TSR Performance Percentage definition
Examples of TSR Performance Percentage in a sentence
As soon as practicable following the completion of the Performance Period, the Committee shall determine and certify in writing the TSR Performance that has been attained, the TSR Performance Percentage and the number of TSR XXXx that will be eligible to vest based on the TSR Performance Percentage.
Subject to the conditions and limitations set forth herein, the Company will determine and distribute shares of Common Stock to the extent earned as set forth below on a date (“Distribution Date”) in the first calendar quarter of 2018 (no later than March 15, 2018) in which the Committee determines and certifies the Relative SNL Lodging Index TSR Performance Percentage achieved, as described in Section 2 hereof.
The number of PBRSUs earned for TSR Performance shall be equal to the product of (i) the TSR Performance Percentage determined under Exhibit A (which may range from 0% to 200%), multiplied by (ii) the Participant’s TSR Target Number.
In the event of a Corporate Transaction constituting a Change of Control, where the successor corporation fails to assume the Participant’s TSR XXXx or substitute an equivalent award such that Section 4(b) of the Notice of Grant applies and the Award expires, the TSR XXXx will accelerate and become immediately payable with a TSR Performance Percentage of , notwithstanding any other higher performance then-predicted or expected.
Subject to the conditions and limitations set forth herein, the Company will determine and distribute shares of Common Stock to the extent earned as set forth below on a date (“Distribution Date”) in the first calendar quarter of 2015 (no later than March 15, 2015) in which the Committee determines and certifies the Relative SNL Lodging Index TSR Performance Percentage and the Relative MSCI US REIT Index TSR Performance Percentage achieved, each as described in Section 2 hereof.
As set forth above, subject to your continued employment through the settlement date of the Award as set forth below, the vesting of Units under this Award depends upon the Company’s performance with respect to two performance metrics: Relative TSR Performance Percentage and Replacement Reserves Percentage.
As set forth above, subject to your continued employment through the settlement date of the Award as set forth below, the vesting of Units under this Award depends upon two performance metrics: Relative TSR Performance Percentage and Cash Flow From Operations.
The percentage of the TSR Percentage that will be paid out, if any, is based on the following table: Relative TSR Performance Percentage Payout 75th or above 125% 65th 100% Below 25th 0% To the extent that the Company’s Relative TSR Performance ranks in a percentile between the 25th and 75th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above.
The percentage of the TSR Percentage of Goal-Based Stock shares that will be issued, if any, is based on the following table: Relative TSR Performance Percentage Payout 85th or above 200% 50th 100% 25th 50% Below 25th 0% To the extent that the Company’s Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above.
Relative TSR Performance Percentage Payout of TSR Percentage Top Quartile - 75 % to 100% 150% - 200% 2nd Quartile - 50% to 74.9% 100% - 149.9% 3rd Quartile - 25% to 49.9% 50% - 99.9% 4th Quartile - below 25% 0% To the extent that the Company’s TSR Performance ranks in a percentile within the 1st, 2nd or 3rd Quartiles of Relative TSR Performance, then the TSR Percentage Payout shall be interpolated between the top and bottom of the Percentage Payout of TSR Percentage range for that Quartile.