Common use of Performance Goal Requirements Clause in Contracts

Performance Goal Requirements. The attached Schedule I specifies the Performance Goals required to be attained during the Performance Period in order for the Performance RSUs to become eligible to vest. As soon as reasonably practicable following the end of the Performance Period, the Committee shall determine in its sole discretion the attainment level of the Performance Goals. On the basis of the determined level of attainment of the Performance Goals, the Target RSUs will be multiplied by the applicable percentage determined in accordance with the performance matrix set forth in Schedule I. The number of Performance RSUs resulting from such determination shall constitute the maximum number of Performance RSUs in which the Participant may vest under this Award (the “Earned Performance RSUs”).

Appears in 5 contracts

Samples: Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp), Global Key Employee Restricted Stock Unit Grant Agreement (Starbucks Corp)

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Performance Goal Requirements. The attached Schedule I specifies the Performance Goals required to be attained during the Performance Period in order for the Performance RSUs to become eligible to vest. As soon as reasonably practicable following Within one hundred and twenty (120) days after the end completion of the Performance Period, the Committee shall determine in its sole discretion determine and certify in accordance with the attainment level requirements of Section 162(m) of the Code the extent, if any, to which the Performance GoalsGoal has been satisfied. On the basis of the determined that certified level of attainment of the Performance Goalsattainment, the Target RSUs will be multiplied by the applicable percentage determined in accordance with the performance percentile matrix set forth in Schedule I. The number of Performance RSUs resulting from such determination calculation shall constitute the maximum number of Performance RSUs in which the Participant may vest under this Award (the “Earned Performance RSUs”).

Appears in 1 contract

Samples: Employee Restricted Stock Unit Grant Agreement (Starbucks Corp)

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