Common use of Performance Objectives for Restricted Stock Units (ROIC) Award Clause in Contracts

Performance Objectives for Restricted Stock Units (ROIC) Award. Your Award of Restricted Stock Units (ROIC) described in the Grant Notice will vest depending on the Company’s ROIC for the Performance Period, determined at the end of the Performance Period. The Company’s ROIC at the end of the Performance Period may be achieved at “threshold”, “target” or “maximum” levels. The number of these Restricted Stock Units that vest on the Normal Vesting Date will be determined by multiplying by the vesting percentage that corresponds to the level of achievement of the Company’s ROIC at the end of the Performance Period relative to the goals set forth in your Summary of Performance Objectives (i.e., 25% at “threshold”, 50% at “target”, or 100% at “maximum”). None of these Units will vest if the Company’s ROIC at the end of the Performance Period is less than the “threshold” level of achievement set forth in your Summary of Performance Objectives. No more than 100% of these Units will vest if the Company’s ROIC at the end of the Performance Period exceeds the “maximum” level of achievement set forth in your Summary of Performance Objectives. If the Company’s ROIC is between two percentages set forth in the Summary of Performance Objectives, the number of these Units that vest will be mathematically interpolated by the Company. Notwithstanding the foregoing, any of these Units that do not vest as of the Normal Vesting Date shall be forfeited. The Committee shall have the final decision (in its sole discretion) about the extent of vesting and satisfaction of performance objectives.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Schulman a Inc), Restricted Stock Unit Award Agreement (Schulman a Inc), Restricted Stock Unit Award Agreement (Schulman a Inc)

AutoNDA by SimpleDocs

Performance Objectives for Restricted Stock Units (ROIC) Award. Your If you received an Award of Restricted Stock Units (ROIC) described in the Grant Notice Notice, your Award will vest depending on the Company’s ROIC for the Performance PeriodROIC, determined at the end of the Performance Period. The Company’s ROIC at the end of the Performance Period may be achieved at “threshold”, “target” or “maximum” levels. The number of these Restricted Stock Units that vest on the Normal Vesting Date will be determined by multiplying by the vesting percentage that corresponds to the level of achievement of the Company’s ROIC at the end of the Performance Period relative to the goals set forth in your Summary of Performance Objectives (i.e., 25% at “threshold”, 50% at “target”, or 100% at “maximum”). None of these Units will vest if the Company’s ROIC at the end of the Performance Period is less than the “threshold” level of achievement set forth in your Summary of Performance Objectives. No more than 100% of these Units will vest if the Company’s ROIC at the end of the Performance Period exceeds the “maximum” level of achievement set forth in your Summary of Performance Objectives. If the Company’s ROIC is between two percentages set forth in the your Summary of Performance Objectives, the number of these Units that vest will be mathematically interpolated by the Company. Notwithstanding the foregoing, any of these Units that do not vest as of the Normal Vesting Date shall be forfeited. The Committee shall have the final decision (in its sole discretion) about the extent of vesting and satisfaction of performance objectives.

Appears in 2 contracts

Samples: Award Agreement (Schulman a Inc), Award Agreement (Schulman a Inc)

AutoNDA by SimpleDocs

Performance Objectives for Restricted Stock Units (ROIC) Award. Your Award of Restricted Stock Units (ROIC) described in the Grant Notice will vest depending on the Company’s ROIC for the Performance Period, determined at the end of the Performance Period. The Company’s ROIC at the end of the Performance Period may be achieved at threshold, “target” target or “maximum” maximum levels. The number of these Restricted Stock Units that vest on the Normal Vesting Date will be determined by multiplying by the vesting percentage that corresponds to the level of achievement of the Company’s ROIC at the end of the Performance Period relative to the goals set forth in your Summary of Performance Objectives (i.e., 25% at threshold, 50% at target, or 100% at maximum). None of these Units will vest if the Company’s ROIC at the end of the Performance Period is less than the “threshold” threshold level of achievement set forth in your Summary of Performance Objectives. No more than 100% of these Units will vest if the Company’s ROIC at the end of the Performance Period exceeds the “maximum” maximum level of achievement set forth in your Summary of Performance Objectives. If the Company’s ROIC is between two percentages set forth in the Summary of Performance Objectives, the number of these Units that vest will be mathematically interpolated by the Company. Notwithstanding the foregoing, any of these Units that do not vest as of the Normal Vesting Date shall be forfeited. The Committee shall have the final decision (in its sole discretion) about the extent of vesting and satisfaction of performance objectives.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Schulman a Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.