PRSU means a performance related restricted stock unit, each of which entitles the Participant to receive one Share, subject to the terms and conditions of the Plan and the Award Agreement.
PRSU when immediately preceded by “KAR,” means a performance-based RSU granted by KAR prior to the Effective Time pursuant to a KAR Equity-Based Plan and when immediately preceded by “SpinCo,” means a performance-based RSU granted by SpinCo granted pursuant to the SpinCo Long Term Incentive Plan as part of the adjustment to KAR PRSUs as set forth in Section 4.02.
PRSU or “Performance Restricted Stock Unit” means a performance-based restricted stock unit granted hereunder pursuant to the Plan.
Examples of PRSU in a sentence
Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.
Unless and until a PRSU becomes vested, the Participant will have no right to settlement of such PRSU.
Special deferred incentive awards are granted outside the year end compensation process and include grants to new hires, retention awards, and performance units earned under PRSU grants.
Except as provided in Section 1.4, the PRSUs will be permanently forfeited if your Termination Date occurs prior to the PRSU Vesting Date.
Each PRSU is subject to the Compensation Committee’s negative discretion when approving the settlement thereof.
More Definitions of PRSU
PRSU means a performance-based restricted share unit issued by the Company pursuant to, or otherwise governed by the Equity Plans, that vests in whole or in part based on the achievement of performance goals, pursuant to which the holder has a right to receive Common Shares or an equivalent cash payment after the vesting or lapse of restrictions applicable to such unit. “PRSUs” shall not include any RSUs.
PRSU means a performance related restricted stock unit, each of which entitles the Participant
PRSU means a performance-related RSU;
PRSU means a performance restricted stock unit, each of which entitles the Participant to
PRSU means a performance-based restricted stock unit covering a Share that may be settled in cash and/or by issuance of a Share.
PRSU means an award granted under Section 2.
PRSU means a Restricted Stock Unit, the vesting of which is based, in whole or in part, upon the attainment of performance goals or conditions.