Common Contracts
2 similar Performance Stock Unit Grant Agreement contracts by Visteon Corp
VISTEON CORPORATION 2010 INCENTIVE PLAN, AS AMENDED PERFORMANCE STOCK UNIT GRANT AGREEMENTPerformance Stock Unit Grant Agreement • February 18th, 2021 • Visteon Corp • Motor vehicle parts & accessories • Delaware
(a)The Company hereby grants to the Participant Number of Awards Granted Performance Stock Units with a grant value of Grant Custom 1 per unit, effective as of Grant Date (the “Grant Date”) under Section 6 of the Amended Plan, and subject to the restrictions set forth in this Agreement. The Performance Stock Units represent a target number of shares of the Company’s common stock (“Stock”) to be paid (the “Target Award”) if the Company’s “Total Shareholder Return” (as defined below, “TSR”) results during the “Performance Period” (as defined below) relative to returns of similar companies is at the 55th percentile. The actual number of shares of Stock to be transferred to the Participant, if any (the “Final Award”), may be earned up to 200% of the Target Award opportunity, or as low as zero, based on the Company’s TSR performance percentile within the “TSR Peer Group” (as defined below) and upon satisfaction of the conditions to vesting set forth below in this Agreement. In the event of
VISTEON CORPORATION 2010 INCENTIVE PLAN, AS AMENDED PERFORMANCE STOCK UNIT GRANT AGREEMENTPerformance Stock Unit Grant Agreement • February 20th, 2020 • Visteon Corp • Motor vehicle parts & accessories • Delaware
Visteon Corporation, a Delaware corporation (the “Company”), subject to the terms of the Visteon Corporation 2010 Incentive Plan, as amended (the “Amended Plan”) and this performance stock unit agreement (this “Agreement”), hereby grants to Participant Name, Global ID Employee ID, (the “Participant”), performance stock units in the form of performance-based restricted stock units (“Performance Stock Units”) pursuant to Section 6 of the Amended Plan, as further described herein. For purposes of this Agreement, “Employer” means the entity (the Company or a Subsidiary) that employs the Participant. All capitalized words not defined in this Agreement have the meanings assigned to them in the Amended Plan.
