Earned Performance Shares definition

Earned Performance Shares means the number of Performance Shares which are earned during the Performance Period as described and calculated in Section 6.
Earned Performance Shares means Shares subject to the Option in respect of which the applicable Performance Objectives, as set out in Section 3.1, have been achieved and shall become vested and exercisable as set out in Section 3.2.
Earned Performance Shares means Shares subject to the PRSUs in respect of which the applicable Performance Objectives have been achieved and shall become eligible for vesting and payment as set out in Section 3.2.

Examples of Earned Performance Shares in a sentence

  • The rights under this Award are not transferable by the Holder other than by will or the laws of descent and distribution, and so long as Holder lives, only Holder or his or her guardian or legal representative shall have the right to receive and retain Earned Performance Shares.

  • If Holder does not experience a Separation prior to the Vesting Date, Holder will be 100% vested in the Earned Performance Shares.

  • The number of Earned Performance Shares shall be equal to the product of (i) the Target Performance Shares, multiplied by (ii) the Performance Percentage.

  • The Earned Performance Shares to be delivered hereunder shall be previously authorized but unissued Shares.

  • The rights under this Award are not transferable by the Holder other than by will or the laws of descent and distribution, and so long as Holder lives, only Holder or his or her guardian or legal representative shall have the right to receive and retain Vested Earned Performance Shares.


More Definitions of Earned Performance Shares

Earned Performance Shares means Shares subject to the PRSUs in respect of which the applicable Performance Objectives, as set out in Section 3.1 and Schedule C to the Agreement, have been achieved and shall become eligible for vesting and payment as set out in Section 3.2.
Earned Performance Shares means the number of PRSUs that are deemed earned based on the attainment level of the Performance Objectives set forth in Schedule C of this Agreement; provided that if the BCA Effective Date occurs prior to the end of the Performance Period, Earned Performance Shares shall mean the greater of (i) the number of PRSUs that are deemed earned based on the actual attainment level of the Performance Objectives (and, for the avoidance of any doubt, based on the attainment level of the Performance Objectives over a truncated Performance Period ending on a date prior to the BCA Effective Date if selected by the Committee), and, in any event, in accordance with the provisions of the BCA, and (ii) the target number of PRSUs.
Earned Performance Shares means shares subject to the RSUs in respect of which the applicable performance conditions, as set out in section 3.1, have been achieved and shall become vested as set out in section 3.2.
Earned Performance Shares means the number of PRSUs that are deemed earned based on the attainment level of the Performance Objectives set forth in Schedule D of this Agreement.
Earned Performance Shares means the number of Performance Shares ranging from 0 to the number of Performance Shares set forth on the Grant Notice earned for the applicable Performance Period based on the achievement of the applicable performance measure.
Earned Performance Shares means any Performance Share award, or portion thereof, under which the applicable performance milestones have been achieved and which therefore remain subject to vesting solely based upon such holder’s continued service with or employment by the Company.
Earned Performance Shares. Annual Compounded Revenue Growth* “Earnings Multiple”* multiplied by 40% of Target Performance Shares = Earned Performance Shares Greater Than or Equal to % 2 x 40% x Target Performance Shares Equal to % 1 x 40% x Target Performance Shares Equal to % 0.5 x 40% x Target Performance Shares Less Than % 0 x 40% a Target Performance Shares *The Earnings Multiple for Revenue Growth between the percentages designated in the above table will be interpolated. 35% of the Target Performance Shares will be earned based on the Company’s average return on invested capital (“Average ROIC”) during the Performance Period. After the Performance Period, the Average ROIC will be calculated and the number of Earned Performance Shares to be issued (subject to vesting under Section 7 and withholding of taxes under Section 14) in respect of the Average ROIC performance measure shall be based upon the following formula: Average ROIC* “Earnings Multiple”* multiplied by 35% of Target Performance Shares = Earned Performance Shares Greater Than or Equal to % 2 x 35% x Target Performance Shares Equal to % 1 x 35% x Target Performance Shares Equal to % 0.5 x 35% x Target Performance Shares Less Than % 0 x 35% x Target Performance Shares *The Earnings Multiple for Average ROIC between the percentages designated in the above table will be interpolated. The remaining 25% of the Target Performance Shares will be earned based on the Company’s total run rate savings (the “Total Invigorate Run Rate Savings”) from its Invigorate cost excellence program Exhibit 10.3 (“Invigorate”) during the Performance Period. After the Performance Period, the Total Invigorate Run Rate Savings will be calculated and the number of Earned Performance Shares to be issued (subject to vesting under Section 7 and withholding of taxes under Section 14) in respect of the Invigorate performance measure shall be based upon the following formula; provided, however, that the Compensation Committee in its discretion may determine that a lesser number of Earned Performance Shares will be issued: Total Invigorate Run Rate Savings* “Earnings Multiple”* multiplied by 25% of Target Performance Shares = Earned Performance Shares Greater Than or Equal to $ 2 x 25% x Target Performance Shares Equal to $ 1 x 25% x Target Performance Shares Equal to $ 0.5 x 25% x Target Performance Shares Less Than $ 0 x 25% x Target Performance Shares *The Earnings Multiple for Total Invigorate Run Rate Savings between the amounts designated in the ...