PSU Award definition

PSU Award means (i) when immediately preceded by “Merck,” a performance share unit award granted pursuant to a Merck Stock Program and outstanding immediately prior to the Distribution Date; (ii) when immediately preceded by “Adjusted Merck,” a performance share unit award granted pursuant to a Merck Stock Program adjusted in accordance with Section 6.01; and (iii) when immediately preceded by “Organon,” a performance share unit award granted by Organon in accordance with Section 6.01.
PSU Award means an award under the Plan designated as a “PSU Award”, pursuant to which a payment shall be made to the Grantee on the applicable PSU Payment Date, determined subject to and in accordance with the terms and conditions of the Plan;
PSU Award means when immediately preceded by “Chicago,” an award of performance share units relating to shares of Chicago Common Stock granted under the Chicago Stock Plan.

Examples of PSU Award in a sentence

  • Without limiting the generality of the foregoing, with respect to the performance-vesting restricted stock unit award granted to Employee on August 16, 2023 (the “Employee PSU Award”), no portion of such award has been determined by the Compensation Committee to have met the associated Success Factor (as defined in Exhibit A to the Employee PSU Award grant notice), and as such the Employee PSU Award will be forfeited in its entirety.


More Definitions of PSU Award

PSU Award is defined in Section 6.18.
PSU Award means (i) when immediately preceded by “Baxter,” a performance share unit award granted pursuant to a Baxter Stock Program and outstanding immediately prior to the Distribution Date; (ii) when immediately preceded by “Adjusted Baxter,” a performance share unit award granted pursuant to a Baxter Stock Program adjusted in accordance with Section 6.01; and (iii) when immediately preceded by “Baxalta,” a performance share unit award granted by Baxalta in accordance with Section 6.01.
PSU Award means a contingent right to acquire Shares pursuant to the Plan subject to the achievement of a Performance Target;
PSU Award means an award under the Plan designated as a "PSU Award", pursuant to which a payment shall be made or Common Shares shall be issued to the Grantee on the applicable PSU Payment Date, determined subject to and in accordance with the terms and conditions of the Plan and which shall, unless otherwise determined by the Board, initially represent one notional Common Share;
PSU Award means an award of performance share units corresponding to Company Shares issued under (a) the Performance Share Unit Plan for the Senior Management of Uni-Select Inc. and Affiliates, as amended and restated on November 14, 2018, or (b) the Performance Share Unit Plan for Employees of Uni-Select Inc. and Affiliates, dated February 17, 2022.
PSU Award means an award of performance share units corresponding to Company Shares issued under either of the PSU Plans; provided that (a) any reference herein to an “Annual PSU Award” shall be construed as a reference to a PSU Award issued by the Company as part of its usual recurring annual grant of PSU Awards to eligible Company Employees, and (b) any reference herein to a “Co-Investment PSU Award” shall be construed as a reference to a PSU Award issued by the Company subject to the satisfaction of vesting conditions relating to the achievement of certain share ownership guidelines by the holder thereof; in each case, as specified on the register of PSU Awards maintained by or on behalf of the Company; and provided further that each PSU Award must be either an Annual PSU Award or a Co-Investment PSU Award (but not both).
PSU Award means any restricted stock unit award granted by the Company to a Participant and which is Performance-Based Compensation.