Examples of Total Shareholder Return in a sentence
Therefore, the maximum number of PSUs that can vest is two times the target number of PSUs. The award is also subject to a cumulative three-year Total Shareholder Return (“TSR”) modifier established by the Committee which can increase or decrease the award by up to 25% depending on the Company’s TSR versus the S&P 1000 index over the same cumulative three-year performance period.
Therefore, the maximum number of CIUs that can vest is two times the target number of CIUs. The award is also subject to a cumulative three-year Total Shareholder Return (“TSR”) modifier established by the Committee which can increase or decrease the award by up to 25% depending on the Company’s TSR versus the S&P 1000 index over the same cumulative three-year period.
The Committee shall determine the Total Shareholder Return within 60 days after the end of the Performance Period.
For the avoidance of doubt, no dividend equivalents shall be credited to PRSUs prior to the Committee determining the Total Shareholder Return (and thus the actual number of PRSUs subject to vesting).
Except as otherwise set forth in this Agreement or in the Plan, the number of PRSU’s that shall vest on the Vesting Date will be determined in accordance with the Vesting Table, based on the Company’s achievement of Total Shareholder Return for the Performance Period.