Common use of Vesting Requirements Clause in Contracts

Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which the Performance Goal specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Appears in 3 contracts

Samples: Share Award Agreement (Matson, Inc.), Performance Share Award Agreement (Matson, Inc.), Performance Share Award Agreement (Matson, Inc.)

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Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which the Performance Goal specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Appears in 2 contracts

Samples: Performance Share Award Agreement (Matson, Inc.), Performance Share Award Agreement (Matson, Inc.)

Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares Share Units subject to the Award shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which each of the Performance Goal Goals specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service Service-vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Alexander & Baldwin, Inc.)

Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares Share Units subject to the Award shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which the Performance Goal specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her completion of the applicable Service Service-vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Appears in 1 contract

Samples: Alexander & Baldwin, Inc.

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Vesting Requirements. The actual number of Shares that may vest and become issuable pursuant to the Performance Shares Stock Units subject to the Award shall be determined pursuant to a two-step process: (i) first there shall be calculated the maximum number of Shares in which Participant can vest based upon the level at which each of the Performance Goal Goals specified on Schedule I to the Award Notice is actually attained as modified by the TSR Modifier and (ii) then the number of the Performance-Qualified Shares resulting from the clause (i) calculation in which Participant shall actually vest shall be determined on the basis of his or her Participant’s completion of the applicable Service Service-vesting provisions set forth below. Accordingly, the vesting of the Shares shall be calculated as follows:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Alexander & Baldwin, Inc.)

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