PSU Sample Clauses

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.
Sample 1
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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.
Sample 1
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 XXXXXXXXXXXX.XXX, INC. (02/2016)
Sample 1

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:

  • 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.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • The Award All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whether such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, the fee in the Leased Premises, or otherwise. The Tenant hereby assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to make its independent claim for and retain any portion of any award made by the appropriating authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal of fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tenant.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

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