Percentage of Relative TSR Award Earned Sample Clauses

Percentage of Relative TSR Award Earned. Except as provided herein, the Recipient shall earn 100% of the Relative TSR Award if the Company’s Total Shareholder Return (“TSR”) (as such term is defined in the PSIP) is in the [___] percentile compared to the TSR of the Company’s Peer Group (as provided in Exhibit B of the PSIP) over the Shareholder Return Performance Period. If the Company’s TSR over the Shareholder Return Performance Period is negative, the performance multiplier will be limited to [___]% of the target award. Generally, the percentage of the Relative TSR Award earned at the end of the Shareholder Return Performance Period based on the Relative TSR Criterion shall be determined according to the following chart, however the actual number of Performance Shares will be interpolated linearly between the percentages set forth in the following chart based on actual results: Company TSR Ranking Vesting Percentage (percentage of Relative TSR Award) Payout if Company TSR is negative ___ Percentile [ ]% [ ]% ___ Percentile [ ]% [ ]% ___ Percentile [ ]% [ ]% Below ___ Percentile [ ]% [ ]%
Sample 1
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Related to Percentage of Relative TSR Award Earned

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2006, and shall end on December 31, 2008.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Total Shareholder Return (i) Up to twenty-five percent (25%) of the RSUs granted to the Participant pursuant to this Agreement shall vest, if at all, based upon the Total Shareholder Return for the Company, as compared to the Comparison Companies, for the Performance Period in the manner set forth on Exhibit 1-A hereto.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Payout In order to receive any award under this Agreement, Recipient must be employed by the Company on December 31, (the “Vesting Date”), except as provided by Sections 3.2, 3.3, 3.4, 3.5 and 4.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

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