Common use of Tranche 1 Stock Clause in Contracts

Tranche 1 Stock. Subject to the remainder of this Agreement and the terms of the Plan, the Tranche 1 Stock shall vest based on the Company’s TSR percentile ranking over the Performance Period compared to the TSR of the companies included in the TSR Comparator Group. Company Percentile Rank v. TSR Comparator Group Percent of Tranche 1 Stock that Shall Vest* Below Threshold Below the 25th percentile [ ]% Threshold 25th percentile [ ]% Target 50th percentile [ ]% Maximum 75th percentile and above [ ]% * The vesting percentage of the Tranche 1 Stock shall be determined using straight-line interpolation between performance levels

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Navigant Consulting Inc), Restricted Stock Unit Award Agreement (Navigant Consulting Inc), Restricted Stock Unit Award Agreement (Navigant Consulting Inc)

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Tranche 1 Stock. Subject to the remainder of this Agreement and the terms of the Plan, the Tranche 1 Stock shall vest based on the Company’s TSR percentile ranking over the Performance Period compared to the TSR of the companies included in the TSR Comparator Group. Company Percentile Rank v. TSR Comparator Group Percent of Tranche 1 Stock that Shall Vest* Below Threshold Below the 25th [ ]th percentile [ ]% Threshold 25th [ ]th percentile [ ]% Target 50th [ ]th percentile [ ]% Maximum 75th [ ]th percentile and above [ ]% * The vesting percentage of the Tranche 1 Stock shall be determined using straight-line interpolation between performance levels.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Navigant Consulting Inc)

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