PSU Shares definition

PSU Shares means the Shares that a PSU Holder may receive pursuant to a particular Award
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PSU Shares. The aggregate number of shares of Common Stock as stated on the Acceptance Page. The Number of Shares of 200% of the Target PSU Shares. Common Stock Subject to PSUs Granted Hereunder PSU Shares : The Effective Date of the Award A date in 2019 as determined by the Committee in its absolute Award Date : discretion and as set forth on the Acceptance Page. Measurement Period A three-year period beginning on January 1, 2019, and Measurement Period : ending on December 31, 2021. The Date the PSU Shares Vest A date subsequent to the Measurement Period as determined Vesting Date by the Committee in its absolute discretion and as set forth on the Acceptance Page. Vesting Period A period beginning on the Award Date, and ending on the Vesting Period Vesting Date; provided, however, that if the Vesting Date falls on a weekend or federal holiday, such period shall end on the immediately following business day.1 Specific Performance Goals The Specific Performance Goals are set forth on Exhibit A. ( Specific Performance Goals This PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT Agreement is made as of the Award Date stated on the Acceptance Page by and between ▇▇▇▇▇▇▇ Manufacturing Co., Inc., a Delaware Company Recipient named on the Acceptance Page, with reference to the following facts: Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated ▇▇▇▇▇▇▇ Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended and/or restated Plan tee all authority to administer the Plan. The Committee has determined to grant to the Recipient, under the Plan, performance-based Restricted Stock Units PSUs with respect to the PSU Shares stated on the Acceptance Page. 1 For example, if the Award Date is determined by the Committee to be March 11, 2019 and the Vesting Date is determined by the Committee to be February 19, 2022, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 22, 2022 (because February 19, 2022 falls on a Saturday and Monday February 21, 2022 is a federal holiday, the immediately following business day is February 22, 2022) and the Vesting Period will be from March 11, 2019 to February 22, 2022. 1 | P a g e 01435\040\8330526.v3
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PSU Shares. The aggregate number of shares of Common Stock as stated on the Acceptance Page. Target Opportunity 100% of the Target PSU Shares Performance Period A three-year period beginning January 1, 2026 and ending December 31, 2028. The Number of Shares of Common Stock Subject to PSUs Granted Hereunder PSU Shares 200% of the Target PSU Shares. The Effective Date of the Award Award Date A date in 2026 as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. The Date the PSU Shares Vest Vesting Date A date subsequent to the Performance Period as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. Vesting Period Vesting Period A period beginning on the Award Date, and ending on the Vesting Date; provided, however, that if the Vesting Date falls on a weekend or federal holiday, such period shall end on the immediately following business day.1 Specific Performance Goals (the Specific Performance Goals The Specific Performance Goals are set forth on Exhibit A. This PERFORMANCE-BASED Agreement as of the Award Date stated on the Acceptance Page by and between ▇▇▇▇▇▇▇ Manufacturing Co., Inc., a Delaware Company Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated ▇▇▇▇▇▇▇ Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as Plan administer the Plan. The Committee has determined to grant to the Recipient, under the Plan, performance-based Restricted Stock Units PSUs with respect to the PSU Shares stated on the Acceptance Page. 1 For example, if the Award Date is determined by the Committee to be January 27, 2026 and the Vesting Date is determined by the Committee to be February 15, 2029, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 15, 2029 and the Vesting Period will be from January 31, 2026 to February 15, 2029. Exhibit 10.12
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Examples of PSU Shares in a sentence

  • Thereafter, the Corporation will transfer such PSU Shares to the Award Holder upon the Committee’s written certification as set forth in Section 3 and the satisfaction of any required tax withholding obligations, securities law registration or other requirements, and applicable stock exchange listing.

  • Upon cancellation of Performance Stock Units pursuant to this provision, all rights of the Participant to exchange such units for PSU Shares shall thereby be extinguished.

  • The Company shall not be obligated by virtue of any provision of this Agreement to recognize the vesting or issue of any PSU Shares or to otherwise sell or issue Shares in violation of any such laws, rules, regulations, or exchange policies.

  • If required by the Company, the Participant shall remit to the Company all such amounts in cash as may be necessary in order to satisfy the Company’s tax withholding obligations under applicable tax laws as condition for the issuance of the PSU Shares.

  • Accordingly, the Participant acknowledges that the Participant has been advised to consult the Participant’s personal legal and tax advisors in connection with this Agreement and the Participant’s dealings with respect to the Performance Stock Units or the PSU Shares.

  • The Company, in its sole discretion, may postpone, cancel, or amend the terms of the vesting and issuance of the PSU Shares or any other action permitted under this Agreement to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of the Shares or other required action under any federal or provincial law, rule, or regulation, or applicable stock exchange policies.

  • The grant of Performance Stock Units, the issuance of any PSU Shares and any subsequent disposition of PSU Shares may have consequences under federal, provincial and other tax and securities laws which may vary depending on the individual circumstances of the Participant.

  • Without limiting the generality of the foregoing, any certificate representing PSU Shares may bear the following legend: “THE TRANSFER OF THESE SHARES IS RESTRICTED.

  • The Participant acknowledges and agrees that the Company may take all such measures as it deems appropriate to ensure that the Company’s obligations under the withholding provisions under income tax laws applicable to the Company and other provisions of applicable securities and other laws are satisfied with respect to the grant of the Performance Stock Units or the issuance of the PSU Shares.

  • The Company may require, as a condition for granting the Performance Stock Units or issuing any PSU Shares, that the Participant execute an undertaking in a form acceptable to the Company, that the PSU Shares are being acquired as an investment and not with a view to distribution.