Common use of TSR Clause in Contracts

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th percentile, but is less than the 50th percentile of TSR of the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.

Appears in 5 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

AutoNDA by SimpleDocs

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th 50th percentile, but is less than the 50th 75th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25100% of the TSR Target Performance Shares and 100200% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.

Appears in 5 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period equals or exceeds the 25th percentile, but is less than the 50th 75th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25200% of the TSR Target Performance Shares and 100% of the TSR Target Performance Sharesshall become earned, with a fractional share rounded down to the next whole share.

Appears in 3 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds for the TSR Performance Period is at the 25th percentile, but is less than the 50th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Sharesshall become earned, with a fractional share rounded down to the next whole share.

Appears in 3 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds for the 25th percentile, but TSR Performance Period is less than at the 50th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25100% of the TSR Target Performance Shares and 100% of the TSR Target Performance Sharesshall become earned, with a fractional share rounded down to the next whole share.

Appears in 3 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

AutoNDA by SimpleDocs

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds for the TSR Performance Period is at the 25th percentile, but is less than the 50th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole shareshall become earned.

Appears in 2 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Shares Award Agreement (Myr Group Inc.)

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th 50th percentile, but is less than the 50th 75th percentile of TSR of for the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25100% of the TSR Target Performance Shares and 100200% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Myr Group Inc.)

TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th percentile, but is less than the 50th percentile of TSR of the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.

Appears in 1 contract

Samples: Performance Shares Award Agreement (Myr Group Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.