Absolute TSR Governor. Notwithstanding anything set forth in Section 5 above, and regardless of the Company’s Percentile Rank, if the Company’s Total Shareholder Return for the Performance Period does not exceed 3% per annum, then the number of Performance Shares that vest pursuant to Section 5 shall not exceed 100% of the number of Performance Shares granted.
Appears in 4 contracts
Sources: Performance Share Award Agreement (CTO Realty Growth, Inc.), Performance Share Award Agreement (CTO Realty Growth, Inc.), Performance Share Award Agreement (CTO Realty Growth, Inc.)
Absolute TSR Governor. Notwithstanding anything set forth in Section 5 above, and regardless of the Company’s Percentile Rank, if the Company’s Total Shareholder Return for the Performance Period does not exceed 36% per annum, then the number of Performance Shares that vest pursuant to Section 5 shall not exceed 100% of the number of Performance Shares granted.
Appears in 1 contract
Sources: Performance Share Award Agreement (Consolidated Tomoka Land Co)