Common use of Performance-Based Vesting Clause in Contracts

Performance-Based Vesting. All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting condition under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall vest (i.e., satisfy the performance-based vesting conditions) as follows:

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp)

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Performance-Based Vesting. All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting condition conditions under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall conditionally vest (i.e., satisfy the performance-based vesting conditions) as follows:

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp)

Performance-Based Vesting. All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting condition conditions under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall conditionally vest (i.e., satisfy the performance-based vesting conditions) as follows, subject to the Participant’s continued employment with the Company or any of its Subsidiaries as of each vesting date, as set forth in Section 3(a)(ii) hereof:

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp)

Performance-Based Vesting. All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting condition conditions under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall conditionally vest (i.e., satisfy the performance-based vesting conditions) as follows, subject to the Participant’s continued employment with the Company or any of its Subsidiaries through the date the PRSU vests and, as set forth in Section 3(a)(ii) hereof:

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Masonite International Corp), Performance Restricted Stock Unit Agreement (Masonite International Corp)

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Performance-Based Vesting. All of the PRSUs are nonvested and forfeitable as of the Grant Date. Subject to the satisfaction of the time-based vesting condition under Section 3(a)(ii) hereof, and except as set forth in Sections 3(b) and 3(c) hereof, the PRSUs shall vest (i.e., satisfy the performance-based vesting conditions) condition as follows:

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Masonite International Corp)

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