Performance-Based Restricted Stock Units definition

Performance-Based Restricted Stock Units may be granted pursuant to the Key Energy Services, Inc. 2016 Equity and Cash Incentive Plan (the “Plan”);
Sample 1
Performance-Based Restricted Stock Units under the Xxxxx Limited Equity Incentive Plan (the “Plan”) covering the Target Number of Performance-Based Restricted Stock Units set forth below, subject to the terms and conditions of the Plan and this Award Agreement (this “Award Agreement”). This Award Agreement consists of this Notice of Performance-Based Restricted Stock Units Grant (the “Grant Notice”) and the attached Terms and Conditions Applicable to Performance-Based Restricted Stock Units. Defined terms not explicitly defined in this Award Agreement but defined in the Plan shall have the same definitions as in the Plan. Participant Information: Name: Address:
Sample 1Sample 2
Performance-Based Restricted Stock Units means the number of performance-based restricted stock units listed in the Participant’s agreement evidencing his or her Performance Based Restricted Stock Unit Award.
Sample 1Sample 2

Examples of Performance-Based Restricted Stock Units in a sentence

  • This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date.

  • This designation revokes and replaces all prior designations of beneficiaries under the Performance-Based Restricted Stock Units Award Agreement.

  • Dividend Equivalents may also be granted under the Plan in conjunction with Performance-Based Restricted Stock, Performance-Based Restricted Stock Units or Performance Units, at any time during the Performance Period, without consideration by the Participant.

  • In the event that Employee, prior to full settlement of the Performance-Based Restricted Stock Units, directly or indirectly, whether on Employee’s own behalf or on behalf of any other person or entity, solicits any actual or prospective customers of the Company with whom Employee had Material Contact for the purpose of selling any products or services which compete with the Business of the Company.

  • In the event that prior to full settlement of the Performance-Based Restricted Stock Units Employee makes any statements, either verbally or in writing, that are disparaging with regard to the Company or any of its subsidiaries or their respective executives and Board members.

  • By accepting the grant of Performance-Based Restricted Stock Units, Employee agrees to be bound by all of the terms and provisions of the Plan (as presently in effect or later amended), the rules and regulations under the Plan adopted from time to time, and the decisions and determinations of the Leadership Development and Compensation Committee of the Company’s Board of Directors (the “Committee”) made from time to time with respect to the Plan or this Agreement.

  • In the event that prior to full settlement of the Performance-Based Restricted Stock Units Employee fails to return all of the Company’s property and information (whether confidential or not) within Employee’s possession or control within seven (7) calendar days following the termination or resignation of Employee from employment with the Company.

  • In the event that prior to full settlement of the Performance-Based Restricted Stock Units Employee fails to promptly and fully respond to requests for information from the Company regarding Employee’s compliance with any of the foregoing conditions.

  • Any portion of the then-outstanding Performance-Based Restricted Stock Units not vested at or before the date of Employee’s Termination of Employment will be forfeited.

  • The number of Performance-Based Restricted Stock Units and the kind of shares of Stock and the other terms and conditions of the Performance-Based Restricted Stock Units are subject to adjustment in accordance with Section 5 of the attached Terms and Conditions and Section 11(c) of the Plan.


More Definitions of Performance-Based Restricted Stock Units

Performance-Based Restricted Stock Units or “PRSUs” means Restricted Stock Units granted to an Eligible Recipient pursuant to Section 6.2 and subject to a PRSU Vesting Schedule.
Sample 1Sample 2
Performance-Based Restricted Stock Units or “PSUs”). The PSUs will be subject to the terms and conditions set forth in the applicable award agreement, attached hereto as Exhibit A. The PSUs will vest pursuant to the achievement of pre-established 3-year compound annual Total Shareholder Return (“TSR”) levels, set forth below, measured based on the Company’s TSR over the three-year period following the Start Date, set forth in greater detail on Exhibit A attached hereto. Shares earned pursuant to the PSU grant (net of taxes if units are withheld to pay applicable taxes) must be held for a minimum of twelve (12) months after vesting. Total shares earned pursuant to the PSU grant shall range from 0 to 1,050,000 based on actual performance as follows: • 350,000 shares are earned if the 3-year compound annual TSR is at least 15% but below 20% at the end of three years. • 525,000 shares are earned if the 3-year compound annual TSR is at least 20% but below 25% at the end of three years. • 700,000 shares are earned if the 3-year compound annual TSR is at least 25% but below 30% at the end of three years. • 875,000 shares are earned if the 3-year compound annual TSR is at least 30% but below 35% at the end of three years. • 1,050,000 shares are earned if the 3-year compound annual TSR is at least 35% at the end of three years. Beginning in fiscal year 2022, you will be eligible to participate in the Company’s long-term incentive program, subject to the terms and conditions of such program as determined by the Compensation Committee. Future long-term incentive grants, if any, will be determined by the Compensation Committee in its sole discretion. You will be subject to the Company’s stock ownership policy or guidelines, as amended from time to time, applicable to executive officers.2
Sample 1
Performance-Based Restricted Stock Units means any award of Restricted Stock Units granted to the Participant by the Company (whether before or after such Participant’s participation in the Plan commenced), the vesting or earning of which is conditioned in whole or in part upon the achievement of one or more performance goals (e.g., the attainment of a total stockholder return metric or the achievement of a corporate financial goal), notwithstanding that the vesting or earning of such award may also be conditioned upon the continued service of the Participant.
Sample 1
Performance-Based Restricted Stock Units means the restricted stock units awarded to selected Participants, which units shall be settled by the delivery of Company stock unless deferral of payout is made pursuant to this Plan.
Sample 1

Related to Performance-Based Restricted Stock Units

  • Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance-Based Cash Award means a cash Award under Article XI of this Plan that is payable or otherwise based on the attainment of certain pre-established performance goals during a Performance Period.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.