Performance Objectives and Other Terms. The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out to the Service Providers. The time period during which the performance objectives or other vesting provisions must be met will be called the “Performance Period.” Each Performance Award will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
Appears in 3 contracts
Sources: Agreement and Plan of Merger (Envirotech Vehicles, Inc.), Agreement and Plan of Merger (Envirotech Vehicles, Inc.), Agreement and Plan of Merger (Welsbach Technology Metals Acquisition Corp.)
Performance Objectives and Other Terms. The Administrator will Administrator, in its discretion, shall set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion criteria which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out to the Service ProvidersParticipants. The time period during which the performance objectives or other vesting provisions must be met will be called the “Each Award of Performance Period.” Each Performance Award will Shares shall be evidenced by an Award Agreement that will shall specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will shall determine.
Appears in 3 contracts
Sources: 2007 Stock Incentive Plan (Epicor Software Corp), 2007 Stock Incentive Plan (Epicor Software Corp), 2007 Stock Incentive Plan (Epicor Software Corp)
Performance Objectives and Other Terms. The Administrator will Administrator, in its discretion, shall set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion criteria which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares Units that will be paid out to the Service ProvidersParticipants. The time period during which the performance objectives or other vesting provisions must be met will be called the “Each Award of Performance Period.” Each Performance Award will Units shall be evidenced by an Award Agreement that will shall specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will shall determine.
Appears in 3 contracts
Sources: 2007 Stock Incentive Plan (Epicor Software Corp), 2007 Stock Incentive Plan (Epicor Software Corp), 2007 Stock Incentive Plan (Epicor Software Corp)
Performance Objectives and Other Terms. The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Units or Performance Shares that will be paid out to the Service Providers. The time period during which the performance objectives Performance Objectives or other vesting provisions must be met will be called achieved during the “applicable Performance Period.” . Each Award of Performance Award Units or Performance Shares will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine. The Administrator may set performance objectives based upon the achievement of Company-wide, divisional, or individual goals, applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion.
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