Negative TSR Sample Clauses
The Negative TSR clause defines the consequences or adjustments that apply if the Total Shareholder Return (TSR) for a company or investment falls below zero over a specified period. Typically, this clause is used in executive compensation agreements or performance-based contracts, where payouts or vesting of awards are contingent on achieving certain TSR thresholds. For example, if the TSR is negative, the clause may reduce or eliminate bonus payments, restrict vesting of stock options, or trigger other financial adjustments. Its core practical function is to align incentives by ensuring that rewards are only granted when shareholders experience positive returns, thereby discouraging excessive risk-taking and protecting shareholder interests during periods of poor performance.
Negative TSR. If ▇▇▇▇▇▇▇▇▇▇▇’s TSR over the Performance Period is negative, then the number of earned PSUs may not exceed the Target Award Opportunity.
Negative TSR. Notwithstanding anything in this Award Agreement to the contrary, if (i) the TSR of a Share is negative and (ii) the number of Shares otherwise issuable on lapse of the restrictions applicable to the PSUs, as determined in accordance with this Award Agreement, exceeds the number of Target PSUs, the number of Shares issued to the Participant will equal the number of Target PSUs.
Negative TSR. If the Company’s TSR is negative, the Performance Percentage will be limited to 100%, regardless of the percentage determined under the Revenue CAGR Table.
Negative TSR. If the Company’s TSR for the Performance Period is negative, then the maximum Relative TSR Percentage that may be achieved is 100%.