TSR Performance Condition. 2.1 Subject to possible reduction under Section 4, the number of TSR Performance Shares to be issued or otherwise delivered to Recipient shall be determined by multiplying the TSR Payout Factor (as defined below) by the TSR Target Share Amount; provided, however, that no TSR Performance Shares shall be issued or otherwise delivered unless the Company’s TSR (as defined below) for the Award Period is at least %.
Appears in 3 contracts
Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)
TSR Performance Condition. 2.1 Subject to possible reduction under Section 4, the number of TSR Performance Shares to be issued or otherwise delivered to Recipient shall be determined by multiplying the TSR Payout Factor (as defined below) by the TSR Target Share Amount; provided, however, that no TSR Performance Shares shall be issued or otherwise delivered unless if the Company’s TSR (as defined below) for the Award Period is at least less than 0%.
Appears in 2 contracts
Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)
TSR Performance Condition. 2.1 Subject to possible reduction under Section 4, the number of TSR Performance Shares to be issued or otherwise delivered to Recipient shall be determined by multiplying the TSR Payout Factor (as defined below) by the TSR Target Share Amount; provided, however, that no TSR Performance Shares shall be issued or otherwise delivered unless the Company’s TSR (as defined below) for the Award Period is at least 19.1%.
Appears in 2 contracts
Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)
TSR Performance Condition. 2.1 Subject to possible reduction under Section 4, the number of TSR Performance Shares to be issued or otherwise delivered to Recipient shall be determined by multiplying the TSR Payout Factor (as defined below) by the TSR Target Share Amount; provided, however, that no TSR Performance Shares shall be issued or otherwise delivered unless the Company’s TSR (as defined below) for the Award Period is at least %.
Appears in 1 contract
Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co)
TSR Performance Condition. 2.1 Subject to possible reduction under Section 4, the number of TSR Performance Shares to be issued or otherwise delivered to Recipient shall be determined by multiplying the TSR Payout Factor (as defined below) by the TSR Target Share Amount; provided, however, that no TSR Performance Shares shall be issued or otherwise delivered unless the Company’s TSR (as defined below) for the Award Period is at least %.;
Appears in 1 contract
Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co)