Earning of Award. The extent to which the Participant will earn the TSR Units is based on the Company TSR Percentile Ranking for the Performance Period based on the following chart: Company TSR Percentile Ranking Percentage of TSR Units Earned ≥ 90th 200% (maximum) 75th 162.5% 50th 100% (target) 25th 37.5% (threshold) <25th 0% Linear interpolation shall be used to determine the percentage of TSR Units earned in the event the Company TSR Percentile Ranking falls between the 25th and 50th percentiles, the 50th and 75th percentiles or the 75th and 90th percentiles listed in the above chart. The Company TSR Percentile Ranking will be determined as set forth in Section 1(c) below.
Appears in 3 contracts
Samples: Long Term Performance Unit Award Agreement (Wendy's/Arby's Restaurants, LLC), Long Term Performance Unit Award Agreement (Wendy's/Arby's Group, Inc.), Term Performance Unit Award Agreement (Wendy's Restaurants, LLC)
Earning of Award. The extent to which the Participant will earn the TSR Units is based on the Company TSR Percentile Ranking for the Performance Period based on the following chart: Company TSR Percentile Ranking Percentage of TSR Units Earned ≥ 90th 200% (maximum) 75th 162.5% 50th 100% (target) 25th 37.5% (threshold) <25th 0—% Linear interpolation shall be used to determine the percentage of TSR Units earned in the event the Company TSR Percentile Ranking falls between the 25th and 50th percentiles, the 50th and 75th percentiles or the 75th and 90th percentiles listed in the above chart. The Company TSR Percentile Ranking will be determined as set forth in Section 1(c) below.
Appears in 1 contract
Samples: Wendy's Company (Wendy's Co)
