Common use of Supplemental Award Vesting Clause in Contracts

Supplemental Award Vesting. Subject to the terms and conditions contained herein and in the Plan, the Participant will also be eligible to receive an additional number of Performance Units on each Vesting Date (the “Supplemental Award”) based on the level of the applicable Performance Targets set forth on Appendix B hereto that are attained with respect to the performance periods applicable to each Vesting Date and will be determined by the (i) number of Performance Units that actually vest with respect to the Annual Award on such Vesting Date pursuant to Section 3(a) above, multiplied by (ii) applicable PLF shown in Appendix B for the attained level of the Performance Targets; provided, however, that the Participant is employed by the Company or an Affiliate on the applicable Vesting Date. Notwithstanding the foregoing, in no event shall a Participant be entitled to a Supplemental Award if the Participant does not receive an Annual Award with respect to the applicable Vesting Date.

Appears in 2 contracts

Samples: Performance Unit Agreement (Dycom Industries Inc), Form of Performance Share Unit Agreement (Dycom Industries Inc)

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Supplemental Award Vesting. Subject to the terms and conditions contained herein and in the Plan, the Participant will shall also be eligible to receive an additional number of Performance Units Shares on each Vesting Date (the "Supplemental Award") based on the level of the applicable Performance Targets set forth on Appendix B hereto that are attained with respect to the performance periods applicable to each Vesting Date and will shall be determined by the (i) number of Performance Units Shares that actually vest with respect to the Annual Award on such Vesting Date pursuant to Section 3(a) above, multiplied by (ii) applicable PLF shown in Appendix B for the attained level of the Performance Targets; provided, however, that the Participant is employed by the Company or an Affiliate on the applicable Vesting Date. Notwithstanding the foregoing, in no event shall a Participant be entitled to a Supplemental Award if the Participant does not receive an Annual Award with respect to the applicable Vesting Date.

Appears in 1 contract

Samples: Performance Share Award Agreement (Dycom Industries Inc)

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Supplemental Award Vesting. Subject to the terms and conditions contained herein and in the Plan, the Participant will shall also be eligible to receive an additional number of Performance Units on each Vesting Date (the “Supplemental Award”) based on the level of the applicable Performance Targets set forth on Appendix B hereto that are attained with respect to the performance periods applicable to each Vesting Date and will be determined by the (i) number of Performance Units that actually vest with respect to the Annual Award on such Vesting Date pursuant to Section 3(a) above, multiplied by (ii) applicable PLF shown in Appendix B for the attained level of the Performance Targets; provided, however, that the Participant is employed by remains in the continuous employ of the Company or an Affiliate a Subsidiary on the applicable Vesting Date. Notwithstanding the foregoing, in no event shall a the Participant be entitled to a Supplemental Award if the Participant does not receive an Annual Award with respect to the applicable Vesting Date.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Dycom Industries Inc)

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