Common use of Number of PSUs Earned Clause in Contracts

Number of PSUs Earned. The total number of Performance Units earned by the Grantee, before application of any adjustment related to the TSR Modifier, shall equal the sum of the Relative ROATCE Performance Units earned and the Relative TBV Accretion Performance Units earned for the Performance Period (with linear interpolation for earning between levels) pursuant to the following table: Percentile Performance Goal Achieved(1) Percent of Target Award Earned(payout percentage)(2) At or below the 25th percentile: 0% At 26th percentile (Threshold): 1% At 50th percentile: 50% At 75th percentile (Target): 100% At 95th percentile (Maximum): 200%

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2023 Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2022 Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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Number of PSUs Earned. The total number of Performance Units earned by the Grantee, before application of any adjustment related to the TSR Modifier, shall equal the sum of the Relative ROATCE Performance Units earned and the Relative TBV Accretion Performance Units earned for the Performance Period (with linear interpolation for earning between levels) pursuant to the following table: Percentile Performance Goal Achieved(1) Percent of Target Award Earned(payout percentage)(2) At or below the 25th percentile: 0% At 26th percentile (Threshold): 1% At 50th percentile: 50% At 75th percentile (Target): 100% At 95th percentile (Maximum): 200%

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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