Number of RSUs definition
Examples of Number of RSUs in a sentence
The following table shall apply for purposes of calculating the number of RSUs that become Earned RSUs pursuant to this Agreement: Greater than or Equal to 75th Percentile 200% 50th Percentile 100% 25th Percentile 50% Below 25th Percentile 0% The maximum percentage by which the Target Award Number of RSUs may be multiplied shall not exceed 200%.
Specifically, the Committee shall calculate the number of such Earned RSUs by multiplying the Target Award Number of RSUs by the applicable Payout Percentage set forth in the table below based on the Company’s Total Shareholder Return or Relative Total Shareholder Return results, as applicable, in each case as certified by the Committee for the Performance Period, and subject to such further adjustments and determinations as may be made in the sole discretion of the Committee.
Grant Date: [January 2, 2025] Number of RSUs: [To have a Grant Date value of $5,000,000] Vesting Schedule: All of the RSUs are nonvested and forfeitable as of the Grant Date.