Relative TSR PSUs Sample Clauses

Relative TSR PSUs. The Relative TSR PSUs will be earned based upon the Company’s Relative TSR over the Three-Year Performance Period against the goals set forth in the table below.
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Relative TSR PSUs. (a) The applicable Relative TSR Multiplier shall be as set forth in the table in Section 2.1(b) below (with straight line interpolation between the Relative TSR Multipliers set forth below), based on the Company’s percentile ranking determined by comparing the Company’s Total Stockholder Return realized over the Performance Period to the Total Stockholder Return realized over the Performance Period by each of the following peer companies: (i) Chesapeake Lodging Trust, (ii) DiamondRock Hospitality Company, (iii) FelCor Lodging Trust Inc., (iv) Hersha Hospitality Trust, (v) Host Hotels and Resorts Inc., (vi) LaSalle Hotel Properties, (vii) Pebblebrook Hotel Trust, (viii) RLJ Lodging Trust, (ix) Sunstone Hotel Investors, Inc., and (x) Xenia Hotels and Resorts, Inc. If any of such peer companies ceases to exist as an independent public company at any time during the Performance Period, then such company shall be disregarded. For purposes of clarity, the Company’s performance will be compared to that of the peers (using the percent rank function in Microsoft Excel), with the Company’s performance included in the calculation of peer company performance (i.e., Company performance vs. peers).
Sample 1
Relative TSR PSUs. The Relative TSR PSUs shall be earned and eligible to vest as follows based on performance during the Performance Period: Relative TSR Percentage of Relative TSR Target Number Earned Below 25th percentile 0% 25th Percentile ("Threshold Relative TSR") 50% 55th Percentile ("Target Relative TSR") 100% 85th Percentile ("Maximum Relative TSR") or more 200% If actual Relative TSR for the Performance Period is between Threshold Relative TSR and Target Relative TSR, or between Target Relative TSR and Maximum Relative TSR, the number of Relative TSR PSUs that will be earned and eligible to vest will be determined by linear interpolation. In addition, the following special rules shall apply: (i) If the Company’s absolute TSR is negative for the Performance Period, the earned number of Relative TSR PSUs will in no event exceed 100% of the Relative TSR Target Number; and (ii) in no event shall the aggregate value of the Shares and/or other consideration issued in settlement of the Relative TSR PSUs exceed eight (8) times the value of the Relative TSR Target Award valued as of the Effective Date, and such Shares and/or other consideration shall be reduced to the extent necessary to reflect that the aggregate value of such Shares and/or other consideration does not exceed such amount. The Comparator Group consists of the following companies, subject to adjustment as specified below: Biglari Holdings Inc. (NYSE:BH.A) Xxxx in the Box Inc. (NasdaqGS:XXXX) BJ's Restaurants, Inc. (NasdaqGS:BJRI) Krispy Kreme, Inc. (NasdaqGS:DNUT) Bloomin' Brands, Inc. (NasdaqGS:BLMN) Kura Sushi USA, Inc. (NasdaqGM:XXXX) Xxxxxxx International, Inc. (NYSE:EAT) XxXxxxxx'x Corporation (NYSE:MCD) Carrols Restaurant Group, Inc. (NasdaqGS:TAST) Nathan's Famous, Inc. (NasdaqGS:NATH) Chipotle Mexican Grill, Inc. (NYSE:CMG) Papa John's International, Inc. (NasdaqGS:PZZA) Chuy's Holdings, Inc. (NasdaqGS:CHUY) Xxxxxxxx'x Inc. (NasdaqGS:PTLO) Cracker Barrel Old Country Store (NasdaqGS:CBRL) Red Xxxxx Gourmet Burgers, Inc. (NasdaqGS:RRGB) Xxxxxx Restaurants, Inc. (NYSE:DRI) Ruth's Hospitality Group, Inc. (NasdaqGS:XXXX) Xxxx & Buster's Entertainment, Inc. (NasdaqGS:PLAY) Shake Shack Inc. (NYSE:SHAK) Del Taco Restaurants, Inc. (NasdaqCM:TACO) Starbucks Corporation (NasdaqGS:SBUX) Xxxxx'x Corporation (NasdaqCM:DENN) Texas Roadhouse, Inc. (NasdaqGS:TXRH) Dine Brands Global, Inc. (NYSE:DIN) The Cheesecake Factory (NasdaqGS:CAKE) Domino's Pizza, Inc. (NYSE:DPZ) The ONE Group Hospitality, Inc. (NasdaqCM:STKS) E...
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Relative TSR PSUs 
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Related to Relative TSR PSUs

  • 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.

  • 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.

  • 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.

  • Peer Group For purposes of this Agreement, the Company’s peer group (the “Peer Group”) shall be comprised of three components: (a) the industry peer group companies set forth in Exhibit A to this Agreement; (b) companies in the S&P 500 Index; and (c) companies in the Xxxxxx Xxxxxxx XXXX Index; provided, that each of the foregoing Peer Group components shall be subject to equitable adjustment by the Committee in its sole discretion to the extent that one or more companies in any component grouping shall cease to maintain separate legal existence by reason of merger or legal dissolution or otherwise, or shall no longer be part of the applicable index. For purposes of determining values earned for Value Management Award Units granted hereby, the components of the Peer Group will be given the following weightings: industry group 25%; S&P group 50%; and REIT Index group 25%.

  • 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.

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

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

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Performance Objectives Subject to the terms of this Agreement, the Participant’s interest in the Stock Award shall vest and become transferable in accordance with paragraphs 3, 4 and 5 and Exhibit I based on the Company’s Compounded Annual Growth Rate TSR for the applicable measurement period relative to the Compounded Annual Growth Rate TSR for the applicable measurement period for the companies (other than the Company) listed in the NAREIT Hotel Index.

  • 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.

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