Vesting Percentages Sample Clauses

Vesting Percentages. The number of shares of Common Stock, if any, that Participant will be entitled to receive in settlement of the vested Performance Shares will be determined on each Normal Vesting Date and, subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the following percentage of the vested Performance Shares will be awarded as shares of Common Stock to the Participant if Valero’s TSR during the Performance Period falls within the following ranges: Valero TSR Position Percent of vested Performance Shares to be awarded as Shares of Common Stock 4th Quartile 0 % 3rd Quartile 50 % 2nd Quartile 100 % 1st Quartile 150 % If Valero’s TSR is the highest achieved in the 1st Quartile for the Performance Period, Participant shall be awarded a number of shares of Common Stock equal to 200% of the Performance Shares that vested during the Performance Period.
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Vesting Percentages. The “Vesting Percentage” of Member for purposes of determining Member’s “Redemption Amount” under the provisions of Section 3.02(d)(1) of the Agreement shall be that percentage determined as of Member’s Termination Date or Valuation Date (as defined in the Agreement, and as specified below) as follows:
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Vesting Percentages. The “Vesting Percentage” for purposes of determining that portion of the Maximum Deferred Compensation Amount to which Participant is entitled upon his Separation from Service other than for Cause shall be determined as of the date of Participant’s Separation from Service as follows:
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Vesting Percentages. The number of Units, if any, that Participant will be entitled to receive in settlement of the vested Performance Units will be determined on each Normal Vesting Date and, subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the following percentage of the vested Performance Units will be awarded as Units to the Participant if NuStar Energy L.P.’s TUR during the Performance Period falls within the following ranges: NuStar TUR Position Percent of vested Performance Units to be awarded as Units 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% If NuStar Energy L.P.’s TUR is the highest achieved in the 1st Quartile for the Performance Period, Participant shall be awarded a number of Units equal to 200% of the Performance Units that vested during the Performance Period.
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Vesting Percentages. BMC TSR Minus QQQ TSR Performance Multiplier Vesting % BMC TSR Minus QQQ TSR Performance Multiplier Vesting % -50% -100% 0% -4% -8% 92% -49% -98% 2% -3% -6% 94% -48% -96% 4% -2% -4% 96% -47% -94% 6% -1% -2% 98% -46% -92% 8% 0% 0% 100% -45% -90% 10% 1% 2% 102% -44% -88% 12% 2% 4% 104% -43% -86% 14% 3% 6% 106% -42% -84% 16% 4% 8% 108% -41% -82% 18% 5% 10% 110% -40% -80% 20% 6% 12% 112% -39% -78% 22% 7% 14% 114% -38% -76% 24% 8% 16% 116% -37% -74% 26% 9% 18% 118% -36% -72% 28% 10% 20% 120% -35% -70% 30% 11% 22% 122% -34% -68% 32% 12% 24% 124% -33% -66% 34% 13% 26% 126% -32% -64% 36% 14% 28% 128% -31% -62% 38% 15% 30% 130% -30% -60% 40% 16% 32% 132% -29% -58% 42% 17% 34% 134% -28% -56% 44% 18% 36% 136% -27% -54% 46% 19% 38% 138% -26% -52% 48% 20% 40% 140% -25% -50% 50% 21% 42% 142% -24% -48% 52% 22% 44% 144% -23% -46% 54% 23% 46% 146% -22% -44% 56% 24% 48% 148% -21% -42% 58% 25% 50% 150% -20% -40% 60% Maximum Vesting % is 150% -19% -38% 62% -18% -36% 64% -17% -34% 66% -16% -32% 68% -15% -30% 70% -14% -28% 72% -13% -26% 74% -12% -24% 76% -11% -22% 78% -10% -20% 80% -9% -18% 82% -8% -16% 84% -7% -14% 86% -6% -12% 88% -5% -10% 90%
Sample 1
Vesting Percentages. The “Time Vesting Percentage” is (i) 0% until the first anniversary of the Grant Date, (ii) 33.33% on the first anniversary of the Grant Date until the second anniversary of the Grant Date, (iii) 66.66% on the second anniversary of the Grant Date until the third anniversary of the Grant Date, and (iv) 100% on after the third anniversary of the Grant Date; provided that, in each such case, the Participant has not had a Termination of Service on or prior to the applicable vesting date; provided further that, from and after the consummation of a Change in Control, the Time Vesting Percentage shall be deemed to be 100% so long as the Participant has not had a Termination of Service on or prior to the date such Change in Control is consummated. The “Performance Vesting Percentage” is the applicable percentage from the Performance Vesting Schedule set forth above, which will be determined based upon whether the Stock Price equals or exceeds the applicable VWAP Target set forth in the Performance Vesting Schedule set forth above. The “Stock Price” means the volume-weighted average trading price per share of Common Stock as reported by the principal exchange on which such Common Stock is traded for any 30 consecutive trading day period beginning on the Grant Date and ending on the third anniversary of the Grant Date; provided that in the event of the consummation of a Change in Control, “Stock Price” means the Change in Control Price.
Sample 1
Vesting Percentages. The number of Common Units, if any, that Participant will be entitled to receive in settlement of the vested Performance Units will be determined on each Normal Vesting Date and, subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the following percentage of the vested Performance Units will be awarded as Common Units to the Participant if Valero’s TUR during the Performance Period falls within Valero TUR Position Percent of vested Performance Units to be awarded as Common Units 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% If Valero’s TUR is the highest achieved in the 1st Quartile for the Performance Period, Participant shall be awarded a number of Common Units equal to 200% of the Performance Units that vested during the Performance Period.
Sample 1
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Vesting Percentages. The number of shares of Common Stock, if any, that Participant will be entitled to receive in settlement of the vested Performance Shares will be determined on each Normal Vesting Date and, subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the following percentage of the vested Performance Shares will be awarded as shares of Common Stock to the Participant if Valero's TSR during the Performance Period falls within the following ranges: Valero TSR is 4th Quartile: 0% awarded as common shares Valero TSR is 3rd Quartile: 50% awarded as common shares Valero TSR is 2nd Quartile: 100% awarded as common shares Valero TSR is 1st Quartile: 150% awarded as common shares If Valero's TSR is the highest achieved in the 1st Quartile for the Performance Period, Participant shall be awarded a number of shares of Common Stock equal to 200% of the Performance Shares that vested during the Performance Period.
Sample 1

Related to Vesting Percentages

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Time-Based Vesting Fifty Percent (50%) of the Executive Stock shall vest on each date set forth below (each, a "Vesting Date") as to that number of shares of the Executive Stock set forth opposite such Vesting Date: Vesting Date No. of shares of Executive Stock ------------ -------------------------------- On the first anniversary of the Effective 12.5% of the Executive Stock Date After the first anniversary of the Effective An additional 1.0417% of the Executive Stock Date through the fourth anniversary of the on the first day of each calendar month after the Effective Date first anniversary of the Effective Date until 50% of the Executive Stock is vested

  • Payment after Vesting Any Performance Shares that vest in accordance with paragraphs 3 through 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the applicable two and one-half (2 1/2) month period of the “short-term deferral” rule set forth in the Section 1.409A-1(b)(4) of the Treasury Regulations issued under Section 409A. Notwithstanding the foregoing, if the Performance Shares are “deferred compensation” within the meaning of Section 409A, the vested Performance Shares will be released to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the end of the calendar year that includes the date of vesting or, if later, the fifteen (15th) day of the third (3rd) calendar month following the date of vesting (provided that the Employee will not be permitted, directly or indirectly, to designate the taxable year of the payment). Further, if some or all of the Performance Shares that are “deferred compensation” within the meaning of Section 409A vest on account of the Employee’s Termination of Service (other than due to death) in accordance with paragraphs 3 through 4, the Performance Shares that vest on account of the Employee’s Termination of Service will not be considered due or payable until the Employee has a “separation from service” within the meaning of Section 409A. In addition, if the Employee is a “specified employee” within the meaning of Section 409A at the time of the Employee’s separation from service (other than due to death), then any accelerated Performance Shares will be paid to the Employee no earlier than six (6) months and one (1) day following the date of the Employee’s separation from service unless the Employee dies following his or her separation from service, in which case, the Performance Shares will be paid to the Employee’s estate as soon as practicable following his or her death, subject to paragraph 9. Any Performance Shares that vest in accordance with paragraph 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares in accordance with the provisions of such paragraph, subject to paragraph 9. For each Performance Share that vests, the Employee will receive one Share.

  • Dividend Equivalent Units On the date that the Company pays a cash dividend to holders of Stock generally, the Participant shall be credited with a number of additional whole Dividend Equivalent Units determined by dividing (a) the product of (i) the dollar amount of the cash dividend paid per share of Stock on such date and (ii) the total number of Restricted Stock Units and Dividend Equivalent Units previously credited to the Participant pursuant to the Award and which have not been settled or forfeited pursuant to the Company Reacquisition Right (as defined below) as of such date, by (b) the Fair Market Value per share of Stock on such date. Any resulting fractional Dividend Equivalent Unit shall be rounded to the nearest whole number. Such additional Dividend Equivalent Units shall be subject to the same terms and conditions and shall be settled or forfeited in the same manner and at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

  • Performance Based Bonus As additional compensation, the Executive shall be entitled to receive a performance based bonus, based on meeting revenue and cash flow objectives. The Executive shall be granted options ("Performance Options") to purchase an aggregate of 220,000 shares of Common Stock, subject to anti-dilution provisions relating to adjustments in the event that the Company, among other things, declares stock dividends, effects forward or reverse stock splits, at an exercise price of the fair market value of the date of the grant, and shall be exercisable for a period of four (4) years from the date of vesting unless sooner terminated, as described herein. The date of grant shall be the Effective Date of this Agreement. Up to one-half of these shares will be eligible for vesting on a quarterly basis and the rest annually, with the total grant allocated over a two-year period, starting with the quarter ended December 31, 2007. Vesting of the quarterly portion is subject to achievement of increased revenues over the prior quarter as well as positive and increased net cash flow per share (defined as cash provided by operating activities per the Company’s statement of cash flow, measured before changes in working capital components and not including investing or financing activities) for that quarter. Vesting of the annual portion is subject to meeting the above cash flow requirements on a year-over-year basis, plus a revenue growth rate of at least 30% for the fiscal year over the prior year, starting with the fiscal year ended September 30, 2008. In the event of quarter to quarter decreases in revenues and or cash flow, the Performance Options shall not vest for that quarter but the unvested quarterly Performance Options shall be added to the available Performance Options for the year, vested subject to achievement of the applicable annual goal. In the event this Agreement is not renewed or the Executive is terminated other than for Cause, the Executive shall be entitled to register the stock underlying the vested portion of the Performance Options provided hereunder on the terms and conditions set forth in a registration rights agreement to be mutually agreed upon by and between Executive and the Company. The Company shall file such Registration Statement as promptly as practicable and at its sole expense. The Company will use its reasonable best efforts through its officers, directors, auditors and counsel in all matters necessary or advisable to file and cause to become effective such Registration Statement as promptly as practicable. Company and Executive agree that this bonus program will continue after the initial two-year period, through the end of the Term, with the specific bonus parameters to be negotiated in good faith between the parties at least ninety (90) days before the expiration of the program then in place.

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