Common use of Performance Share Units Clause in Contracts

Performance Share Units. i. Performance share units are contingently awarded for a specific three-year performance period (the “Performance Period”) as reflected on ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ StockPlan Connect. PSUs may not be sold, transferred, pledged or assigned at any time. ii. Payout of PSUs is based on the Company’s achievement of the performance goals over the Performance Period and continued service through the settlement date. . iii. Dividend equivalent units accrued during the Performance Period will be reinvested in additional PSUs, which will be allocated to the same Performance Period and earned on the same basis as the underlying PSUs.

Appears in 2 contracts

Sources: Long Term Incentive Plan Award Agreement (Sylvamo Corp), Long Term Incentive Plan Award Agreement (Sylvamo Corp)

Performance Share Units. i. Performance share units are contingently awarded for a specific three-year performance period (the “Performance Period”) as reflected on ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ StockPlan Connect. PSUs may not be sold, transferred, pledged or assigned at any time. ii. Payout of PSUs is based on the Company’s achievement of the performance goals over the Performance Period and continued service through the settlement date. . iii. Dividend equivalent units accrued during from the Performance Period date of grant through the vest date will be reinvested in additional PSUs, which will be allocated to the same Performance Period and earned on the same basis as the underlying PSUs.

Appears in 2 contracts

Sources: Long Term Incentive Plan Award Agreement (Sylvamo Corp), Long Term Incentive Plan Award Agreement (Sylvamo Corp)

Performance Share Units. i. Performance share units are contingently awarded for a specific three-year performance period (the “Performance Period”) as reflected on ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ StockPlan Connect. PSUs may not be sold, transferred, pledged or assigned at any time. ii. Payout of PSUs is based on the Company’s achievement of the performance goals over the Performance Period and continued service through the settlement date. . iii. Dividend equivalent units accrued during the Performance Period will be reinvested in additional PSUs, which will be allocated to the same Performance Period and earned on the same basis as the underlying PSUs.

Appears in 1 contract

Sources: Long Term Incentive Plan Award Agreement (Sylvamo Corp)

Performance Share Units. i. Performance share units are contingently awarded for a specific three-year performance period (the “Performance Period”) as reflected on ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ StockPlan Connect. PSUs may not be sold, transferred, pledged or assigned at any time. ii. Payout of PSUs is based on the Company’s achievement of the performance goals over the Performance Period and continued service through the settlement date. . iii. Dividend equivalent units accrued during from the Performance Period will date of grant through the vest datewill be reinvested in additional PSUs, which will be allocated to the same Performance Period and earned on the same basis as the underlying PSUs.

Appears in 1 contract

Sources: Long Term Incentive Plan Award Agreement (Sylvamo Corp)