Examples of Relative TSR Goal in a sentence
The Relative TSR Goal will be established and measured, and performance achievement otherwise determined, in the same manner and pursuant to the same terms as approved by the Compensation Committee for the performance-based restricted stock units granted in connection with the 2018-2020 Long-Term Incentive Program.
For the avoidance of doubt, (a) if the Relative TSR Goal is achieved as provided in the foregoing sentence, the vesting date will be the date on which such achievement is determined by the Committee, and (b) if the Relative TSR Goal is not achieved, 100% of the Option will be forfeited as of the end of the Performance Cycle and there will be no linear interpolation relating to achievement below the Relative TSR Goal.
The (i) the Gross Merchandise Sales Goal for Target performance is $[●], (ii) the Revenue Goal for Target performance is $[●] (iii) the Adjusted EBITDA Goal for Target performance is $[●] and (iv) the Relative TSR Goal for Target performance is [●]th percentile, in each case, determined, except as otherwise provided herein, at the end the three-year Performance Period (as defined below).
Relative TSR Goal - After the end of the 2003 through 2005 Performance Period the Committee shall determine the Total Shareholder Return ("TSR") for each member of the group of companies listed below (the "Peer Group"), and shall rank the members of the Peer Group from highest to lowest TSR.
The portion of each of the Fourth Tranche and the Fifth Tranche that is not earned due to the level of achievement of the Relative TSR Goal shall be forfeited for no consideration effective as of the TSR Measurement Date, regardless of whether the Fourth Stock Price Hurdle or the Fifth Stock Price Hurdle, as applicable, is achieved.
The (i) Gross Merchandise Sales Goal for Target performance is $[●] billion, (ii) Revenue Goal for Target performance is $[●] billion, (iii) Adjusted EBITDA Margin Goal for Target performance is [●]% and (iv) Relative TSR Goal for Target performance is 55th percentile, in each case, determined, except as otherwise provided herein, at the end of the applicable Performance Period (as defined below).