AND FORFEITURES. The Restricted Period shall begin on the Grant Date, and end on the third anniversary thereof (the "Vesting Date"). As of the Vesting Date, the amount of such Restricted Stock which will vest will be determined by reference to the Company's TRS Percentile (as defined below) for the three-year period preceding such Vesting Date in accordance with the following schedule: ======================================================== ================== Company's TRS Percentile for Three-Year Period Prior to Shares Vested on Vesting Date Such Vesting Date ------------------------------------------------------- ------------------ 70% or Higher 10,500 Above 60% to 70% 8,400 Above 50% to 60% 6,300 Above 40% to 50% 4,200 40% and below 0 ======================================================= =================
Appears in 1 contract
AND FORFEITURES. The Restricted Period shall begin on the Grant Date, and end on the third anniversary thereof (the "Vesting Date"). As of the Vesting Date, the amount of such Restricted Stock which will vest will be determined by reference to the Company's TRS Percentile (as defined below) for the three-year period preceding such Vesting Date in accordance with the following schedule: ======================================================== ==================== Company's TRS Percentile for Three-Year Period Prior to Shares Vested on Vesting Date Such Vesting Date ------------------------------------------------------- ------------------ -------------------------------------------------------- -------------------- 70% or Higher 10,500 Above 60% to 70% 8,400 Above 50% to 60% 6,300 Above 40% to 50% 4,200 40% and below 0 ======================================================= ====================
Appears in 1 contract
AND FORFEITURES. The Restricted Period shall begin on the Grant Date, and end on the third anniversary thereof (the "Vesting Date"). As of the Vesting Date, the amount of such Restricted Stock which will vest will be determined by reference to the Company's TRS Percentile (as defined below) for the three-year period preceding such Vesting Date in accordance with the following schedule: ======================================================== ================== Company's TRS Percentile for Three-Year Period Prior to Shares Vested on Vesting Date Such Vesting Date ------------------------------------------------------- -------------------------------------------------------- ------------------ 70% or Higher 10,500 Above 60% to 70% 8,400 Above 50% to 60% 6,300 Above 40% to 50% 4,200 40% and below 0 ======================================================= ==================
Appears in 1 contract
AND FORFEITURES. The Restricted Period shall begin on the Grant Date, and end on the third anniversary thereof (the "Vesting Date"). As of the Vesting Date, the amount of such Restricted Stock which will vest will be determined by reference to the Company's TRS Percentile (as defined below) for the three-year period preceding such Vesting Date in accordance with the following schedule: ========================================================= ================== Company's TRS Percentile for Three-Year Period Prior to Shares Vested on Vesting Date Such Vesting Date ------------------------------------------------------- ------------------ --------------------------------------------------------- ----------------- 70% or Higher 10,500 Above 60% to 70% 8,400 Above 50% to 60% 6,300 Above 40% to 50% 4,200 40% and below 0 ========================================================= =================
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