Relative TSR PSUs Clause Samples

Relative TSR PSUs. The Relative TSR PSUs will be earned based upon the Company’s Relative TSR over the Three-Year Performance Period against the goals set forth in the table below.
View SourceView Similar (4)
Relative TSR PSUs. The Relative TSR PSUs shall be earned and eligible to vest as follows based on performance during the Performance Period: Below 25th percentile 0% 25th Percentile ("Threshold Relative TSR") 50% 55th Percentile ("Target Relative TSR") 100% 85th Percentile ("Maximum Relative TSR") or more 200% If actual Relative TSR for the Performance Period is between Threshold Relative TSR and Target Relative TSR, or between Target Relative TSR and Maximum Relative TSR, the number of Relative TSR PSUs that will be earned and eligible to vest will be determined by linear interpolation. In addition, the following special rules shall apply: (i) If the Company’s absolute TSR is negative for the Performance Period, the earned number of Relative TSR PSUs will in no event exceed 100% of the Relative TSR Target Number; and (ii) in no event shall the aggregate value of the Shares and/or other consideration issued in settlement of the Relative TSR PSUs exceed eight (8) times the value of the Relative TSR Target Award valued as of the Effective Date, and such Shares and/or other consideration shall be reduced to the extent necessary to reflect that the aggregate value of such Shares and/or other consideration does not exceed such amount. The Comparator Group consists of the following companies, subject to adjustment as specified below: Biglari Holdings Inc. (NYSE:BH.A) ▇▇▇▇ in the Box Inc. (NasdaqGS:▇▇▇▇) BJ's Restaurants, Inc. (NasdaqGS:BJRI) Krispy Kreme, Inc. (NasdaqGS:DNUT) Bloomin' Brands, Inc. (NasdaqGS:BLMN) Kura Sushi USA, Inc. (NasdaqGM:▇▇▇▇) ▇▇▇▇▇▇▇ International, Inc. (NYSE:EAT) ▇▇▇▇▇▇▇▇'▇ Corporation (NYSE:MCD) Carrols Restaurant Group, Inc. (NasdaqGS:TAST) Nathan's Famous, Inc. (NasdaqGS:NATH) Chipotle Mexican Grill, Inc. (NYSE:CMG) Papa John's International, Inc. (NasdaqGS:PZZA) Chuy's Holdings, Inc. (NasdaqGS:CHUY) ▇▇▇▇▇▇▇▇'▇ Inc. (NasdaqGS:PTLO) Cracker Barrel Old Country Store (NasdaqGS:CBRL) Red ▇▇▇▇▇ Gourmet Burgers, Inc. (NasdaqGS:RRGB) ▇▇▇▇▇▇ Restaurants, Inc. (NYSE:DRI) Ruth's Hospitality Group, Inc. (NasdaqGS:▇▇▇▇) ▇▇▇▇ & Buster's Entertainment, Inc. (NasdaqGS:PLAY) Shake Shack Inc. (NYSE:SHAK) Del Taco Restaurants, Inc. (NasdaqCM:TACO) Starbucks Corporation (NasdaqGS:SBUX) ▇▇▇▇▇'▇ Corporation (NasdaqCM:DENN) Texas Roadhouse, Inc. (NasdaqGS:TXRH) Dine Brands Global, Inc. (NYSE:DIN) The Cheesecake Factory (NasdaqGS:CAKE) Domino's Pizza, Inc. (NYSE:DPZ) The ONE Group Hospitality, Inc. (NasdaqCM:STKS) El Pollo Loco Holdings, Inc. (NasdaqGS:LOCO) The Wendy's Compa...
View Source
Relative TSR PSUs. (a) The applicable Relative TSR Multiplier shall be as set forth in the table in Section 2.1(b) below (with straight line interpolation between the Relative TSR Multipliers set forth below), based on the Company’s percentile ranking determined by comparing the Company’s Total Stockholder Return realized over the Performance Period to the Total Stockholder Return realized over the Performance Period by each of the following peer companies: (i) Chesapeake Lodging Trust, (ii) DiamondRock Hospitality Company, (iii) FelCor Lodging Trust Inc., (iv) Hersha Hospitality Trust, (v) Host Hotels and Resorts Inc., (vi) LaSalle Hotel Properties, (vii) Pebblebrook Hotel Trust, (viii) RLJ Lodging Trust, (ix) Sunstone Hotel Investors, Inc., and (x) Xenia Hotels and Resorts, Inc. If any of such peer companies ceases to exist as an independent public company at any time during the Performance Period, then such company shall be disregarded. For purposes of clarity, the Company’s performance will be compared to that of the peers (using the percent rank function in Microsoft Excel), with the Company’s performance included in the calculation of peer company performance (i.e., Company performance vs. peers). (b) Relative TSR Multiplier. 0 - less than 30 0 30 0.50 50 1.00 70 or greater 2.00
View Source
Relative TSR PSUs. Executive will be granted performance based RSUs with a total target value of $6,700,000, divided into two grants as set forth herein. Vesting of the first grant (part one of two) will be tied to the Company’s total shareholder return (“TSR”) relative to the companies in the ▇▇▇▇▇▇▇ 3000 Index as part of the pro-rated 2024 annual equity award (the “2024 TSR PSUs”). The number of target 2024 TSR PSUs granted will be determined by dividing $1,700,000 by the average closing price of the Company’s common stock on NASDAQ over the thirty (30)-calendar day period ending on the Start Date, rounded down to the nearest whole Share. The 2024 TSR PSUs will be tested for vesting on the 3rd anniversary of the date of grant and will have a multiplier provision up to 250% in the event of extraordinary performance subject to the Executive’s continued service as CEO through the applicable vesting date. Vesting of the second grant (part two of two) will be tied to the Company’s TSR relative to the companies in the ▇▇▇▇▇▇▇ 3000 Index as part of the 2025 annual equity award (the “2025 TSR PSUs”). The number of target 2025 TSR PSUs granted will be determined by dividing $5,000,000 by the average closing price of the Company’s common stock on NASDAQ over the thirty (30)-calendar day period ending on the Start Date, rounded down to the nearest whole Share. The 2025 TSR PSUs will be tested for vesting on February 15, 2028, and will have a multiplier provision up to 250% in the event of extraordinary performance subject to the Executive’s continued service as CEO through the applicable vesting date. A Change in Control will be treated as provided in the applicable award agreement for the applicable grant.
View Source
Relative TSR PSUs 
View SourceView Similar (2)

Related to Relative TSR PSUs

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.