Determination of Number of Shares under Performance Share Award Sample Clauses

The 'Determination of Number of Shares under Performance Share Award' clause defines how the exact number of shares to be granted to an employee or participant is calculated based on the achievement of specified performance criteria. Typically, this involves setting performance targets—such as financial metrics or operational goals—and then applying a formula or scale to determine the final share allocation depending on the level of performance achieved. This clause ensures a transparent and objective process for awarding shares, aligning employee incentives with company performance and reducing ambiguity or disputes over share entitlements.
Determination of Number of Shares under Performance Share Award. The number of Shares issuable under (i) the revenue component of your Performance Share Award (the “Revenue Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification for the revenue component (“Revenue Target”) and (ii) the TSR component of your Performance Share Award (the “TSR Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification for the TSR component (“TSR Target”), in each case as determined below. 
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Determination of Number of Shares under Performance Share Award. The number of Shares issuable under your Performance Share Award (the “Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification (“Target”) determined as set forth below. (i) Within 60 days after the end of the Performance Period, the Committee will (A) calculate the TSR for Best Buy and for each company included in the S&P 500 Index at the time of any calculation hereunder, (B) rank each such company by TSR (lowest to highest), and (C) determine the percentile rank of Best Buy’s TSR in such ranking by dividing Best Buy’s numerical position in such TSR ranking by the total number of companies included in the list, rounding to the nearest hundredth (“Relative TSR”). For example, if Best Buy were ranked 300 out of 500, its Relative TSR would be 60%. (ii) The Performance Share Number will be equal to the percentage of the Target that is listed in the column below with the heading “Number of Shares Earned” opposite the band in the column with the heading “Performance” in which Relative TSR falls. If Relative TSRR is between Threshold TSR and Target TSR or between Target TSR and Maximum TSR, the number of Shares issuable under your Performance Share Award will be equal to a percentage interpolated on a linear basis for performance between such amounts. For example, if Best Buy's Relative TSR is 60%, then the number of Shares issuable under your Performance Share Award would be 125% of your Target. The Performance Share Number will be rounded to the nearest whole number. Relative TSR less than 30% (“Threshold TSR”) 0 Relative TSR 30% or greater but less than 50% 50%-99% of Target Relative TSR 50% (“Target TSR”) or greater but less than 70% 100%-149% of Target Relative TSR Greater than 70% (“Maximum TSR”) 150% of Target The number of performance shares earned will be interpolated on a linear basis for performance between Threshold and Target and between Target and Maximum.
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Determination of Number of Shares under Performance Share Award. The number of Shares issuable under (i) the revenue component of your Performance Share Award (the “Revenue Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification for the revenue component (“Revenue Target”) and (ii) the TSR component of your Performance Share Award (the “TSR Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification for the TSR component (“TSR Target”), in each case as determined below. The percentage allocation for each target will range from 0% to 100%, however, the sum of the percentage allocations for both targets must equal 100%. For example, if the percentage allocation for your 2 
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Related to Determination of Number of Shares under Performance Share Award

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Certification of Adjusted Exercise Price or Number of Shares of Common Stock Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.