Common use of Qualifying Performance Criteria Clause in Contracts

Qualifying Performance Criteria. Subject to the other provisions of this Performance-Based Restricted Stock Unit Award Agreement, for the Awardee to earn any portion of the Stock Units relating to this Performance-Based Restricted Stock Unit Award Agreement, the Qualifying Performance Criteria, as set forth in Appendix A hereto, must be satisfied. The Committee shall certify the achievement of the Qualifying Performance Criteria in writing prior to making any payment pursuant to this Performance-Based Restricted Stock Unit Award Agreement. For purposes of clarity, if the Qualifying Performance Criteria is not achieved, no amount shall be payable with respect to this Performance-Based Restricted Stock Unit Award Agreement except as otherwise provided in subsection E(2) and subsection E(3) below.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Berry Petroleum Co), Restricted Stock Unit Award Agreement (Berry Petroleum Co), Berry Petroleum Company 2010 (Berry Petroleum Co)

AutoNDA by SimpleDocs

Qualifying Performance Criteria. Subject to the other provisions of this Performance-Based Restricted Stock Unit Award Agreement, for the Awardee to earn any portion of the Stock Units relating to this Performance-Based Restricted Stock Unit Award Agreement, the Qualifying Performance Criteria, as set forth in Appendix A hereto, must be satisfied. The Committee shall certify the achievement of the Qualifying Performance Criteria in writing prior to making any payment pursuant to this Performance-Based Restricted Stock Unit Award Agreement. For purposes of clarity, if the Qualifying Performance Criteria is not achieved, no amount shall be payable with respect to this Performance-Based Restricted Stock Unit Award Agreement except as otherwise provided in subsection E(2E(3) and subsection E(3E(4) below.

Appears in 2 contracts

Samples: Berry Petroleum Company 2010 (Berry Petroleum Co), Restricted Stock Unit Award Agreement (Berry Petroleum Co)

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