Common use of Number of Performance Units Earned Clause in Contracts

Number of Performance Units Earned. Except as may be provided in section 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on Relative TSR (as determined in section 6.A) as of the last day of the Performance Period. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and calculated as follows: TSR = ( Ending Stock Price + Dividends PaidBeginning Stock Price ) (1/3) - 1

Appears in 3 contracts

Samples: Award Agreement (Steelcase Inc), Award Agreement (Steelcase Inc), Award Agreement (Steelcase Inc)

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Number of Performance Units Earned. Except as may be provided in section paragraph 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on Relative TSR (as determined in section paragraph 6.A) as of the last day of the Performance Period. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and calculated as follows: TSR = ( Ending Stock Price + Dividends PaidBeginning Stock Price ) (1/3) - 1

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Steelcase Inc), Performance Unit Award Agreement (Steelcase Inc)

Number of Performance Units Earned. Except as may be provided in section 7 below, after completion of the Performance Period, the total The number of Performance Units earned under this Agreement will be earned based [●]% on Absolute TSR and vested based entirely [●]% on Relative TSR (as determined in section 6.A) as of the last day of the Performance PeriodTSR. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and percentage, calculated as follows: TSR = ( the quotient of (A) Ending Stock Price + plus Dividends PaidBeginning Paid and (B) Beginning Stock Price ) Price, minus one (1/3) - 1):

Appears in 1 contract

Samples: Performance Unit Award Agreement (Armada Hoffler Properties, Inc.)

Number of Performance Units Earned. Except as may be provided in section paragraph 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on Relative TSR (as determined in section paragraph 6.A) as of the last day of the Performance Period. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and calculated as follows: TSR = ( Ending Stock Price + Dividends PaidBeginning Paid Beginning Stock Price ) (1/3) - 1

Appears in 1 contract

Samples: Performance Units Award Agreement (Steelcase Inc)

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Number of Performance Units Earned. Except as may be provided in section paragraph 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on Relative TSR (as determined in section paragraph 6.A) as of the last day of the Performance Period. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and calculated as follows: : (1 3) TSR = ( Ending Stock Price + Dividends PaidBeginning Stock Price ) (1/3Paid ) - 1

Appears in 1 contract

Samples: Performance Unit Award Agreement (Steelcase Inc)

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