Number of PSUs Earned Clause Samples
The "Number of PSUs Earned" clause defines how many Performance Share Units (PSUs) a participant is entitled to receive based on the achievement of specified performance goals. Typically, this clause outlines the performance metrics, measurement periods, and calculation methods used to determine the final number of PSUs awarded, such as tying payouts to company financial targets or individual performance benchmarks. Its core function is to ensure a transparent and objective process for awarding equity compensation, aligning employee incentives with organizational performance and providing clarity on how rewards are earned.
Number of PSUs Earned. Following the Performance Period, on the Committee Determination Date, the Committee shall determine whether and to what extent the goals relating to the Management Objectives have been satisfied for the Performance Period and shall determine the number of PSUs that shall become nonforfeitable hereunder and under the Agreement on the basis of the following:
Number of PSUs Earned. The total number of Performance Units earned by the Grantee, before application of any adjustment related to the TSR Modifier, shall equal the sum of the Relative ROATCE Performance Units earned and the Relative TBV Accretion Performance Units earned for the Performance Period (with linear interpolation for earning between levels) pursuant to the following table: At or below the 25th percentile: 0% At 26th percentile (Threshold): 1% At 50th percentile: 50% At 75th percentile (Target): 100% At 95th percentile (Maximum): 200%
Number of PSUs Earned. Following the Performance Period, on the Committee Determination Date, the Committee shall determine whether and to what extent the goals relating to the Management Objectives have been satisfied for the Performance Period and shall determine the number of PSUs that shall become nonforfeitable hereunder and under the Agreement on the basis of the following: • Below Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period falls below the threshold level, as set forth in the Performance Matrix, no PSUs shall become nonforfeitable. • Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals the threshold level, as set forth in the Performance Matrix, 25% of the PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable.
Number of PSUs Earned. Following the Performance Period, on the Committee Determination Date, the Committee shall determine whether and to what extent the goals relating to the Management Objectives have been satisfied for the Performance Period and shall determine the number of PSUs that shall become nonforfeitable hereunder and under the Agreement on the basis of the following: • Below Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period falls below the threshold level, as set forth in the Performance Matrix, no PSUs shall become nonforfeitable. • Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals the threshold level, as set forth in the Performance Matrix, 25% of the PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable. • Between Threshold and Target. If, upon the conclusion of the Performance Period, RTSR for the Performance Period exceeds the threshold level, but is less than the target level, as set forth in the Performance Matrix, a percentage between 25% and 100% (determined on the basis of straight-line mathematical interpolation) of the PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable. • Target. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals the target level, as set forth in the Performance Matrix, 100% of the PSUs shall become nonforfeitable.
Number of PSUs Earned. Subject to the Maximum Award Cap (as defined below), the total number of Performance Units earned for the Fiscal 2021 Performance Period by the Grantee shall equal the sum of the Relative ROATCE Performance Units earned and the Relative TBV Accretion Performance Units earned for the Fiscal 2021 Performance Period (with linear interpolation for earning between levels) pursuant to the following table: Performance Goal Achieved(1) Percent of Target Award Earned (payout percentage)(2) At or below the 25th percentile: 0% At 26th percentile (Threshold): 1% At 50th percentile: 50% At 75th percentile (Target): 100% At 95th percentile (Maximum): 200%
Number of PSUs Earned. The extent to which the Target PSUs are earned will be determined as follows:
Number of PSUs Earned. Unless otherwise provided in the Plan, Performance Stock Units shall be earned in accordance with the terms and conditions set forth in the Notice of Performance Stock Unit Award.
Number of PSUs Earned. The total number of Performance Units earned by the Grantee shall equal the percentage of the Target Amount of Performance Units earned based on the mean percentile performance achieved hereunder, which shall be determined by calculating the average of the Relative PTBV Ratio percentile performance achieved and the Relative PE Ratio percentile performance achieved, in accordance with the following table:
Number of PSUs Earned. From 0% to 100% of the PSUs will be earned based on achievement of the Performance Goals as follows:
(a) Vogtle 3 PSUs. 50% of the PSUs (the “Vogtle 3 PSUs”) will become Vested if there is a Fuel Load Authorization with respect to Plant Vogtle Unit 3 on or before December 31, 2021 and such Fuel Load Authorization is determined and certified by the Compensation Committee (upon recommendation of the Operations, Environmental and Safety Committee of the Board). Except as otherwise determined by the Compensation Committee pursuant to the terms of the Agreement, the Vogtle 3 PSUs will be forfeited if there is not a Fuel Load Authorization with respect to Plant Vogtle Unit 3 on or before December 31, 2021.
(b) Vogtle 4 PSUs. 50% of the PSUs (the “Vogtle 4 PSUs”) will become Vested if there is a Fuel Load Authorization with respect to Plant Vogtle Unit 4 on or before December 31, 2022 and such Fuel Load Authorization is determined and certified by the Compensation Committee (upon recommendation of the Operations, Environmental and Safety Committee of the Board). Except as otherwise determined by the Compensation Committee pursuant to the terms of the Agreement, the Vogtle 4 PSUs will be forfeited if there is not a Fuel Load Authorization with respect to Plant Vogtle Unit 4 on or before December 31, 2022.