Common use of Earning of Award Clause in Contracts

Earning of Award. The extent to which the Participant will earn the TSR Units is based on the Company TSR Percentile Ranking (as defined below) for the Performance Period based on the following chart: Company TSR Percentile Ranking Percentage of TSR Units Earned ≥ 90th 200.0% (Maximum) 75th 150.0% (Above Target) 50th 100.0% (Target) 37.5th 75.0% (Above Threshold) 25th 37.5% (Threshold) < 25th 0.0% (Below Threshold) Linear interpolation shall be used to determine the percentage of TSR Units earned in the event the Company TSR Percentile Ranking falls between the (i) 25th and 37.5th percentiles, (ii) the 37.5th and 50th percentiles, (iii) the 50th and 75th percentiles or (iv) the 75th and 90th percentiles listed in the above chart. The Company TSR Percentile Ranking will be determined as set forth in Section 2(c) below.

Appears in 6 contracts

Samples: Term Performance Unit Award Agreement (Wendy's Co), The Wendy’s Company (Wendy's Co), Term Performance Unit Award Agreement (Wendy's Co)

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Earning of Award. The extent to which the Participant will earn the TSR Units is based on the Company TSR Percentile Ranking (as defined below) for the Performance Period based on the following chart: Company TSR Percentile Ranking Percentage of TSR Units Earned ≥ 90th 200.0% (Maximum) 75th 150.0% (Above Target) 50th 100.0% (Target) 37.5th 75.0% (Above Threshold) 25th 37.5% (Threshold) < <25th 0.0% (Below Threshold) Linear interpolation shall be used to determine the percentage of TSR Units earned in the event the Company TSR Percentile Ranking falls between the (i) 25th and 37.5th percentiles, (ii) the 37.5th and 50th percentiles, (iii) the 50th and 75th percentiles or (iv) the 75th and 90th percentiles listed in the above chart. The Company TSR Percentile Ranking will be determined as set forth in Section 2(c) below.

Appears in 4 contracts

Samples: Term Performance Unit Award Agreement (Wendy's Co), Wendy’s Company Long Term Performance Unit Award Agreement (Wendy's Co), The Wendy’s Company Long Term Performance Unit Award Agreement (Wendy's Co)

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