PSU Clause Samples

POPULAR SAMPLE Copied 1 times
PSU. To the extent approved by the Board of Directors of Benefitfocus, you will receive Performance Stock Units in a value up to $250,000 subject to such performance conditions as determined by the Board of Directors. CONFIDENTIAL & PROPRIETARY Exhibit A & B to Employment Agreement 2 ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, INC. (02/2016)
View Source
PSU. The Secondee has been granted Performance Share Units (PSUs) of Mondelez International Inc. Some of those have not vested yet. The parties agree that any unvested PSU will vest on a be prorated basis depending on the number of months the Secondee was employed up until Termination Date in the respective performance cycles (i.e., PSUs granted in 2016 will fully vest; PSUs granted in 2017 will vest 24/36ths and PSUs granted in 2018 will vest 12/36ths). Ultimate payout of PSUs will be based on the actual business performance during the respective performance cycles and be vested on the original vesting dates. For the rest, the terms and conditions of the applicable plan documents in force from time to time shall apply.
View Source
PSU. The Borrower shall establish within DOLHM, and thereafter maintain until completion of the Project, a Project Support Unit ("PSU") with membership, functions, terms of reference and resources satisfactory to the Association. The PSU shall be responsible for, inter alia, the general oversight and overall supervision, management and coordination of Project implementation (including, but without limitation, the consolidation of all Project work plans, reports and related budgets, and their submission to the PSC for final review and approval prior to their transmittal to the Association). For that purpose, the Borrower shall take all measures required to ensure that the PSU is, at all times, headed by a qualified project manager, and is otherwise staffed by qualified personnel in adequate numbers (including, without limitation, an accountant and a procurement officer) disposing of all the necessary resources.
View Source
PSU. 1. The Company will waive the continued employment requirement of eligibility in accordance with Section 5(a) of the 2022 PSU Award Agreements for the Performance Period (as defined in the 2022 PSU Award Agreement) ending December 31, 2024. The outstanding 2022 PSU awards will be calculated based on and subject to the achievement of the Performance Goals (as defined in the 2022 PSU Award Agreements) established for such outstanding 2022 PSUs. The total 2022 PSU award amount as determined based on achievement of the Performance Goals will be earned on a pro-rated basis based on the number of whole months the Executive was employed during the Performance Period prior to the Employment Separation Date. The outstanding 2022 PSU awards will be earned in accordance with the 2022 PSU Award Agreements and the Company’s Amended and Restated 2008 Incentive Compensation Plan in effect on the date of this Agreement, subject to the amendments outlined in this Section. 2. The outstanding PSU awards issued for the Performance Period (as defined in the applicable 2023 and 2024 PSU Award Agreements) ending December 31, 2025 and December 31, 2026 granted in accordance with the applicable 2023 and 2024 PSU Award Agreements will be calculated based on and subject to the achievement of the Performance Goals (as defined in the applicable 2023 and 2024 PSU Award Agreements) established for such 2023 PSUs and 2024 PSUs and will be treated as if the Executive’s separation from the Company is an involuntary termination without Cause for the purpose of calculating and the vesting of any 2023 PSU and 2024 PSU award, which will result in the 2023 PSUs and 2024 PSUs being calculated and earned on a pro-rated basis based on the number of whole months the Executive was employed during the Performance Period prior to the Employment Separation Date. The RSU Award Agreements and PSU Award Agreements will remain in full force and effect following the Employment Separation Date as amended herein. Any vested and earned equity awards made pursuant to any other Award Agreement will be treated in accordance with the terms of the applicable Award Agreement.
View Source

Related to PSU

  • RSU Award An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market Value of a share of Stock.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents: (A) any provisions in such Original RSU Award Documents relating to disability shall not be applicable to any such Continuing Stock Units after the Termination Date; and (B) in the event of Executive’s death after the Termination Date but prior to the Scheduled Expiration Date, the terms and provisions of the Original RSU Award Documents shall be interpreted and applied in the same manner with respect to such Continuing Stock Units as if Executive were an active employee on the date of Executive’s death. (C) to the extent that, under the Company’s compensation practices and policies, any tranche of Continuing Stock Units is subject to the achievement of performance conditions which were imposed solely because Executive was an executive officer of the Company who could have been a covered employee within the meaning of Section 162(m) at the time payment in respect of such award was expected to be made (the “Applicable 162(m) Criteria”) and such Applicable 162(m) Criteria relate, in whole or in part, to any performance period continuing after the end of the Company’s fiscal year in which the Termination Date occurs, such Applicable 162(m) Criteria shall be waived as of the Termination Date with respect to such tranche of the Continuing Stock Units; provided, however, that this Paragraph 5(d)(iii)(C) shall not be applicable if and to the extent, in the reasonable opinion of tax counsel to the Company, the presence of such provision would cause any stock units intended to be qualified as other performance based compensation within the meaning of Section 162(m) of the Code to fail to be so qualified at any time prior to Executive’s Termination Date.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.