Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreement, the PSUs will vest and become nonforfeitable on the date the Committee certifies the achievement of the Management Goal in accordance with Section 3.2, subject to the Participant’s continuous service with the Company or a Subsidiary from the Date of Grant through the last day of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Agreement (DIEBOLD NIXDORF, Inc)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreementherein, the PSUs will vest and become nonforfeitable non-forfeitable on the date the Committee certifies _________, subject to (i) the achievement of the Management Goal in accordance with Section 3.2Performance Criteria, (ii) the exercise of the Committee’s discretion to reduce the number of PSUs subject to this Award, and (iii) the ParticipantGrantee’s continuous service “Continuous Service” with the Company or a Subsidiary from the Grant Date of Grant through the last day of the Performance Perioddate payments are made pursuant to this Agreement, which shall be not later than ________.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreementherein, the PSUs will vest and become nonforfeitable non-forfeitable on the date the Committee certifies _____ __, ____, subject to (i) the achievement of the Management Goal in accordance with Section 3.2Performance Criteria, (ii) the exercise of the Committee’s discretion to reduce the number of PSUs subject to this Award, and (iii) the Participant’s continuous service Grantee's “Continuous Service” with the Company or a Subsidiary from the Grant Date of Grant through the last day of the Performance Perioddate payments are made pursuant to this Agreement, which shall be not later than ____ __, ____.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreementherein, the PSUs will vest and become nonforfeitable non-forfeitable on the date the Committee certifies [APPLICABLE DATE], subject to (i) the achievement of the Management Goal in accordance with Section 3.2Performance Goal, (ii) the exercise of the Committee’s negative discretion to reduce the number of PSUs subject to this Award as provided in this Agreement and the ParticipantPlan based upon achievement of the additional Performance Goals, and (iii) the Grantee’s continuous service “Continuous Service” with the Company or a Subsidiary from the Grant Date of Grant through the last day of the Performance Period[APPLICABLE DATE].

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in this Agreementherein, the PSUs will vest and become nonforfeitable non-forfeitable on the date the Committee certifies [____], subject to (i) the achievement of the Management Goal in accordance with Section 3.2Performance Criteria, (ii) the exercise of the Committee’s discretion to reduce the number of PSUs subject to this Award, and (iii) the Participant’s continuous service Grantee's “Continuous Service” with the Company or a Subsidiary from the Grant Date of Grant through the last day of the Performance Period[____].

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

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