Tranche 1 Units. The Tranche 1 Units earned under this Agreement (the “Earned Tranche 1 Units”), unless earlier terminated, shall become fully vested, provided the Participant has remained continuously employed by the Company or its subsidiaries through the Performance Period. The number of Earned Tranche 1 Units shall be equal to the Tranche 1 Units (identified in Section 1 above) multiplied by the Tranche 1 Relative Performance Multiplier (as defined herein). The “Tranche 1 Relative Performance Multiplier” will be determined by comparing the Company’s Total Shareholder Return to the Total Shareholder Return of each of the companies in the Peer Group during the Performance Period (determined in the manner set forth below).
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Samples: Performance Restricted Stock Unit Agreement (Comfort Systems Usa Inc), Performance Restricted Stock Unit Agreement (Comfort Systems Usa Inc), Performance Restricted Stock Unit Agreement (Comfort Systems Usa Inc)
Tranche 1 Units. The Tranche 1 Units earned under this Agreement (the “Earned Tranche 1 Units”), unless earlier terminated, shall become fully vested, provided the Participant has remained continuously employed by the Company or its subsidiaries through the end of the Performance Period. The number of Earned Tranche 1 Units shall be equal to the Tranche 1 Units (identified in Section 1 above) multiplied by the Tranche 1 Relative Performance Multiplier (as defined herein). The “Tranche 1 Relative Performance Multiplier” will be determined by comparing the Company’s Total Shareholder Return to the Total Shareholder Return of each of the companies in the Peer Group during the Performance Period (determined in the manner set forth below).
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Samples: Performance Restricted Stock Unit Agreement (Comfort Systems Usa Inc)