Performance Vested RSUs definition

Performance Vested RSUs means the product of (i) the total number of RSUs granted hereby, and (ii) the applicable Performance Vesting Percentage.
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Performance Vested RSUs means (i) the Absolute TSR Vested RSUs, plus (ii) the Relative TSR Vested RSUs.
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Performance Vested RSUs will vest based on (i) satisfaction of the performance targets during each applicable three-year performance period, as set forth in Exhibit A, and (ii) the Participant’s continuing Employment throughout such applicable performance period and through the third anniversary of the Grant Date. Of the Participant’s Performance-Vested RSUs, [___]% will be subject to a “[________________]” performance target and [___]% will be subject to a “[________________]” performance target, as provided in Exhibit A. Each performance target will vest from [___]% to [___]%, as provided in Exhibit A.
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Examples of Performance Vested RSUs in a sentence

  • Earned EPS Performance- Vested RSUs would continue to vest per their normal vesting schedule (i.e., the anniversary of grant date).

  • Subject to Sections 5(b) and 6(b) below, upon such determination by the Committee, the Restrictions set forth in Section 6(a) below applicable to any outstanding Performance Vested RSUs (if any) shall lapse and such Performance Vested RSUs shall become fully vested, subject to Participant’s continued status as a Service Provider through such vesting date.

  • Total Time Vested RSUs Performance Vested RSUs Options Value%Receivable ifGrant Grant minimum GrantShare Date Fair # of Date Fair # of performance Date Fair # of Exercise price Value RSUs Value PRSUs achieved Value Options priceMr. Kenny$28.19 113,742,766487,5052——Mr. Barns — — — 4,124,341 147,6018 50% — — — 4,124,341 1 Grant Date was December 3, 2018.

  • The award agreement relating to the Performance Vested RSUs is attached hereto as Exhibit A.

  • As soon as reasonably practicable (but in no event more than forty- five (45) days) following the completion of the Performance Period, the Committee shall determine the Company TSR Percentage, the Index TSR Percentages, the Index Relative Performance, the Relative TSR Performance Vesting Percentage and the number of RSUs granted hereby that have become Performance Vested RSUs, in each case as of the completion of the Performance Period.

  • Notwithstanding subsection (a) above, if you incur a Termination of Employment during the Restricted Period as a result of your death or Disability (as defined in your Letter Agreement), the Performance Vested RSUs will vest in full as of such Termination of Employment.

  • Any RSUs granted hereby which do not satisfy the requirements to become Performance Vested RSUs as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.


More Definitions of Performance Vested RSUs

Performance Vested RSUs means (i) the AFFO Vested RSUs, plus (ii) the Same- Property NOI Growth Vested RSUs. (m) “Qualifying Termination” means a Termination of Service by reason of (i) the Participant’s death, (ii) a termination by the Company or any Subsidiary due to the Participant’s Disability, or (iii) a termination by the Company or any Subsidiary other than for Cause or by the Participant for Good Reason. (n) “Restrictions” means the exposure to forfeiture set forth in Sections 5(a) and 6(a). (o) “Same-Property NOI Growth Performance Vesting Percentage” means the percentage determined as set forth on Exhibit A attached hereto, which is a function of the Shopping Center Index Relative Performance during the Performance Period. (p) “Same-Property NOI Growth RSUs” means the number of RSUs designated as Same- Property NOI Growth RSUs on Exhibit A attached hereto. 2 Target LTI to be included for SVPs and above. 3
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Performance Vested RSUs will vest based on (i) satisfaction of the performance targets during each applicable three-year performance period, as set forth in Exhibit A, and (ii) the Participant’s continuing Employment throughout such applicable performance period and through the third anniversary of the Grant Date. Of the Participant’s Performance-Vested RSUs, [__]% will be subject to a “[______________]” performance target and [___] will be subject to a “[______________]” performance target, as provided in Exhibit A. The Performance-Vested RSUs subject to the [______________] performance target will vest from [__]% to [__]% and the Performance-Vested RSUs subject to the [______________] performance target will vest from [__]% to [__]%, as provided in Exhibit A.
Sample 1

Related to Performance Vested RSUs

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

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

  • 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 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;

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

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • 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.