Performance Accelerated Restricted Stock Award Plans ("PARSAPs")
Also known as performance-accelerated restricted stock ("PARS") and time-accelerated restricted stock award plans ("TARSAPs"). Grants of restricted stock or restricted stock units which may vest early upon attainment of specified performance objectives. Otherwise, a time-vesting schedule would remain in effect.
Nearby TermsPerfected first lien Perfectly competitive financial markets Performance Accelerated Restricted Stock Award Plans ("PARSAPs") Performance attribution analysis Performance bond
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University