Performance Vesting Date. Payout Range: 0% to 150% of Target Number of mPRSUs Performance Period: to . Performance Criteria: • Index PHLX Semiconductor Sector Index, a global index traded on the NASDAQ OMX PHLX with a trading symbol of “SOX”
Performance Vesting Date means the later of the last day of the Performance Period and the Performance Certification Date.
Performance Vesting Date. For purposes of this Agreement, “Performance Vesting Date” means the later of (1) the third anniversary of the Date of Grant and in no event later than March 15 of the calendar year following the date set forth under “End of the Performance Period” above and (2) the date on which the Committee certifies the level of achievement of the Management Objectives specified under “Management Objectives” above to determine the number of Performance Shares, if any, that become vested and earned hereunder. THIS PERFORMANCE SHARES AWARD AGREEMENT (this “Agreement”), effective as of the Date of Grant, evidences the grant by Xxxxxx Aluminum Corporation, a Delaware corporation (the “Company”), to the Participant named above (the “Participant”) pursuant to the provisions of the Plan of the number of Performance Shares set forth under “Number of Performance Shares Granted” above (“Target Performance Shares”). Except as otherwise provided in Section 5 or Section 6 of this Agreement, the number of Performance Shares that may become vested and earned under this Agreement shall be from 0% to 200% of the number of Target Performance Shares, with the specific number vested and earned hereunder to be determined as set forth under “Formula for Determining Performance Shares Earned” above based on the level of achievement of the Management Objectives specified under “Management Objectives” above during the period from and including the first day of the three-year period ending on the date set forth under “End of Performance Period” above through and including the date set forth under “End of Performance Period” above. This Agreement and the Plan collectively provide a complete description of the terms and conditions governing the Performance Shares that may be earned hereunder. If there is any inconsistency between the terms of this Agreement, on the one hand, and the terms of the Plan, on the other hand, the Plan’s terms shall control. All capitalized terms shall have the meanings ascribed to them in the Plan unless specifically set forth otherwise herein.
Examples of Performance Vesting Date in a sentence
Except as otherwise provided herein, the Participant’s right to receive Shares subject to the mPRSUs is contingent upon the Participant continuing to provide Service (as defined in Section 3 below) to the Company (or any Related Entity) through the Performance Vesting Date.
Shares underlying all Time-Based RSUs that vest in accordance with the terms of this Section 5 shall be issued as soon as practicable following such vesting and Performance-Based RSUs that vest in accordance with the terms of this Section 5 shall be issued as soon as practicable following the Performance Vesting Date.
Unless otherwise provided in this Agreement, so long as the Participant continues to be employed by the Company or any of its Subsidiaries through the end of the Performance Period, the Participant shall, on the Performance Vesting Date (defined in Section 2(a)(ii) below), vest in and earn the number of Performance RSUs determined as set forth on Exhibit A hereto.
Except as may be provided under Section 8 of the Plan, the Company will make no adjustment for dividends (ordinary or extraordinary and whether in cash, securities or other property) or distributions of other rights for which the record date is prior to the Performance Vesting Date of a PSU.
The accused student may then make a brief statement to the Board of Trustees and present any relevant evidence.
More Definitions of Performance Vesting Date
Performance Vesting Date. February [ ], 201[X + 1] Payout Range: 0% to 150% of Target Number of mPRSUs Performance Period: January 1, 201[ ] to December 31, 201[X] Performance Criteria: • Index
Performance Vesting Date means each December 31 during the Initial Term, commencing with December 31, 2012, and ending with December 31, 2015. Actual vesting shall occur upon certification of achievement of the performance goals by the Compensation Committee.
Performance Vesting Date means, if a Change in Control occurs before the last day of the Performance Period (determined without regard to the Change in Control), the date of the Change in Control, and in all other cases, the later of the last day of the Performance Period and the Performance Certification Date.
Performance Vesting Date means March 31, 2011.
Performance Vesting Date means December 31, .
Performance Vesting Date. Payout Range: 0% to 150% of Target Number of mPRSUs Performance Period: to . Performance Criteria: • Index PHLX Semiconductor Sector Total Return Index, a global index traded on the NASDAQ OMX PHLX with a trading symbol of “XSOX” • Vesting Formula Target Number of mPRSUs x (100% + ((LRCX TSR % – Index TSR %) x 2)) = mPRSUs vested (subject to the maximum in the Payout Range) ◦ Target Number of mPRSUs is vested if the LRCX TSR % equals the Index TSR % ◦ Number of mPRSUs vested increases by 2% of target for each 1% that the LRCX TSR % exceeds the Index TSR % ◦ Number of mPRSUs vested decreases by 2% of target for each 1% that the LRCX TSR % trails the Index TSR % ◦ The result of the Vesting Formula is rounded down to the nearest whole number • LRCX TSR % (LRCX 50-trading day average closing price as of the last trading day of the Performance Period – LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Index TSR % (Index 50-trading day average closing price as of the last trading day of the Performance Period – Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Notes: ▪ The LRCX TSR % calculation assumes any dividends paid on the Company’s common stock are reinvested on the ex-dividend date. ▪ All Index TSR % calculations are based on the companies traded on the Index as of the applicable dates o E.g., The Index is used as of the applicable dates even if companies are added / removed from the Index during the Performance Period. ▪ The Company’s relative performance is determined using calculations based on the 50-trading day average closing price methodology for all TSR calculations. ▪ In the event of a Triggering Event, the closing price of the Company’s common stock as of the closing date of the Triggering Event is used to convert the sum of the “performance pro rata” and “target pro rata” number of Shares into the Cash Award. ▪ If the Index is no longer traded / calculated, the Company’s relative performance is determined using calculations based on the companies included in the Index at the time trading / calculation last occurred. The Compensation Co...
Performance Vesting Date means March 31, 2012.