Common use of Performance-Based Vesting Conditions Clause in Contracts

Performance-Based Vesting Conditions. 3.1 The number of the Restricted Stock Units that shall vest shall be determined based on the Company’s TSR Percentile Ranking as compared against the TSR for the companies comprising the Rxxxxxx 3000 Group, measured as of the end of the Performance Period, based on following Performance Goals: Company TSR Percentile Ranking Against Rxxxxxx 3000 Group Company TSR Percentile Ranking as Compared to Rxxxxxx 3000 Group Vesting Percentage >75th Percentile 150% 75th Percentile 150% (Maximum) 50th Percentile 100% (Target) 25th Percentile 50% (Threshold) <25th Percentile 0% Payout for performance between goals shall be determined based on linear interpolation. The total number of Restricted Stock Units eligible to vest, in accordance with the table above, is between 0% - 150% (the minimum number of Restricted Stock Units that may be earned is zero while the maximum number is 150% of target). No Restricted Stock Units shall be earned if the Company’s TSR Percentile Ranking is below the 25th percentile and the maximum number of Restricted Stock Units that may be earned shall be capped at 150% of the target number even if the Company’s TSR Percentile Ranking exceeds the 75th percentile; provided, however, that if the Company’s TSR Percentile Ranking exceeds the 50th percentile but is negative, the maximum number of Restricted Stock Units that may be earned shall be capped at 100% of the target number.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (WillScot Mobile Mini Holdings Corp.)

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Performance-Based Vesting Conditions. 3.1 The number of the Restricted Stock Units that shall vest shall be determined based on the Company’s TSR Percentile Ranking as compared against the TSR for the companies comprising the Rxxxxxx Xxxxxxx 3000 Group, measured as of the end of the Performance Period, based on following Performance Goals: Company TSR Percentile Ranking Against Rxxxxxx Xxxxxxx 3000 Group Company TSR Percentile Ranking as Compared to Rxxxxxx Xxxxxxx 3000 Group Vesting Percentage >75th Percentile 150% 75th Percentile 150% (Maximum) 50th Percentile 100% (Target) 25th Percentile 50% (Threshold) <25th Percentile 0% Payout for performance between goals shall be determined based on linear interpolation. The total number of Restricted Stock Units eligible to vest, in accordance with the table above, is between 0% - 150% (the minimum number of Restricted Stock Units that may be earned is zero while the maximum number is 150% of target). No Restricted Stock Units shall be earned if the Company’s TSR Percentile Ranking is below the 25th percentile and the maximum number of Restricted Stock Units that may be earned shall be capped at 150% of the target number even if the Company’s TSR Percentile Ranking exceeds the 75th percentile; provided, however, that if the Company’s TSR Percentile Ranking exceeds the 50th percentile but is negative, the maximum number of Restricted Stock Units that may be earned shall be capped at 100% of the target number.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (WillScot Corp)

Performance-Based Vesting Conditions. 3.1 The number of the Restricted Stock Units that shall vest shall be determined based on the Company’s TSR rTSR Percentile Ranking as compared against the TSR rTSR for the companies comprising the Rxxxxxx 3000 S&P 400 Group, measured as of the end of the Performance Period, based on following Performance Goals: Company TSR rTSR Percentile Ranking Against Rxxxxxx 3000 S&P 400 Group 8 Company TSR rTSR Percentile Ranking as Compared to Rxxxxxx 3000 S&P 400 Group Vesting Percentage >75th 85th Percentile 150200% 75th 85th Percentile 150200% (Maximum) 50th Percentile 100% (Target) 25th Percentile 50% (Threshold) <25th Percentile 0% Payout for performance between goals shall be determined based on linear interpolation. The total number of Restricted Stock Units eligible to vest, in accordance with the table above, is between 0% - 150200% (the minimum number of Restricted Stock Units that may be earned is zero while the maximum number is 150200% of target). No Restricted Stock Units shall be earned if the Company’s TSR rTSR Percentile Ranking is below the 25th percentile and the maximum number of Restricted Stock Units that may be earned shall be capped at 150200% of the target number even if the Company’s TSR rTSR Percentile Ranking exceeds the 75th 85th percentile; provided, however, that if the Company’s TSR rTSR Percentile Ranking exceeds the 50th percentile but is negative, the maximum number of Restricted Stock Units that may be earned shall be capped at 100% of the target number.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (WillScot Mobile Mini Holdings Corp.)

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Performance-Based Vesting Conditions. 3.1 The number of the Restricted Stock Units that shall vest shall be determined based on the Company’s TSR rTSR Percentile Ranking as compared against the TSR rTSR for the companies comprising the Rxxxxxx 3000 S&P 400 Group, measured as of the end of the Performance Period, based on following Performance Goals: Company TSR rTSR Percentile Ranking Against Rxxxxxx 3000 S&P 400 Group 6 Company TSR rTSR Percentile Ranking as Compared to Rxxxxxx 3000 S&P 400 Group Vesting Percentage >75th 85th Percentile 150200% 75th 85th Percentile 150200% (Maximum) 50th Percentile 100% (Target) 25th Percentile 50% (Threshold) <25th Percentile 0% Payout for performance between goals shall be determined based on linear interpolation. The total number of Restricted Stock Units eligible to vest, in accordance with the table above, is between 0% - 150200% (the minimum number of Restricted Stock Units that may be earned is zero while the maximum number is 150200% of target). No Restricted Stock Units shall be earned if the Company’s TSR rTSR Percentile Ranking is below the 25th percentile and the maximum number of Restricted Stock Units that may be earned shall be capped at 150200% of the target number even if the Company’s TSR rTSR Percentile Ranking exceeds the 75th 85th percentile; provided, however, that if the Company’s TSR rTSR Percentile Ranking exceeds the 50th percentile but is negative, the maximum number of Restricted Stock Units that may be earned shall be capped at 100% of the target number.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (WillScot Mobile Mini Holdings Corp.)

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