ITEM DESCRIPTION. Award □ Participant: [●] □ Grant Date: [●] □ Vest Date: [●] □ Settlement Date: The business day following the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” □ Performance Period: The Company’s fiscal years [●], [●] and [●] (i.e., May 1, [●] through April 30, [●]), provided that in the event of a Change of Control prior to the end of the Performance Period, the Performance Period shall be deemed to end immediately prior to the Change of Control. □ Target number of Restricted Stock Units awarded: • Time-based RSUs: [●] (“Time Based Units”) • ROIC performance-based RSUs: [●] (“ROIC Units”) • TSR performance-based RSUs: [●] (“TSR Units”) Vesting □ Subject to the Participant’s continued employment through Requirements the Vest Date, all three award types shall vest on June 15, [●]. All awards shall be forfeited if the Participant’s employment with the Company terminates prior to the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” ROIC Units □ The award of the ROIC Units will be based on the Company’s three-year average return on invested capital (“ROIC”), using the average of the ROIC results for each fiscal year during the Performance Period. □ In its evaluation of ROIC performance for any year during the Performance Period, the Committee may determine to include or exclude the effects of any of the events described in Section 9.2 of the Plan, in its sole and absolute discretion. □ The threshold, target and maximum number of ROIC Units that may be awarded are as follows and will be determined based on threshold, target and maximum ROIC goals, respectively, which will be communicated to the Participant no later than [●] and, once communicated, will be deemed incorporated into this Award Summary: Threshold ROIC* Target ROIC* Maximum ROIC* ROIC Units Awarded 50% of Target [●] shs 100% of Target [●] shs 200% of Target [●] shs * Three year average, based on actual ROIC during Performance Period □ For performance between threshold and target and between target and maximum, the number of ROIC Units awarded will be determined by interpolation to the nearest whole percentage of target. Calculation □ ROIC for each fiscal year shall be calculated as operating
Appears in 1 contract
Sources: Restricted Stock Units Agreement (Caseys General Stores Inc)
ITEM DESCRIPTION. Award □ Participant: [●] ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ □ Grant Date: [●] June 1, 2023 □ Vest DateDate of Time-Based Units: [●] 1/3 of the Time-Based Units on each of June 15, 2024, June 15, 2025, and June 15, 2026 Vest Date of ROIC Units and EBITDA Performance Units: June 15, 2026 □ Settlement Date: The business day following the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” □ Performance Period: The Company’s fiscal years [●]2024, [●] 2025, and [●] 2026 (i.e., May 1, [●] 2023 through April 30, [●]2026), provided that in the event of a Change of Control prior to the end of the Performance Period, the Performance Period shall be deemed to end immediately prior to the Change of Control. □ Target number of Restricted Stock Units awarded: • Time-based RSUs: [●] 7,265 (“Time Based Units”) • ROIC performance-based RSUs: [●] 10,897 (“ROIC Units”) • TSR EBITDA performance-based RSUs: [●] 10,897 (“TSR EBITDA Units”) The ROIC Units and EBITDA Units collectively are referred to below as the “Performance Units” Vesting □ Subject to the Participant’s continued employment through Requirements the Vest Date, all three award types shall the Time-Based Units vest in equal installments on each of June 15, 2024, June 15, 2025, and June 15, 2026, and the Performance Units vest on June 15, [●]2026. All awards shall be forfeited if the Participant’s employment with the Company terminates prior to the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” ROIC Units □ The award of the ROIC Units will be based on the Company’s three-year average return on invested capital (“ROIC”), using the average of the ROIC results for each fiscal year during the Performance Period. □ In its evaluation of ROIC performance for any year during the Performance Period, the Committee may determine to include or exclude the effects of any of the events described in Section 9.2 of the Plan, in its sole and absolute discretion. □ The threshold, target and maximum number of ROIC Units that may be awarded awarded, subject to the TSR modifier described below, are as follows and will be determined based on threshold, target and maximum ROIC goals, respectively, which will be communicated to the Participant no later than [●] and, once communicated, will be deemed incorporated into this Award Summary: Threshold ▇▇▇▇▇▇▇▇▇ ROIC* Target ROIC* Maximum ROIC* 8.0% 10.0% 11.0% ROIC Units Awarded 50% of Target [●] 5,449 shs 100% of Target [●] 10,897 shs 200% of Target [●] 21,794 shs * Three year average, based on actual ROIC during Performance Period □ For performance between threshold and target and between target and maximum, the number of ROIC Units awarded will be determined by interpolation to the nearest whole percentage of target. Calculation □ ROIC for each fiscal year shall be calculated as operating
Appears in 1 contract
Sources: Restricted Stock Units Agreement (Caseys General Stores Inc)
ITEM DESCRIPTION. Award □ Participant: [●] ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ □ Grant Date: [●] June 24, 2019 □ Vest DateDate of Time-Based Units: [●] 1/3 of the Time Based Units on each of June 24, 2020, June 24, 2021 and June 24, 2022 Vest Date of TSR Units: June 24, 2022 □ Settlement Date: The business day following the applicable Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” □ Performance Period: The Company’s fiscal years [●]2020, [●] 2021 and [●] 2022 (i.e., May 1, [●] 2019 through April 30, [●]2022), provided that in the event of a Change of Control prior to the end of the Performance Period, the Performance Period shall be deemed to end immediately prior to the Change of Control. □ Target number of Restricted Stock Units awarded: • Time-based RSUs: [●] 24,999 (“Time Based Units”) • ROIC performance-based RSUs: [●] (“ROIC Units”) • TSR performance-based RSUs: [●] 7,787 (“TSR Units”) Vesting □ Subject to the Participant’s continued employment through Requirements the applicable Vest Date, all three award types shall the Time-Based Units vest in equal installments on each of June 24, 2020, June 24, 2021 and June 24, 2022 and the TSR Units vest on June 1524, [●]2022. All awards shall be forfeited if the Participant’s employment with the Company terminates prior to the a pplicable Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” ROIC TSR Units □ The award of the ROIC TSR Units will be based on the Company’s three-year average total shareholder return on invested capital (“ROICTSR”), using the average of the ROIC results for each fiscal year ) during the Performance Period, compared, according to percentile rank, to the TSRs of a defined group of peer companies (“Peer Companies”) during the same period. □ In its evaluation of ROIC performance for any year during the Performance PeriodTSR performance, the Committee may determine elect to include or exclude the effects of any of the events described in Section 9.2 of the Plan, in its sole and absolute discretion. □ The threshold, target and maximum number of ROIC TSR Units that may be awarded are as follows and will be determined based on threshold, target and maximum ROIC goals, respectively, which will be communicated to the Participant no later than [●] and, once communicated, is 7,787. The actual number of TSR Units that will be deemed incorporated into this Award Summaryawarded based on the percentile rank performance goals are as follows: Threshold ROIC* Target ROIC* Maximum ROIC* ROIC Units Awarded • Below 25th percentile (threshold): 0 • 25th percentile (50% of Target [●] shs target units): 3,894 • 50th percentile (target) (100% of Target [●] shs target units): 7,787 • 80th percentile or higher (maximum) (200% of Target [●] shs * Three year average, based on actual ROIC during Performance Period target units): 15,574 □ For performance between threshold and target and between target and maximum, the number of ROIC TSR Units awarded will be determined by interpolation to the nearest whole percentage of target. Calculation □ ROIC for each fiscal year shall be calculated as operatingCap: If the Company’s TSR is negative, then the payout, regardless of percentile rank, is capped at 100% of target. □ Floor: If the Company’s TSR is 50% or higher, then the payout floor is 100% of target.
Appears in 1 contract
Sources: Restricted Stock Units Agreement (Caseys General Stores Inc)
ITEM DESCRIPTION. Award □ Participant: [●] ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇. □ Grant Date: [●] June 2, 2020 □ Vest DateDate of Time-Based Units: [●] 1/3 of the Time-Based Units on each of June 2, 2021, June 2, 2022 and June 2, 2023 Vest Date of ROIC Units and EBITDA Performance Units: June 15, 2023 □ Settlement Date: The business day following the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” □ Performance Period: The Company’s fiscal years [●]2021, [●] 2022 and [●] 2023 (i.e., May 1, [●] 2020 through April 30, [●]2023), provided that in the event of a Change of Control prior to the end of the Performance Period, the Performance Period shall be deemed to end immediately prior to the Change of Control. □ Target number of Restricted Stock Units awarded: • Time-based RSUs: [●] 6,611 (“Time Based Units”) • ROIC performance-based RSUs: [●] 3,306 (“ROIC Units”) • TSR EBITDA performance-based RSUs: [●] 3,306 (“TSR EBITDA Units”) The ROIC Units and EBITDA Units collectively are referred to below as the “Performance Units” Vesting □ Subject to the Participant’s continued employment through Requirements the Vest Date, all three award types shall the Time-Based Units vest in equal installments on each of June 2, 2021, June 2, 2022 and June 2, 2023, and the Performance Units vest on June 15, [●]2023. All awards shall be forfeited if the Participant’s employment with the Company terminates prior to the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” ROIC Units □ The award of the ROIC Units will be based on the Company’s three-year average return on invested capital (“ROIC”), using the average of the ROIC results for each fiscal year during the Performance Period. □ In its evaluation of ROIC performance for any year during the Performance Period, the Committee may determine to include or exclude the effects of any of the events described in Section 9.2 of the Plan, in its sole and absolute discretion. □ The threshold, target and maximum number of ROIC Units that may be awarded awarded, subject to the TSR modifier described below, are as follows and will be determined based on threshold, target and maximum ROIC goals, respectively, which will be communicated to the Participant no later than [●] ], 2020 and, once communicated, will be deemed incorporated into this Award Summary: Threshold ROIC* Target ROIC* Maximum ROIC* ROIC Units Awarded 50% of Target [●] shs 100% of Target [●] shs 200% of Target [●] shs * Three year average, based on actual ROIC during Performance Period □ For performance between threshold and target and between target and maximum, the number of ROIC Units awarded will be determined by interpolation to the nearest whole percentage of target. Calculation □ ROIC for each fiscal year shall be calculated as operating
Appears in 1 contract
Sources: Restricted Stock Units Agreement (Caseys General Stores Inc)
ITEM DESCRIPTION. Award □ Participant: [●] □ Grant Date: [●] □ Vest DateDate of Time-Based Units: [●] 1/3 of the Time-Based Units on each of June 15, 2021, June 15, 2022 and June 15, 2023 Vest Date of ROIC Units and EBITDA Performance Units: June 15, 2023 □ Settlement Date: The business day following the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” □ Performance Period: The Company’s fiscal years [●]2021, [●] 2022 and [●] 2023 (i.e., May 1, [●] 2020 through April 30, [●]2023), provided that in the event of a Change of Control prior to the end of the Performance Period, the Performance Period shall be deemed to end immediately prior to the Change of Control. □ Target number of Restricted Stock Units awarded: • Time-based RSUs: [●] (“Time Based Units”) • ROIC performance-based RSUs: [●] (“ROIC Units”) • TSR EBITDA performance-based RSUs: [●] (“TSR EBITDA Units”) The ROIC Units and EBITDA Units collectively are referred to below as the “Performance Units” Vesting □ Subject to the Participant’s continued employment through Requirements the Vest Date, all three award types shall the Time-Based Units vest in equal installments on each of June 15, 2021, June 15, 2022 and June 15, 2023, and the Performance Units vest on June 15, [●]2023. All awards shall be forfeited if the Participant’s employment with the Company terminates prior to the Vest Date, except as provided below under the heading “Special provisions regarding vesting of awards.” ROIC Units □ The award of the ROIC Units will be based on the Company’s three-year average return on invested capital (“ROIC”), using the average of the ROIC results for each fiscal year during the Performance Period. □ In its evaluation of ROIC performance for any year during the Performance Period, the Committee may determine to include or exclude the effects of any of the events described in Section 9.2 of the Plan, in its sole and absolute discretion. □ The threshold, target and maximum number of ROIC Units that may be awarded awarded, subject to the TSR modifier described below, are as follows and will be determined based on threshold, target and maximum ROIC goals, respectively, which will be communicated to the Participant no later than [●] ], 2020 and, once communicated, will be deemed incorporated into this Award Summary: Threshold ROIC* Target ROIC* Maximum ROIC* ROIC Units Awarded 50% of Target [●] shs 100% of Target [●] shs 200% of Target [●] shs * Three year average, based on actual ROIC during Performance Period □ For performance between threshold and target and between target and maximum, the number of ROIC Units awarded will be determined by interpolation to the nearest whole percentage of target. Calculation □ ROIC for each fiscal year shall be calculated as operating
Appears in 1 contract
Sources: Restricted Stock Units Agreement (Caseys General Stores Inc)