Common use of Negative TSR Clause in Contracts

Negative TSR. If ▇▇▇▇▇▇▇▇▇▇▇’s TSR over the Performance Period is negative, then the number of earned PSUs may not exceed the Target Award Opportunity.

Appears in 2 contracts

Sources: Performance Share Unit Award Agreement (Middlefield Banc Corp), Performance Share Unit Award Agreement (Middlefield Banc Corp)