JOHNSON CONTROLS INTERNATIONAL PLC (NYSE:JCI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
| • | 99,750 performance share units (“Retention PSUs”), representing a target value of $4million, which vest on or about December7, 2020 at the end of a three year performance period. The Retention PSUs will be subject to the same performance criteria as the 2018 LTIPP Awards. In the event Mr.Stief retires, or the Company terminates his employment other than for Cause, prior to end of the three year performance period, he would be entitled to a pro-rated portion of the Retention PSUs at the end of the performance period to the extent the performance criteria are met. In the event of Mr.Stief’s termination due to death or disability, he would be entitled to receive all of the Retention PSUs at the end of the performance period, but only to the extent the performance criteria are met; and |
| • | 99,750 restricted share units (“Retention RSUs”), representing a target value of $4million, which vest on the third anniversary of the date of grant provided that Mr.Stief remains employed with the Company through the date of vesting. In the event of Mr.Stief’s termination due to death or disability, the Retention RSUs would vest in full. In the event the Company terminates Mr.Stief’s employment other than for Cause, a pro rata portion of such Retention RSUs will vest. Such RSUs would not vest in the event of Mr.Stief’s retirement prior to the third anniversary of the grant date. |
Johnson Controls International plc ExhibitEX-10.1 2 d457963dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 JOHNSON CONTROLS INTERNATIONAL PLC 2012 SHARE AND INCENTIVE PLAN (AMENDED AND RESTATED AS OF SEPTEMBER 2,…To view the full exhibit click here
