Payout Governor definition

Payout Governor means that regardless of percentile ranking for either Performance Goal, if the Company’s TSR is negative, the Grantee shall be entitled to receive no more than 100% of the PSUs.
Sample 1Sample 2Sample 3
Payout Governor means that regardless of percentile ranking for either Performance Goal, if the Company’s TSR is negative, the Grantee shall be entitled to receive no more than 100% of the Performance Share Units.
Sample 1Sample 2Sample 3

Examples of Payout Governor in a sentence

  • For this portion of the award, each PSU shall, subject to the vesting provisions set forth in the Agreement and the Payout Governor, entitle the Grantee to receive Shares based on the levels of achievement in the following table.

Related to Payout Governor

  • Office of the Governor means the Governor; his chief of staff, counsel, director of policy, Cabinet

  • Corporate governance annual disclosure means a report an insurer or insurance group files in accordance with the requirements of Chapter 16b, Corporate Governance Annual Disclosure Act.

  • Governor shall include any child, stepchild, parent, grandchild, grandparent, brother, sister or spouse of the governor or any person living with the governor as his or her partner

  • Additional Governors means the Governors appointed pursuant to Article 62 and 62A;

  • Nominating and Corporate Governance Committee means the nominating and corporate governance committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

  • Board of Governors means the Board of Governors of the Federal Reserve System of the United States of America.

  • Further Governors means Governors who may be appointed by the Secretary of State under the Articles of Association if a Special Measures Termination Event, as defined in this Agreement, occurs;

  • State Government means the Government of the State of Punjab;

  • Parent Local Governor means the parent member of a Local Governing Body elected or appointed in accordance with Articles 54-56;

  • Indian governing body means the governing body of any tribe, band, or group of Indians subject to the jurisdiction of the United States and recognized by the United States as possessing power of self-government.

  • The Government means the Government of Karnataka State.