Performance Accelerated Restricted Stock Award Plans
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.
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Performance Accelerated Restricted Stock Award Plan
A plan in which a company grants an employee restricted stock, which vests after a certain period of time or when a certain performance benchmark is reached, whichever comes first.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved