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 Sections 5 and 6, the PSUs shall vest and become nonforfeitable on the last day of the Performance Cycle, subject to (a) the achievement of the minimum threshold Performance Goal for payout set forth in Exhibit A, and (b) Participant's continuous employment (“Continuous Service”) from the Grant Date through the last day of the Performance Cycle (the “Vesting Date”). The number of PSUs that vest and become payable under this Agreement shall be determined by the Administrator based on the level of achievement of the Performance Goals set forth in Exhibit A and shall be rounded down to the nearest whole PSU.

Appears in 2 contracts

Samples: Form of Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.), Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6, the PSUs shall vest and become nonforfeitable on the last day of the Performance CyclePeriod, subject to (a) the achievement of the minimum threshold Performance Goal for payout set forth in Exhibit A, and (b) Participant's continuous employment (“Continuous Service”) from the Grant Date through the last day of the Performance Cycle Period (the “Vesting Date”). The number of PSUs that vest and become payable under this Agreement shall be determined by the Administrator based on the level of achievement of the Performance Goals set forth in Exhibit A and shall be rounded down to the nearest whole PSU.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.), Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6herein, the PSUs shall will vest and become nonforfeitable on the last day of a Performance Period with respect to the PSUs earned for such Performance CyclePeriod in accordance with Section 4.2, subject to (a) the achievement of the minimum threshold Performance Goal Goals for payout set forth in Exhibit AA hereto, and (b) Participant's continuous employment (“the Grantee’s Continuous Service”) Service from the Grant Date through the last day of the Performance Cycle (the “Vesting Date”)Period. The number of PSUs that vest and become payable under this Agreement shall be determined by the Administrator Committee based on the level of achievement of the Performance Goals set forth in Exhibit A hereto and shall be rounded down to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Audioeye Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6herein, the PSUs shall will vest and become nonforfeitable on the last day of the Performance CycleSeptember 25, 2024, subject to (a) the achievement of the minimum threshold Performance Goal for payout set forth in Exhibit AI attached hereto, and (b) Participantthe Grantee's continuous continued employment (“Continuous Service”) from the Grant Date through the last day date that the PSUs are paid in shares of the Performance Cycle (the “Vesting Date”)Common Stock. The number of PSUs that vest and become payable under this Grant Agreement shall be determined by the Administrator Committee based on the level of achievement of the Performance Goals Goal set forth in Exhibit A I and shall be rounded down to the nearest whole PSU.

Appears in 1 contract

Samples: Share Unit Agreement (J&j Snack Foods Corp)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6, the PSUs shall vest and become nonforfeitable on the last day of the Performance CyclePeriod, subject to (a) the achievement of the minimum threshold Performance Goal for payout set forth in Exhibit A, and (b) Participant's continuous employment (“Continuous Service”) from the Grant Date through the last day of the Performance Cycle Period (the “Vesting Date”). The number of PSUs that vest and become payable under this Agreement shall be determined by the Administrator based on the level of achievement of the Performance Goals set forth in Exhibit A and shall be rounded down to the nearest whole PSU.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6herein, the PSUs shall will vest and become nonforfeitable on the last day of the Performance CyclePeriod, subject to (a) the achievement of the minimum threshold Performance Goal Goals for payout set forth in Exhibit AI attached hereto, and (b) the Participant's continuous employment (“Continuous Service”) Service from the Grant Date through the last day of the Performance Cycle (the “Vesting Date”)Period. The number of PSUs Performance Shares that vest and become payable under this Agreement pursuant to the PSUs shall be determined by the Administrator Committee based on the level of achievement of the Performance Goals set forth in Exhibit A I and shall be rounded down to the nearest whole PSUshare.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Evolution Petroleum Corp)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6herein (including Section 24), the PSUs shall will vest and become nonforfeitable on the last day of the Performance CyclePeriod, subject to (a) the achievement of the minimum threshold Performance Goal Goals for payout set forth in Exhibit AI attached hereto, and (b) the Participant's continuous employment (“Continuous Service”) Service from the Grant Date through the last day of the Performance Cycle (the “Vesting Date”)Period. The number of PSUs Performance Shares that vest and become payable under this Agreement pursuant to the PSUs shall be determined by the Administrator Committee based on the level of achievement of the Performance Goals set forth in Exhibit A I and shall be rounded down to the nearest whole PSUshare.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Evolution Petroleum Corp)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided in Sections 5 and 6herein, the PSUs shall will vest and become nonforfeitable on the last day of the Performance Cycle___________, subject to (a) the achievement of the minimum threshold Performance Goal for payout set forth in Exhibit AI attached hereto, and (b) Participantthe Grantee's continuous continued employment (“Continuous Service”) from the Grant Date through the last day date that the PSUs are paid in shares of the Performance Cycle (the “Vesting Date”)Common Stock. The number of PSUs that vest and become payable under this Grant Agreement shall be determined by the Administrator Committee based on the level of achievement of the Performance Goals Goal set forth in Exhibit A I and shall be rounded down to the nearest whole PSU.

Appears in 1 contract

Samples: Share Unit Agreement (J&j Snack Foods Corp)

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