Partial Performance definition
Examples of Partial Performance in a sentence
In the case of Partial Performance, Twenty-Five Percent (25%) of the Shares shall vest on the last day of the Performance Period (which shall be deemed the “Partial Performance Achievement Date” in the case of Partial Performance) and such Shares shall be promptly issued and delivered by the Company to the Participant, provided the Participant remains employed by the Company in an executive position through such date.
In the case of Partial Performance, Twelve and One-Half Percent (12.5%) of the Shares shall vest on the second anniversary of the Partial Performance Achievement Date, provided the Participant remains employed by the Company in an executive position through such date.
In the case of Partial Performance, Twelve and One-Half Percent (12.5%) of the Shares shall vest on the first anniversary of the Partial Performance Achievement Date, provided the Participant remains employed by the Company in an executive position through such date.
Vesting and settlement of the Performance-Vesting RSUs and the grant and vesting of the Performance Shares and Partial Performance Shares shall be subject to the Participant’s satisfying any applicable U.S. federal, state and local tax withholding obligations and non-U.S. tax withholding obligations.
Rather, the Contractor’s rights are exclusively limited to Partial Performance Payment and/or termination costs.
If such claim is not submitted within three months, the Contractor waives any right to the claim for Partial Performance Payment and/or termination costs.
The granting and settlement of the Performance-Vesting RSUs and the granting and vesting of the Performance Shares and Partial Performance Shares, and any other obligations of the Company under this Agreement, shall be subject to all applicable U.S. federal, state and local laws, rules and regulations, all applicable non-U.S. laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required.
The granting and settlement of the Time-Vesting RSUs and Performance-Vesting RSUs and the granting and vesting of the Performance Shares and Partial Performance Shares, and any other obligations of the Company under this Agreement, shall be subject to all applicable U.S. federal, state and local laws, rules and regulations, all applicable non-U.S. laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required.
The Time-Vesting RSUs, Performance-Vesting RSUs, Performance Shares and Partial Performance Shares shall at all times be subject to any clawback or similar policy or program established by the Company, as may be amended from time to time (a “Clawback Policy”).
Any Performance-Vesting RSUs that become earned pursuant to this Section 3(b) shall be settled in the Partial Performance Shares on, or as soon as reasonably practicable following, the date of termination (but in any event on or prior to March 15 of the calendar year following the year in which the date of termination occurs).