the average of the high trading price and the low trading price for such day.", "snippet_links": [{"key": "subject-to", "type": "clause", "offset": [0, 10]}, {"key": "forfeiture-provisions", "type": "clause", "offset": [22, 43]}, {"key": "stock-incentive-plan", "type": "definition", "offset": [51, 71]}, {"key": "the-performance", "type": "clause", "offset": [73, 88]}, {"key": "option-shares", "type": "clause", "offset": [103, 116]}, {"key": "following-an-initial-public-offering", "type": "clause", "offset": [184, 220]}, {"key": "provided-that", "type": "clause", "offset": [222, 235]}, {"key": "equity-value", "type": "definition", "offset": [333, 345]}, {"key": "a-share", "type": "definition", "offset": [368, 375]}, {"key": "the-initial-public-offering", "type": "clause", "offset": [426, 453]}, {"key": "the-case", "type": "definition", "offset": [458, 466]}, {"key": "base-price", "type": "clause", "offset": [503, 513]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [515, 544]}, {"key": "a-change-of-control-occurs", "type": "clause", "offset": [549, 575]}, {"key": "first-year", "type": "definition", "offset": [587, 597]}, {"key": "transaction-closing-date", "type": "definition", "offset": [612, 636]}, {"key": "equal-to", "type": "definition", "offset": [984, 992]}, {"key": "number-of-performance", "type": "clause", "offset": [1188, 1209]}, {"key": "total-number-of", "type": "definition", "offset": [1355, 1370]}, {"key": "the-percentage", "type": "definition", "offset": [1469, 1483]}, {"key": "represented-by", "type": "definition", "offset": [1498, 1512]}, {"key": "not-to-exceed", "type": "definition", "offset": [1588, 1601]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [1652, 1672]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1737, 1754]}, {"key": "time-of-the", "type": "clause", "offset": [1818, 1829]}, {"key": "aggregate-amount", "type": "definition", "offset": [1902, 1918]}, {"key": "per-share-net-proceeds", "type": "definition", "offset": [1922, 1944]}, {"key": "readily-marketable-securities", "type": "definition", "offset": [1979, 2008]}, {"key": "expected-value", "type": "definition", "offset": [2028, 2042]}, {"key": "deferred-consideration", "type": "definition", "offset": [2056, 2078]}, {"key": "in-good-faith", "type": "definition", "offset": [2094, 2107]}, {"key": "by-the-board", "type": "clause", "offset": [2108, 2120]}, {"key": "parent-corporation", "type": "definition", "offset": [2183, 2201]}, {"key": "exercise-of", "type": "clause", "offset": [2258, 2269]}, {"key": "at-any-time", "type": "clause", "offset": [2367, 2378]}, {"key": "shall-be-measured", "type": "clause", "offset": [2430, 2447]}, {"key": "the-common-stock", "type": "clause", "offset": [2483, 2499]}, {"key": "trading-period", "type": "definition", "offset": [2557, 2571]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2573, 2592]}, {"key": "a-day", "type": "definition", "offset": [2634, 2639]}], "hash": "659552f064456176da9d65e6df6d6922", "id": 10}, {"samples": [{"hash": "6kqC9RJHStJ", "uri": "/contracts/6kqC9RJHStJ#performance-based-vesting", "label": "Performance Based Restricted Stock Agreement (Lone Star Technologies Inc)", "score": 17.0, "published": true}], "size": 8, "snippet": "Non-vested Shares not previously forfeited will become vested in accordance with the performance matrix set forth in Schedule A annexed hereto. Years 1 through 6 shall refer to six successive fiscal years of LST, and Year 1 shall refer to the fiscal year of LST which includes the Date of Grant. For the purposes of Schedule A, the \u201cYear 1 Objective\u201d is a goal (an \u201cIBT Goal\u201d) approved by the Human Resources Committee of LST (the \u201cHuman Resources Committee\u201d) with respect to the IBT of LST, which IBT Goal relates to Year 1; the \u201cYear 2 Objective\u201d is the IBT Goal for Year 2; the \u201cYear 3 Objective\u201d is the IBT Goal for Year 3; the \u201cYear 1 Objective Shortfall\u201d is the excess, if any, of the Year 1 Objective over LST\u2019s IBT for Year 1; and the \u201cYear 2 Objective Shortfall\u201d is the excess, if any, of the Year 2 Objective over LST\u2019s IBT for Year 2. If any Shares become vested under Rows I or J of Schedule A, then Rows C and G shall become inapplicable. If any Shares become vested under Rows K or L of Schedule A, then Rows D and F shall become inapplicable. If any Shares become vested under this Section 5, then Section 4 shall cease to apply and future vesting, if any, will be determined under this Section 5 (subject to acceleration under the second and third sentences of Section 4 above). Determinations as to whether the Year 1 Objective, Year 2 Objective or Year 3 Objective has been achieved, whether the Year 2 IBT equals or exceeds the sum of the Year 2 Objective and the Year 1 Objective Shortfall or whether the Year 3 IBT equals or exceeds the sum of the Year 3 Objective and the Year 2 Objective Shortfall, shall be made by the Human Resources Committee based on audited financial statements for the appropriate year. Any vesting of Shares for a particular year shall become effective as of the date of the applicable determination by the Human Resources Committee. Any decision of the Human Resources Committee as to any question with respect to the Shares granted hereunder shall be final and conclusive on all persons.", "snippet_links": [{"key": "vested-shares", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [62, 80]}, {"key": "performance-matrix", "type": "clause", "offset": [85, 103]}, {"key": "schedule-a", "type": "definition", "offset": [117, 127]}, {"key": "fiscal-years", "type": "clause", "offset": [192, 204]}, {"key": "year-1", "type": "clause", "offset": [217, 223]}, {"key": "refer-to-the", "type": "definition", "offset": [230, 242]}, {"key": "date-of-grant", "type": "definition", "offset": [281, 294]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [296, 315]}, {"key": "approved-by", "type": "definition", "offset": [377, 388]}, {"key": "human-resources-committee", "type": "definition", "offset": [393, 418]}, {"key": "with-respect-to", "type": "clause", "offset": [460, 475]}, {"key": "relates-to", "type": "definition", "offset": [507, 517]}, {"key": "year-2", "type": "clause", "offset": [531, 537]}, {"key": "year-3", "type": "definition", "offset": [582, 588]}, {"key": "the-excess", "type": "clause", "offset": [664, 674]}, {"key": "the-year", "type": "definition", "offset": [687, 695]}, {"key": "section-5", "type": "clause", "offset": [1097, 1106]}, {"key": "section-4", "type": "definition", "offset": [1113, 1122]}, {"key": "cease-to-apply", "type": "clause", "offset": [1129, 1143]}, {"key": "subject-to", "type": "clause", "offset": [1213, 1223]}, {"key": "sum-of", "type": "clause", "offset": [1447, 1453]}, {"key": "based-on", "type": "definition", "offset": [1669, 1677]}, {"key": "audited-financial-statements", "type": "clause", "offset": [1678, 1706]}, {"key": "vesting-of-shares", "type": "clause", "offset": [1737, 1754]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1790, 1809]}, {"key": "the-applicable", "type": "clause", "offset": [1818, 1832]}, {"key": "the-shares", "type": "clause", "offset": [1962, 1972]}, {"key": "final-and-conclusive", "type": "clause", "offset": [2000, 2020]}], "hash": "259b96325e307eafee2a5d5eb5605191", "id": 9}, {"samples": [{"hash": "kOrljRzZPuu", "uri": "/contracts/kOrljRzZPuu#performance-based-vesting", "label": "Performance Based Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)", "score": 24.8275146484, "published": true}, {"hash": "7IxBxccrAkK", "uri": "/contracts/7IxBxccrAkK#performance-based-vesting", "label": "Performance Based Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)", "score": 23.1601638794, "published": true}], "size": 18, "snippet": "(i) On the Determination Date, the Committee shall determine whether the Performance Goals have been attained and shall provide notice to you of such determination as soon as reasonably practicable following such determination in accordance with Section 11 of this Award Agreement. Except as otherwise determined by the Committee in its sole discretion, which shall be subject to Section 6(e) of the Plan, or provided in your Employment Agreement or in Section 3 of this Award Agreement, the delivery of Shares with respect to the Performance Awards is contingent on the attainment of the Performance Goals as set forth on Schedule A. Accordingly, unless otherwise determined by the Committee in its sole discretion or provided in your Employment Agreement or in Section 3 of this Award Agreement, you will not become entitled to payment with respect to the Performance Awards subject to this Award Agreement unless the Committee determines that the Performance Goals have been attained. Upon such determination by the Committee and subject to the provisions of the Plan and this Award Agreement, you shall have the right to payment of that percentage of the target amount of the Performance Awards as corresponds to the Performance Goals attained as set forth on Schedule A. Furthermore, pursuant to Section 4 of this Award Agreement and except as otherwise determined by the Committee in its sole discretion or provided in your Employment Agreement or in Section 3 of this Award Agreement, in order to be entitled to payment with respect to any Performance Awards, you must be employed by the Company or an Affiliate on [Day after end of performance period].\n(ii) In the event that, prior to [Day after end of performance period], you commence an unpaid leave of absence in accordance with the Company\u2019s policies as in effect from time to time, your Performance Awards will remain outstanding pursuant to the terms of this Section 3(a)(ii). Solely for purposes of this Award Agreement, your employment with the Company and its Affiliates will be deemed to continue until the earlier of (A) the six-month anniversary of the date that your unpaid leave of absence began and (B) March 15 of the year following the year in which your unpaid leave of absence began (the earlier of such dates, the \u201cFinal Return Date\u201d). Therefore, in the event your Performance Awards are outstanding on the date your unpaid leave of absence began, such Performance Awards will remain outstanding until the Final Return Date and, if the Performance Award would otherwise be settled during that period had you not been on a leave of absence, will be settled on the date that such Performance Awards would have otherwise been settled. If you return to active employment prior to the Final Return Date, your Performance Awards will remain outstanding following that date in accordance with their terms. In the event that you do not return to active employment with the Company or its Affiliates prior to the Final Return Date, then except as set forth in your Employment Agreement or as otherwise determined by the Committee in its discretion, your rights with respect to your Performance Awards will immediately terminate upon the Final Return Date, and you will be entitled to no further payments or benefits with respect thereto.\n(iii) In the event that your employment with the Company is subject to an Employment Agreement, and prior to the earlier of (x) the expiration or termination of such Employment Agreement and (y) [Day after end of performance period], the Company determines that you shall no longer be required to perform services for the Company or its Affiliates as specified in your Employment Agreement even though your Employment Agreement will remain in effect until its scheduled expiration date, then provided that you continue to comply with the terms of your Employment Agreement, solely for purposes of Sections 3 and 4 of this Award Agreement, you will be deemed to remain employed until the earlier of (A) the scheduled expiration date of your Employment Agreement and (B) March 15 of the year following the year in which you ceased to perform services for the Company and its Affiliates. Upon the earlier of the events described in clauses (A) and (B) of the immediately preceding sentence, your employment with the Company and its Affiliates will be deemed to terminate, and your rights with respect to your outstanding Performance Awards will terminate, and you will be entitled to no further payments or benefits with respect thereto. For the avoidance of doubt, except as otherwise set forth in your Employment Agreement, in no event will the scheduled expiration of your Employment Agreement be deemed to be a termination of your employment without cause or for good reason for purposes of Section 3(b) of this Award Agreement.\n(iv) In the event that your employment with the Company is terminated prior to [Day after end of performance period] under any of the circumstances described in your Employment Agreement (such as Incapacity, Death, Involuntary Termination or Termination for Good Reason), except as otherwise set forth in Section 3 (b), your entitlement to receive Shares pursuant to this Award shall be governed by the relevant section of your Employment Agreement [(which, for the avoidance of doubt, includes the provisions of Paragraph 4.b(iii) and Paragraph 4.b(iv) of your Employment Agreement)]. In the event that your employment is terminated on or after [Day after end of performance period], your entitlement to receive Shares pursuant to this Award shall be determined based on the achievement of the Performance Goals set forth on Schedule A.", "snippet_links": [{"key": "determination-date", "type": "clause", "offset": [11, 29]}, {"key": "committee-shall", "type": "definition", "offset": [35, 50]}, {"key": "determine-whether", "type": "clause", "offset": [51, 68]}, {"key": "performance-goals", "type": "definition", "offset": [73, 90]}, {"key": "notice-to-you", "type": "clause", "offset": [128, 141]}, {"key": "such-determination", "type": "definition", "offset": [145, 163]}, {"key": "in-accordance-with", "type": "clause", "offset": [227, 245]}, {"key": "section-11", "type": "clause", "offset": [246, 256]}, {"key": "award-agreement", "type": "definition", "offset": [265, 280]}, {"key": "sole-discretion", "type": "clause", "offset": [337, 352]}, {"key": "subject-to-section", 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"the-relevant", "type": "clause", "offset": [5238, 5250]}, {"key": "employment-is-terminated", "type": "clause", "offset": [5448, 5472]}, {"key": "based-on", "type": "definition", "offset": [5602, 5610]}], "hash": "6c22fcd6e4d8a1fae77b9e3e42360865", "id": 4}, {"samples": [{"hash": "hOk6Qlhnion", "uri": "/contracts/hOk6Qlhnion#performance-based-vesting", "label": "Performance Share Unit Agreement (IHS Markit Ltd.)", "score": 32.2224502563, "published": true}, {"hash": "5Ac0DlUkOzH", "uri": "/contracts/5Ac0DlUkOzH#performance-based-vesting", "label": "Partner Unit Plan Performance Share Unit Agreement (IHS Markit Ltd.)", "score": 32.2224502563, "published": true}, {"hash": "lpNn7NylCv1", "uri": "/contracts/lpNn7NylCv1#performance-based-vesting", "label": "Performance Share Unit Agreement (IHS Markit Ltd.)", "score": 31.0424365997, "published": true}], "size": 8, "snippet": "Subject to the provision on Termination of Service below and to Section 2(b)(iii) below, the PSUs covered by this Award that will vest and become free of restrictions on the Performance Vesting Date will be calculated as set forth on Annex A attached hereto. The calculation provided on Annex A may allow for the partial or full vesting of this Award based upon the level of achievement of the Performance Objectives.", "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [0, 14]}, {"key": "termination-of-service", "type": "clause", "offset": [28, 50]}, {"key": "the-psus", "type": "clause", "offset": [89, 97]}, {"key": "covered-by", "type": "definition", "offset": [98, 108]}, {"key": "restrictions-on", "type": "clause", "offset": [154, 169]}, {"key": "performance-vesting-date", "type": "definition", "offset": [174, 198]}, {"key": "annex-a", "type": "definition", "offset": [234, 241]}, {"key": "vesting-of", "type": "clause", "offset": [329, 339]}, {"key": "performance-objectives", "type": "clause", "offset": [394, 416]}], "hash": "ad7ce5e44b649be78b2798314d946959", "id": 7}, {"samples": [{"hash": "9KHo3BSACRb", "uri": "/contracts/9KHo3BSACRb#performance-based-vesting", "label": "Performance Restricted Stock Unit Agreement (Masonite International Corp)", "score": 26.1526355743, "published": true}, {"hash": "6w3HJu5VVfX", "uri": "/contracts/6w3HJu5VVfX#performance-based-vesting", "label": "Performance Restricted Stock Unit Agreement (Masonite International Corp)", "score": 25.3477077484, "published": true}], "size": 11, "snippet": "All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting conditions under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall conditionally vest as follows:\n(A) The PRSUs granted hereunder shall conditionally vest based on the Company\u2019s achievement of the two performance metrics set forth on Exhibit \u201cA\u201d hereto with respect to the Company\u2019s 2016 fiscal year (the \u201c2016 Metrics\u201d), each of which shall be weighted at 50%. Exhibit \u201cA\u201d is attached hereto, incorporated in, and made a part of this Agreement.\n(B) For purposes of determining the number of PRSUs that vest in accordance with the foregoing provisions, the number of PRSUs that vest shall be determined based on the Company\u2019s actual performance in the Company\u2019s 2016 fiscal year as compared to the 2016 Metrics. A number of PRSUs equal to 100% of the PSRUs granted hereunder shall vest based on the achievement of Target level performance with respect to each of the two 2016 Metrics set forth on Exhibit \u201cA\u201d, a number of PSRUs equal to 50% of the PRSUs granted hereunder shall vest based on the achievement of the Threshold level of performance with respect to each of the two 2016 Metrics set forth on Exhibit \u201cA\u201d, and a number of PRSUs equal to 200% of the PSRUs granted hereunder shall vest based on the achievement of the Maximum level of performance with respect to each of the two 2016 Metrics shown on Exhibit \u201cA\u201d hereto. The determination of the actual performance against the 2016 Metrics shall be calculated separately for each of the 2016 Metrics. The number of PSRUs that vest for actual performance between Threshold and Target and/or Target and Maximum shall be calculated for each of the two 2016 Metrics shown on Exhibit \u201cA\u201d hereto using a straight line interpolation between (i) the Threshold and the Target, or (ii) the Target and the Maximum. The actual level of performance against the 2016 Metrics shall be calculated after the end of the Company\u2019s 2016 fiscal year based on the Company\u2019s performance. If the Company\u2019s actual 2016 performance is below the Threshold level of performance with respect to both of the 2016 Metrics set forth on Exhibit \u201cA\u201d, no PRSUs will conditionally vest. PRSUs that do not become conditionally vested based on the foregoing criteria shall be immediately forfeited, effective as of December 31, 2016, without any further action of the Company whatsoever and without any consideration being paid therefor, and shall cease to be eligible to become fully vested in accordance with Sections 3(a)(ii), 3(b) and 3(c) hereof.", "snippet_links": [{"key": "grant-date", "type": "definition", "offset": [57, 67]}, {"key": "subject-to-the", "type": "definition", "offset": [69, 83]}, {"key": "satisfaction-of", "type": "clause", "offset": [84, 99]}, {"key": "vesting-conditions", "type": "clause", "offset": [115, 133]}, {"key": "based-on", "type": "definition", "offset": [327, 335]}, {"key": "performance-metrics", "type": "definition", "offset": [373, 392]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [425, 452]}, {"key": "fiscal-year", "type": "definition", "offset": [460, 471]}, {"key": "this-agreement", "type": "clause", "offset": [602, 616]}, {"key": "for-purposes-of", "type": "clause", "offset": [622, 637]}, {"key": "number-of", "type": "definition", "offset": [654, 663]}, {"key": "in-accordance-with", "type": "clause", "offset": [680, 698]}, {"key": "the-foregoing", "type": "definition", "offset": [699, 712]}, {"key": "actual-performance", "type": "clause", "offset": [798, 816]}, {"key": "a-number", "type": "definition", "offset": [884, 892]}, {"key": "equal-to", "type": "definition", "offset": [902, 910]}, {"key": "target-level", "type": "definition", "offset": [986, 998]}, {"key": "level-of-performance", "type": "definition", "offset": [1197, 1217]}, {"key": "determination-of-the", "type": "clause", "offset": [1506, 1526]}, {"key": "performance-between-threshold-and-target", "type": "clause", "offset": [1673, 1713]}, {"key": "the-target", "type": "clause", "offset": [1887, 1897]}, {"key": "action-of-the-company", "type": "clause", "offset": [2447, 2468]}, {"key": "to-be-eligible", "type": "clause", "offset": [2547, 2561]}, {"key": "fully-vested", "type": "definition", "offset": [2572, 2584]}], "hash": "81e02d35a04a52d19ec7b36fd43a9cf0", "id": 6}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJwZXJmb3JtYW5jZS1iYXNlZC12ZXN0aW5nIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Performance-Based Vesting", "children": [["performance-period", "Performance Period"], ["certification", "Certification"], ["service-relationship", "Service Relationship"], ["operating-income-growth-rate", "Operating Income Growth Rate"], ["total-shareholder-return", "Total Shareholder Return"]], "size": 494, "parents": [["vesting", "Vesting"], ["general", "General"], ["vesting-of-restricted-shareholder-stock", "Vesting of Restricted Shareholder Stock"], ["miscellaneous", "Miscellaneous"], ["vesting-of-employee-units", "Vesting of Employee Units"]], "id": "performance-based-vesting", "related": [["time-based-vesting", "Time-Based Vesting", "Time-Based Vesting"], ["performance-based-compensation", "Performance Based Compensation", "Performance Based Compensation"], ["performance-vesting", "Performance Vesting", "Performance Vesting"], ["equity-based-awards", "Equity-Based Awards", "Equity-Based Awards"], ["grant-of-performance-stock-units", "Grant of Performance Stock Units", "Grant of Performance Stock Units"]], "related_snippets": [], "updated": "2026-06-03T05:49:28+00:00"}, "json": true, "cursor": ""}}