TSR Measurement Date definition
Examples of TSR Measurement Date in a sentence
If the Grantee’s Employment is voluntarily or involuntarily terminated for any reason prior to the TSR Measurement Date, all such unvested Restricted Stock Units shall immediately and automatically be forfeited.
On the TSR Measurement Date, the Administrator shall determine the extent to which, if any, the performance objective has been met and the number of Restricted Stock Units that are earned hereunder.
The TSR Modifier shall be determined by substituting for the TSR Measurement Date the date of the Change in Control.
Notwithstanding anything set forth in clause (i), if the Company’s TSR for the period between the First Date and the TSR Measurement Date (the “TSR Performance Period”) is below the fiftieth (50th) percentile ranking of the TSR for the Share Unit Peer Group, you will be entitled to receive no more than the number of Common Shares equal to 100% of the TSR-Based Share Units.
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.