Absolute TSR Ltip Units Sample Clauses

Absolute TSR Ltip Units. (a) The applicable Absolute TSR Multiplier shall be as set forth in the table in Section 3.2(b) below (with straight line interpolation between the TSR Multipliers set forth below), based on the Company’s annualized Total Stockholder Return over the Performance Period. The Company’s annualized Total Stockholder Return shall be calculated as follows: (i) 1.00 plus the Total Stockholder Return for the Performance Period raised to the power of 1/3, minus (ii) 1.00. (b) Absolute TSR Multiplier. 0 - less than 5% 0 5% 0.50 9% 1.00 13% or greater 2.00
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Absolute TSR Ltip Units. (a) Subject to the provisions of Sections 2(b) and 2(c) below in the event of a Qualified Termination or Change-in-Control prior to the end of the Performance Period, the number of Absolute TSR LTIP Units that are earned will be based on Absolute TSR during the Measurement Period in accordance with the following table: For Absolute TSR between 4.5% and 7.0%, the number of Absolute TSR LTIP Units earned will be based on a linear interpolation between the number of Absolute TSR LTIP Units that would have been earned if Absolute TSR was 4.5% and the number that would have been earned if Absolute TSR was 7.0%, as set forth above. For Absolute TSR between 7.0% and 12.0%, the number of Absolute TSR LTIP Units earned will be based on a linear interpolation between the number of Absolute TSR LTIP Units that would have been earned if Absolute TSR was 7.0% and the number that would have been earned if Absolute TSR was 12.0%, as set forth above. (b) If the Valuation Date occurs upon the date of a Qualified Termination, the number of Absolute TSR LTIP Units earned shall equal the number of Absolute TSR LTIP Units that would be earned pursuant to Section 2(a) prorated to reflect the portion of the Performance Period that had elapsed as of the date of such Qualified Termination. Notwithstanding the foregoing, if a Qualified Termination occurs prior to, but in connection with, a Change-in-Control, then, for purposes of determining the number of Absolute TSR LTIP Units that the Grantee earns, such Qualified Termination will be treated as if it were a Change-in-Control. (c) For avoidance of doubt, if the Valuation Date occurs upon the date of a Change-in-Control, the number of Absolute TSR LTIP Units earned shall equal the full number of Absolute TSR LTIP Units earned pursuant to Section 2(a) without proration. (d) On or promptly following the Valuation Date, the Committee shall perform the final calculations to determine the number of Absolute TSR LTIP Units earned by the Grantee as of the Valuation Date (the date on which such determination is made is referred to herein as the “Determination Date”). The Grantee shall have no rights to Absolute TSR LTIP Units earned pursuant to this Section 2 until the number of such Absolute TSR LTIP Units are determined by the Committee; provided that any Absolute TSR LTIP Units earned will be deemed to have been earned as of the Valuation Date for purposes of determining the Grantee’s rights hereunder. As of the Valuation Date, the Gra...
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Absolute TSR Ltip Units 
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Related to Absolute TSR Ltip Units

  • 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.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

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

  • 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.

  • 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.

  • 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 H), 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 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 Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

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