Threshold. The Participant shall not be paid any portion of the Target Award unless the Ending Average Stock Price is at least 60% of the Target Price. If the Ending Average Stock Price is below 60% of the Target Price, all of the Performance Share Units awarded by this Agreement shall immediately be forfeited and cancelled without consideration as of the last day of the Performance Period.
Appears in 11 contracts
Samples: Performance Share Units Agreement (MGM Resorts International), Performance Share Units Agreement (MGM Resorts International), Performance Share Units Agreement (MGM Resorts International)
Threshold. The Participant shall not be paid any portion of the Target Award unless the Ending Average Stock Price is at least 6067.76% of the Target Beginning Stock Price. If the Ending Average Stock Price is below 6067.76% of the Target Beginning Stock Price, all of the Performance Market Share Units awarded by this Agreement shall immediately be forfeited and cancelled without consideration as of the last day of the Performance Period.
Appears in 1 contract
Samples: Market Share Units Award Agreement (CST Brands, Inc.)
Threshold. The Participant shall not be paid any portion of the Target Award unless the Ending Average Stock Price Share Value is at least 60% of the Target Price. If the Ending Average Stock Price Share Value is below 60% of the Target Price, all of the Performance Share Units awarded by this Agreement shall immediately be forfeited and cancelled without consideration as of the last day of the Performance Period.
Appears in 1 contract
Samples: Performance Share Units Agreement (MGM Growth Properties LLC)