Additional PSUs Sample Clauses
The 'Additional PSUs' clause defines the conditions under which an employee or participant may be granted Performance Share Units (PSUs) beyond the initial award specified in their agreement. Typically, this clause outlines the criteria or events—such as exceptional company performance, promotions, or special projects—that could trigger the issuance of extra PSUs. By establishing a clear framework for awarding additional PSUs, the clause incentivizes outstanding performance and provides flexibility for the company to reward employees in alignment with evolving business goals.
Additional PSUs. The Participant’s interest in the Additional PSUs shall become vested and nonforfeitable on the date, and to the extent that, the underlying Target PSUs in respect of which the Additional PSUs were credited, become vested and nonforfeitable, including after adjustment for performance in accordance with this Section 3.
Additional PSUs. (a) The Participant shall be eligible to receive up to 20% of the Target PSUs (the “Additional PSUs”) upon achievement of any or all of the Operational Performance Goals (as set forth in Table 3(a)(i) below) and capped based on the Adjusted EBITDA Performance Goal achieved through the Adjusted EBITDA Performance Period end date (as set forth in Table 3(a)(ii) below). In no event shall the Participant be eligible to earn more than 400% of Target PSUs (when taking into account the Adjusted EBITDA Payout Factor together with the achievement, if any, of any of the Operational Performance Goals). Performance Goal* % of Additional PSUs Earned** Performance Goal* % of Additional PSUs Earned** Performance Goal* % of Additional PSUs Earned** Threshold [●] [●] [●] [●] [●] [●] Target [●] [●] [●] [●] [●] [●] Maximum [●] [●] [●] [●] [●] [●] *Linear interpolation to be applied only between Target and Maximum performance levels.**Represents the percentage to be applied to the maximum percentage of Target PSUs eligible to vest as Additional PSUs presented in the table below. [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] [●] If the level of Adjusted EBITDA achieved by the Company on any Adjusted EBITDA determination date is between any two Adjusted EBITDA Performance Goals set forth in the above table, the Guest Satisfaction Performance Goal, Employee Engagement Performance Goal and Relative Sustainalytics Performance Goal shall each be determined as follows, which amount will be net of any PSUs that previously became earned PSUs.
(b) Determination of Additional PSUs. Achievement of the Guest Satisfaction Performance Goal, Employee Engagement Performance Goal and Relative Sustainalytics Performance Goal shall each be independently determined by the Committee following the Operational Performance Period end date.
Additional PSUs. Between the Date of Grant and the Vesting Date, the Company shall credit to a bookkeeping account maintained on your behalf an amount equal to any cash dividends you would have received if the shares of Stock subject to the PSUs had been issued and outstanding. The amount credited to the bookkeeping account shall be credited as additional PSUs which shall be paid to you upon vesting of the PSUs.
Additional PSUs. At any time on or after the date hereof and prior to the Measurement Date, the Committee may, but shall not be required to, substitute additional PSUs for up to 100% of the cash portion of the Performance Award that may be earned hereunder. Notwithstanding anything in this Agreement to the contrary, in the event the Committee makes such a substitution, the PSUs will vest on the same schedule as would apply to the cash portion that the Performance Shares replaced. Any such determination will be subject to the sole discretion of the Committee and communicated to you by any manner deemed appropriate by the Committee. In the event of any such substitution, the Committee shall value any such replacement PSUs at a price per share equal to the closing price of the Common Stock for the trading market on May 18, 2019, the date of the grant of the Performance Award. Any such decision by the Committee shall also be subject to the Company having available authorized but unissued performance shares under the Plan to satisfy such Performance Award.