Performance-Based RSUs definition

Performance-Based RSUs has the meaning set forth in Section 4.03(b).
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Performance-Based RSUs shall have the meaning set forth in Section 3(d)(ii).
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Performance-Based RSUs means those Assumed RSUs that have their vesting determined, wholly or in part, by the achievement of performance criteria specified prior to the start of the performance period.
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Examples of Performance-Based RSUs in a sentence

  • Any Performance-Based RSUs that vest in accordance with Section 5(b) prior to the date the Committee determines the level of performance goal achievement applicable to such RSUs shall not be adjusted pursuant to the LTIP.

  • Any such dividend equivalents relating to Performance-Based RSUs that are forfeited shall also be forfeited.

  • The amount of dividend equivalents payable to the Grantee shall be adjusted to reflect the adjustment made to any related Performance-Based RSUs pursuant to Section 6 (which shall be determined by multiplying such amount by the percentage adjustment made to the related RSUs).

  • The particular performance criteria that applies to the Performance-Based RSUs are set forth in Exhibit A to this Agreement.

  • The particular performance criteria that apply to the Performance-Based RSUs are set forth in Exhibit A to this Agreement.

  • One-half of each Annual RSU Award (the "Performance-Based RSUs") shall vest on the third anniversary of the grant date of such Annual RSU Award based on the achievement of certain Company performance goals.

  • No crediting of Performance-Based RSUs shall be made pursuant to this Section 3 with respect to any Performance-Based RSUs which, as of such record date, have either been delivered or terminated pursuant to the Plan or this Agreement.

  • Neither the Participant nor any other person shall become the beneficial owner of the Shares underlying the Performance-Based RSUs, nor have any rights to dividends (other than rights to Dividend Equivalents pursuant to Section 3) or other rights as a stockholder with respect to any such Shares, until and after such Shares have been actually issued to the Participant and transferred on the books and records of the Corporation or its agent in accordance with the terms of the Plan and this Agreement.

  • It is intended that the Shares received in respect of the Performance-Based RSUs shall have been registered under the Securities Act.

  • Performance-Based RSUs and Dividend Equivalents shall not be deemed to be “Covered Compensation” under any other benefit plan of the Corporation.


More Definitions of Performance-Based RSUs

Performance-Based RSUs. Subject to adjustment as set forth below, 1,033,076 RSUs will vest in three (3) equal tranches upon attainment of the following applicable performance conditions for each tranche; provided that the Grantee remains in continuous employment with the Corporation through the date on which the Compensation Committee certifies that the revenue targets below have been attained: Tranche 1: 344,358.667 RSUs will vest upon the Corporation’s attainment, on or before December 31, 2026, of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters. Tranche 2: 344,358.667 RSUs will vest upon the Corporation’s attainment, on or before December 31, 2026, of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters. Tranche 3: 344,358.667 RSUs will vest upon the Corporation’s attainment, on or before December 31, 2026, of revenue of more than $39,220,000 accumulated over four consecutive fiscal quarters. The determination of revenue for any fiscal period shall be made on the basis of the Corporation’s revenues on a consolidated basis for each such fiscal period if the Grantee remains in continuous employment with the Corporation (or any of its subsidiaries) through the date the Compensation Committee certifies the revenue for such fiscal period and authorizes the issuance of the underlying shares of Corporation common stock to the Grantee pursuant to his award agreement. In the event of any corporate acquisitions or dispositions by the Corporation or any of its subsidiaries (whether by means of a merger or consolidation, by purchase or sale of stock or assets or by spinoff or any similar transaction) that occurs after the grant date (a “Corporate Transaction”), the Committee or the Board may, in its sole and absolute discretion, adjust the revenue objectives or exclude in whole or in part from any entity or business acquired by the Corporation in a Corporate Transaction or otherwise increase or decrease the number of shares of common stock issued upon settlement of the RSUs to reflect the impact that such Corporate Transaction may have on the Corporation’s revenue for any fiscal period or periods. The RSUs shall have such other terms and conditions including as to Change of Control as shall be customary for awards to senior executives of the Corporation under the Plan
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Performance-Based RSUs. Subject to adjustment as set forth below, 30,332 RSUs will vest in three (3) equal tranches upon attainment of the targets set by the Board or Compensation Committee in its sole discretion by 31 March 2024. In order for each such tranche of RSUs to vest, the Grantee must have remained in continuous employment with the Company on each applicable vesting date.
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Performance-Based RSUs. Subject to adjustment as set forth below, 19,649 RSUs will vest in three (3) equal tranches upon attainment of the targets set by the Board in its sole discretion in February 2022. In order for each such tranche of RSUs to vest, the Grantee must have remained in continuous employment with the Company on each applicable vesting date. Tranche 1: 6,549 RSUs will vest upon the Corporations attainment, on or before December 31, 2026 of revenue of more than $35,575,000 accumulated over four consecutive fiscal quarters. Tranche 2: 6,550 RSUs will vest upon the Corporations attainment, on or before December 31, 2026 of revenue of more than $37,353,000 accumulated over four consecutive fiscal quarters. Tranche 3: 6,550 RSUs will vest upon the Corporations attainment, on or before December 31, 2026 of revenue of more than $39,220,000 accumulated over four consecutive fiscal quarters.
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Related to Performance-Based RSUs

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

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

  • Performance-Based Compensation means compensation qualifying as “performance-based compensation” under Section 162(m) of the Code.

  • 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.

  • Performance-based contracting means the structuring of all

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

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Performance-Based Exception means the performance-based exception from the tax deductibility limitations of Code Section 162(m).

  • Other Equity-Based Award means an Award that is not an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, or Performance Share Award that is granted under Section 10 and is payable by delivery of Common Stock and/or which is measured by reference to the value of Common Stock.

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Other Share-Based Awards means Awards consisting of Share units, or other Awards, valued in whole or in part by reference to, or otherwise based on, Shares.

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

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

  • 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.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • 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;

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

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

  • 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.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.