Earned Performance Share Units Sample Clauses
Earned Performance Share Units. If the Employee remains continuously employed (including during the continuance of any leave of absence as approved by the Company or an Affiliate) by the Company or an Affiliate, the Employee shall earn the number of Performance Share Units determined by taking the sum of the percentages earned in the tables shown in Section 3(a) and 3(b) below, and multiplying the sum percentage times the target number of Performance Share Units specified at the beginning of this Agreement.
(a) The number of the Performance Share Units that will be earned pursuant to this Section 3(a) will be determined by reference to the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group as provided in the table below: Below 35th percentile 0% 35th percentile (threshold) 25% 50th percentile (target) 50% 75th percentile or above (maximum) 75% Note: Interpolation between points in the table above will be on a straight-line basis (from threshold to target and from target to maximum). * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan.
(b) The number of the Performance Share Units that will be earned pursuant to this Section 3(b) will be determined by reference to the Company’s Average Adjusted Return on Equity as provided in the table below: CompanyAverage Adjusted Return on Equity % of Performance Share Units Earned Below 8.5% 0% 8.5% (threshold) 25% 13.5 - 15.5% (target) 50% 17.5% or greater (maximum) 75% Note: Interpolation between points in the table above will be on a straight-line basis (from threshold to target and from target to maximum).
(c) As used in this Agreement, the following terms have the meanings provided below:
(i) “Adjusted Earnings” is equal to the net income attributable to the Company as set forth in the Company’s published fiscal year-end financial disclosures, as adjusted to exclude (1) revenues and expenses related to non‑controlling interests; (2) amortization of intangible assets related to acquisitions; (3) compensation and non-compensation expenses for acquisition-related agreements; (4) restructuring and acquisition integration costs; (5) losses related to the impairment of goodwill and other intangible assets; (6) adjustments resulting from a change in an existing, or application of a new, accounting principle that is not applied on a fully retroactive basis; and (7) other expenses, losses, income or gains that are separately disclosed...
Earned Performance Share Units. (a) If the Employee remains continuously employed (including during the continuance of any leave of absence as approved by the Company or an Affiliate) by the Company or an Affiliate, the number of the Performance Share Units that will be earned pursuant to this Section 3(a) will be determined by reference to the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group as provided in the table below: Below 50th percentile 0% 50th percentile 25% 75th percentile or above 50% Note: Interpolation between points in the table above will be on a straight-line basis.
(b) If the Employee remains continuously employed (including during the continuance of any leave of absence as approved by the Company or an Affiliate) by the Company or an Affiliate, the number of the Performance Share Units that will be earned pursuant to this Section 3(b) will be determined by reference to the Company’s Total Shareholder Return as provided in the table below: Below 15% 0% 15% — 24.9% 12.5% 25% — 34.9% 25% 35% — 39.9% 37.5% 40% or greater 50%
(c) As used in this Agreement, the following terms have the meanings provided below:
Earned Performance Share Units. The number of PSUs earned under this Agreement (the “Earned PSUs”) shall be equal to the Target PSUs multiplied by the TSR Performance Multiplier (as defined herein), rounded up to the nearest whole unit. The “TSR Performance Multiplier” will be determined by comparing the Company’s total stockholder return to the total stockholder return of each of the companies in the Comparator Peer Group (as set forth below) over the period commencing on January 1, 2025 and ending on December 31, 2027 (the “Performance Period”) to determine the Company’s TSR ranking against the Comparator Group. For purposes of computing total stockholder return: (i), any dividends paid by the Company or the companies in the Comparator Group shall be treated as having been reinvested at the closing price as of the ex-dividend date; and (ii) the beginning stock price will be the average stock price over the 20 trading days ending on the last trading day immediately preceding the date on which the Performance Period begins and the ending stock price will be the average stock price over the 20 trading days ending on the last day of the Performance Period (adjusted, as applicable, for stock splits, reorganizations, recapitalizations, or similar corporate transactions during such period).
Earned Performance Share Units. (a) If the Employee remains continuously employed (including during the continuance of any leave of absence as approved by the Company or an Affiliate) by the Company or an Affiliate, the number of the Performance Share Units that will be earned pursuant to this Section 3(a) will be determined by reference to the * Unless the context indicates otherwise, terms that are not defined in this Agreement shall have the meaning set forth in the Plan. Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group as provided in the table below: Below 30th percentile 0% 30th percentile 15% 50th percentile 25% 70th percentile or above 50% Note: Interpolation between points in the table above will be on a straight-line basis.
(b) If the Employee remains continuously employed (including during the continuance of any leave of absence as approved by the Company or an Affiliate) by the Company or an Affiliate, the number of the Performance Share Units that will be earned pursuant to this Section 3(b) will be determined by reference to the Company’s Total Shareholder Return as provided in the table below: Below 15% 0% 15% -- 19.9% 12.5% 20% -- 24.9% 25% 25% -- 29.9% 37.5% 30% or greater 50%
(c) As used in this Agreement, the following terms have the meanings provided below:
Earned Performance Share Units. The number of Performance Share Units earned (the “Earned Performance Share Units”) shall be the product of the number of Performance Share Units set forth in the Grant Notice multiplied by the Earned Percentage, subject to Committee certification pursuant to paragraph (f) of this Section 3.
Earned Performance Share Units