Absolute Stock Price definition

Absolute Stock Price means the average of the closing prices on the principal stock exchange on which the Company’s shares are traded, of one share of common stock for each of the last 20 trading days of the Performance Period. Share prices used in determining Absolute Stock Price shall be appropriately adjusted for any stock splits and stock dividends and any other events or transactions described in Section 4.2 of the Plan which may occur during the Performance Period.
View Source

Examples of Absolute Stock Price in a sentence

  • In the event of any change in the outstanding shares of PepsiCo Common Stock by reason of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination or exchange of shares, spin-off or other similar corporate change, the Absolute Stock Price Adjustment and the number and type of shares to which the PEPunits held by the Participant relate shall be adjusted to such extent (if any), determined to be appropriate and equitable by the Committee.

  • The Absolute Stock Price Adjustment shall be rounded to the second decimal and subject to the following limitations: (i) the maximum Absolute Stock Price Adjustment shall be 1.50; and (ii) if the quotient calculated as described in the preceding sentence is less than or equal to 0.50, the Absolute Stock Price Adjustment shall be zero (0).

  • The Absolute Stock Price Adjustment shall equal the quotient obtained by dividing (i) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date, by (ii) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Grant Date.

  • The Absolute Stock Price Adjustment shall equal the Premium Stock Factor minus 1.

  • If the 50% goal is achieved during the second year of the Performance Period, an incremental additional 25% of the RSUs will vest, for a total vesting of 50% of the RSUs. Each specified level of achievement of Absolute Stock Price Performance may only be achieved once during the Performance Period.

  • The number of RSUs that would vest upon the Change in Control based on the level of achievement of the Relative Total Shareholder Return objective and/or the Absolute Stock Price Performance objective shall be reduced by the number of RSUs (if any) that previously vested during the Performance Period under the Absolute Stock Price Performance objective.

  • Notwithstanding Section 1 above, the RSUs shall immediately vest as set forth in the table below if the Absolute Stock Price Performance objective is achieved (as certified by the Board in writing) as of any day during the period beginning on the Agreement Date and ending on the day prior to the last day of the Performance Period.

  • For the avoidance of doubt, there shall be no linear interpolation between the levels of achievement of Absolute Stock Price Performance.

  • Subject to the terms and conditions set forth herein, the number of PEPunits that are earned with respect to the 2012-2014 three year performance period (the “Performance Period,” which shall constitute a “Performance Period” as defined in the Plan) shall equal the product of (a) the target number of PEPunits set forth in the Award Summary, (b) the Absolute Stock Price Adjustment and (c) the Relative TSR Adjustment.

  • The Relative TSR Adjustment shall increase or decrease the Absolute Stock Price Adjustment, and shall be determined based on the percentile ranking of PepsiCo’s total shareholder return for the Performance Period relative to an index of peer companies selected by the Committee, calculated in accordance with the method established by the Committee (“Relative TSR”).