Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the “Earned PSUs”). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the “Committee Determination Date”). Except as otherwise provided herein, the Grantee’s right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until the end of the Performance Period.

Appears in 4 contracts

Samples: Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp)

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Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s 's right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the "Earned PSUs"). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the "Committee Determination Date"). Except as otherwise provided herein, the Grantee’s 's right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until through the end of the Performance Period.

Appears in 2 contracts

Samples: Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp)

Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C A hereto, the Grantee’s right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C A (the “Earned PSUs”). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the “Committee Determination Date”). Except as otherwise provided herein, the Grantee’s right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until the end of the Performance Period.

Appears in 1 contract

Samples: Performance Share Units Agreement (Harsco Corp)

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Vesting of PSUs. (a) Subject to the terms and conditions of Section 4 and Section 5 hereof and Exhibit C hereto, the Grantee’s 's right to receive Common Stock in settlement of the PSUs shall become nonforfeitable with respect to (i) 0% to 200% of the PSUs on the basis of the RTSR achievement during the Performance Period as set forth in the Statement of Management Objectives attached hereto as Exhibit C (the "Earned PSUs"). The Earned PSUs will be determined on the date following the end of the Performance Period on which the Committee determines the level of attainment of the Management Objectives for the Performance Period, which date must occur within 60 days after the end of the Performance Period (the "Committee Determination Date"). Except as otherwise provided herein, the Grantee’s 's right to receive Common Stock in settlement of the PSUs is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary until through the end of the Performance Period.. 000-0000-0000/1/AMERICAS

Appears in 1 contract

Samples: Performance Share Units Agreement (Harsco Corp)

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