Settlement of Performance Sample Clauses

Settlement of Performance. Units shall be subject to the following:
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Settlement of Performance. Shares This Agreement will be settled by the delivery to the Grantee of one Share for each Performance Share on the Vesting Date. Performance Shares that vest early upon, death, Disability, a Change in Control Vesting Event or an Involuntary Termination of Service will be settled by the delivery to the Grantee (or his estate) of one Share for each Performance Share within 60 days following the Termination of Service.
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Settlement of Performance. Based Restricted Stock Units. The following provision supplements Section 2 of the Terms and Conditions: Notwithstanding any discretion contained in Section 11(d) of the Plan, PRSUs will be settled in Shares only, not cash.
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Settlement of Performance. Shares This Agreement will be settled by the delivery to the Grantee of one Share for each Performance Share on the Vesting Date. Performance Shares that vest early upon, death, Disability, a Change in Control Vesting Event or an Involuntary Termination of Service will be settled by the delivery to the Grantee (or his estate) of one Share for each Performance Share within 60 days following the Termination of Service. Standard Terms and Conditions Please refer to Schedule B, incorporated herein by reference, which sets forth standard terms and conditions applicable to the grant of Performance Shares. By the signatures below, the Grantee and the authorized representative of the Company acknowledge agreement to this Performance Share Agreement as of the Grant Date specified above. Royal Caribbean Cruises Ltd. Grantee: By: ___________________________ _____________________________________ Xxxxx X. Xxxxxxx Chief Financial Officer Exhibit 10.27 SCHEDULE A The Actual Number of Performance Shares to which the Grantee will be entitled hereunder will be calculated by the Committee based on the Company’s [insert relevant performance metric(s)]. Specifically, the Committee shall calculate the Actual Number of Performance Shares by [insert relevant performance metric(s) and weighting, if applicable]. As noted in this Agreement, special rules apply under certain circumstances, such as an Involuntary Termination of Service, death, disability and termination following a change-in-control. [Insert relevant information regarding calculation of performance metric(s)]. The Committee may, in certain circumstances and in its sole discretion, make adjustments to [insert relevant performance metric(s)] for purposes of this Agreement for those unique or unusual events that are outside the bounds of management’s control in order to better reflect the Company’s core results, provide the intended benefit and to make the performance evaluation as relevant as possible. The following tables shall apply for calculating this Award: Payout amount for levels of [insert relevant performance metric(s)] between the maximum and threshold achievement shall be interpolated on a straight-line basis (rounded up to the nearest integer). The number of Actual Number of Performance Shares cannot exceed 200% of the Target Number of Performance Shares. Exhibit 10.27 SCHEDULE B
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Settlement of Performance. Shares Provided you remain in Service (as defined below) on the Settlement Date (as defined below), and except as otherwise specifically set forth in this Agreement, upon the Committee determining and certifying the level of achievement of the performance metrics set forth on Exhibit A with respect to the Company’s two year fiscal operating period commencing on January 1, 2012 and ending on December 31, 2013 (the “Performance Period”), the Committee shall award you a number of shares of Restricted Stock following the Performance Period reflecting the level of attainment of the performance metrics in accordance with Exhibit A attached hereto during the Performance Period (“Earned Shares”). The Committee shall certify the level of achievement of the performance metrics during the Company’s first fiscal quarter in 2014 and, on the date of such certification (the “Settlement Date”), the Committee shall grant you the applicable number of Earned Shares. All Earned Shares shall be subject to additional vesting provisions and restrictions on transferability as defined herein and pursuant to the Plan (“Restricted Stock”). The Performance Shares and, if any, the number of Earned Shares and the number of shares of Restricted Stock are subject to adjustment under the Plan, as appropriate.
Sample 1
Settlement of Performance. Shares This Agreement will be settled by the delivery to the Grantee of one Share for each Performance Share on the Vesting Date. Performance Shares that vest early upon termination without Cause, death, Disability or a Change in Control Vesting Event will be settled by the delivery to the Grantee (or his estate) of one Share for each Performance Share within 60 days following the Termination of Service. Standard Terms and Conditions Please refer to Schedule B, incorporated herein by reference, which sets forth standard terms and conditions applicable to the grant of Performance Shares. By the signatures below, the Grantee and the authorized representative of the Company acknowledge agreement to this Performance Share Agreement as of the Grant Date specified above. Royal Caribbean Cruises Ltd. Grantee: By:
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Related to Settlement of Performance

  • Manner of Performance All Alterations must be performed: (i) in accordance with the approved plans, specifications and working drawings; (ii) in a lien-free and first-class and workmanlike manner; (iii) in compliance with all applicable permits, laws, statutes, ordinances, rules, regulations, orders and rulings now or hereafter in effect and imposed by any governmental agencies and authorities which assert jurisdiction; (iv) in such a manner so as not to interfere with the occupancy of any other tenant in the Building, nor impose any additional expense upon nor delay Landlord in the maintenance and operation of the Building; and (v) at such times, in such manner, and subject to such rules and regulations as Landlord may from time to time reasonably designate.

  • Time of Performance Except as expressly otherwise herein provided, with respect to all required acts of Tenant, time is of the essence of this Lease.

  • Prevention of Performance The Custodian will not be responsible for any failure to perform any of its obligations (nor will it be responsible for any unavailability of funds credited to the Cash Account) if such performance is prevented, hindered or delayed by a Force Majeure Event, in such case its obligations will be suspended for so long as the Force Majeure Event continues. “Force Majeure Event” means any event due to any cause beyond the reasonable control of the Custodian, such as restrictions on convertibility or transferability, requisitions, involuntary transfers, unavailability of communications system, sabotage, fire, flood, explosion, acts of God, civil commotion, strikes or industrial action of any kind, riots, insurrection, war or acts of government.

  • Excuse of Performance Grantor's and Licensee's performance (other than Licensee's obligation to pay for Products or other fees or monetary obligations in accordance herewith, which shall not be excused) hereunder shall be excused if (but only for so long as) any of the following conditions or events occur and are continuing: Labor conflicts, strikes, lock-outs, fires, explosions, war, civil disturbances, unforeseen military action, governmental action, requisitions or seizures, delays of subcontractors or vendors, unavailability of raw materials or transport facilities, acts of God or nature, or any other condition or event which is beyond the reasonable control of Grantor or Licensee, as the case may be.

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Suspension of Performance During the period that the performance by one of the parties of its obligations under this Agreement has been suspended by reason of an event of Force Majeure, the other party may likewise suspend the performance of all or part of its obligations hereunder to the extent that such suspension is commercially reasonable.

  • Limitations of Performance The Custodian shall not be responsible under this Agreement for any failure to perform its duties, and shall not be liable hereunder for any loss or damage in association with such failure to perform, for or in consequence of the following causes:

  • Assurance of Performance A. Seller to Provide Assurance If Boeing determines, at any time or from time to time, that it is not sufficiently assured of Seller's fall, timely and continuing performance hereunder, or if for any other reason Boeing has reasonable grounds for insecurity, Boeing may request, by notice to Seller, written assurance (hereafter an "Assurance of Performance") with respect to any specific matters affecting Seller's performance hereunder, that Seller is able to perform all of its respective obligations under this Agreement when and as specified herein. Each Assurance of Performance shall be delivered by Seller to Boeing as promptly as possible, but in any event no later than 15 calendar days following Boeing's request therefore and each Assurance of Performance shall be accompanied by any information, reports or other materials, prepared by Seller, as Boeing may reasonably request. Boeing may suspend all or any part of Boeing's performance hereunder until Boeing receives an Assurance of Performance from Seller satisfactory in form and substance to Boeing.

  • Guaranty of Performance The Guarantors also jointly and severally guarantee the full, prompt and unconditional performance of all obligations and agreements of every kind owed or hereafter to be owed by the Debtor and the other Guarantors to the Agent or the Banks. Every provision for the benefit of the Agent or the Banks contained in this Guaranty shall apply to the guaranty of performance given in this Paragraph 8.

  • Standard of Performance The Executive will perform his duties under this Agreement with fidelity and loyalty, to the best of his ability, experience and talent and in a manner consistent with his duties and responsibilities.

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