Common use of Performance Period and Measures Clause in Contracts

Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or its subsidiaries on December 1 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 5, as applicable, and payable at the time indicated in this Section 3. The period of time beginning on the Date of Grant and ending on December 1 of Year Three is referred to herein as the “Service Period.”

Appears in 2 contracts

Samples: Performance Share Unit Agreement (HF Sinclair Corp), Performance Share Unit Agreement (HollyFrontier Corp)

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Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or its subsidiaries Subsidiaries on December 1 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 54(a) or (b), as applicable, and payable at the time indicated in this Section 35. The period of time beginning on the Date of Grant and ending on December 1 of Year Three is referred to herein as the “Service Period.”

Appears in 2 contracts

Samples: Hollyfrontier Corporation Performance Share Unit Agreement (HollyFrontier Corp), Performance Share Unit Agreement (HollyFrontier Corp)

Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or its subsidiaries Subsidiaries on December 1 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 5, as applicable, and payable at the time indicated in this Section 3. The period of time beginning on the Date of Grant and ending on December 1 of Year Three is referred to herein as the “Service Period.”

Appears in 1 contract

Samples: Performance Share Unit Agreement (HollyFrontier Corp)

Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or its subsidiaries Subsidiaries on December 1 15 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 4 or 5, as applicable, and payable at the time indicated in this Section 36. The US 3074206v.2 Exhibit 10.77 period of time beginning on the Date of Grant and ending on December 1 15 of Year Three is referred to herein as the “Service Period.”

Appears in 1 contract

Samples: Performance Share Unit Agreement (HollyFrontier Corp)

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Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or one of its subsidiaries Subsidiaries on December 1 15 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 4 or 5, as applicable, and payable at the time indicated in this Section 36. The period of time beginning on the Date of Grant and ending on December 1 15 of Year Three is referred to herein as the “Service Period.”

Appears in 1 contract

Samples: Performance Share Unit Agreement (HollyFrontier Corp)

Performance Period and Measures. This Section 3 sets forth the details of the Performance Award for the “Performance Period,” which begins on October 1 of the calendar year of the Date of Grant (“Year One”) and ends on September 30 of the third calendar year following Year One (“Year Three”). If you are employed by the Company or any of its subsidiaries on December 1 of Year Three you will be entitled to a payment in Shares in the amount determined under Section 3(b) or pursuant to Section 5, as applicable, and payable at the time indicated in this Section 3. The period of time beginning on the Date of Grant and ending on December 1 of Year Three is referred to herein as the “Service Period.”

Appears in 1 contract

Samples: Performance Share Unit Agreement (HF Sinclair Corp)

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