Examples of Performance Equity Award in a sentence
If the third Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the second most recent Unvested Annual Period shall vest on the Cumulative Measurement Date and, if necessary, a fourth Sum Cumulative Realized Percentage shall be determined by using measurements only from the applicable Vested Annual Period(s) and the three most recent Unvested Annual Periods.
If the second Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the most recent Unvested Annual Period shall vest on the Cumulative Measurement Date and a third Sum Cumulative Realized Percentage shall be determined by using measurements only from the applicable Vested Annual Period(s) and the two most recent Unvested Annual Periods.
Finally, if the fourth Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the third most recent Unvested Annual Period shall vest on the Cumulative Measurement Date.
Such bulkheads, door frames, and fire doors shall be constructed of fireproof material and so placed and maintained that they can be readily closed and will be reasonably gas-tight.
Any Parent Common Stock acquired by you pursuant to your Inaugural Equity Award, Performance Equity Award, and Parent’s annual equity incentive compensation award (but not, for the avoidance of doubt, any Purchased Shares) shall be subject to the applicable Parent Equity Retention Policy, a copy of which has been provided to you.
If the fifth Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the fourth most recent Unvested Annual Period shall vest on the Cumulative Measurement Date.
As described below, the Performance Equity Award vests upon achieving and maintaining certain stock price targets over a three year period.
The terms and conditions of your Performance Equity Award, if any, shall be determined by the Chief Executive Officer of Parent in his sole discretion after consultation with Xxxxxxx Xxxxxxxx.
You may be granted a restricted stock unit award in respect of Parent Common Stock, based on the performance of the CardConnect business and related Parent businesses (the “Performance Equity Award”), it being understood that the Performance Equity Award (if any) shall be a special one-time grant and not in satisfaction of Parent’s obligations under Section 2(a)(ii).
The Sign-On Performance Equity Award will otherwise be subject to the terms and conditions of the applicable Company equity plan and an award agreement to be entered into between Executive and the Company thereunder.