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What is PerformanceAccelerated Restricted Stock Award Plans?

Definition of PerformanceAccelerated Restricted Stock Award Plans

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.
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