Common use of Performance-Based Restricted Stock Units Clause in Contracts

Performance-Based Restricted Stock Units. Executive will receive a three year grant of performance based restricted stock units as described below equal to $1,417,500 divided by the closing sales price on January 7, 2025 on the Nasdaq Global Select Market, with such quotient being rounded up or down to the nearest 100 shares, relating to your 2025 fiscal year service, 2026 fiscal year service, and 2027 fiscal year service, respectively. These performance based restricted stock units will be subject to certain conditions and limitations set forth in separate PSU Agreements. These performance based restricted stock units will be granted on January 8, 2025 and will vest in accordance with the table described below, provided Executive is still employed by the Company as of the vesting date and subject to the achievement of defined goals set forth in the table below.

Appears in 3 contracts

Sources: Employment Agreement (Texas Roadhouse, Inc.), Employment Agreement (Texas Roadhouse, Inc.), Employment Agreement (Texas Roadhouse, Inc.)

Performance-Based Restricted Stock Units. Executive will receive a three year grant of performance based restricted stock units as described below equal to $1,417,500 divided by the closing sales price on January 7, 2025 on the Nasdaq Global Select Market, with such quotient being rounded up or down to the nearest 100 shares, relating to your 2025 fiscal year service, 2026 fiscal year service, and 2027 fiscal year service, respectively. These performance based restricted stock units will be subject to certain conditions and limitations set forth in separate PSU Agreements. These performance based restricted stock units will be granted on January 8, 2025 and will vest in accordance with the table described below, provided Executive is still employed by the Company as of the vesting date and subject to the achievement of defined goals set forth in the table below.. ​

Appears in 1 contract

Sources: Employment Agreement (Texas Roadhouse, Inc.)

Performance-Based Restricted Stock Units. Executive will receive a three year grant of performance based restricted stock units as described below equal to $1,417,500 6,300,000 divided by the closing sales price on January 7, 2025 on the Nasdaq Global Select Market, with such quotient being rounded up or down to the nearest 100 shares, relating to your 2025 fiscal year service, 2026 fiscal year service, and 2027 fiscal year service, respectively. These performance based restricted stock units will be subject to certain conditions and limitations set forth in separate PSU Agreements. These performance based restricted stock units will be granted on January 8, 2025 and will vest in accordance with the table described below, provided Executive is still employed by the Company as of the vesting date and subject to the achievement of defined goals set forth in the table below.

Appears in 1 contract

Sources: Employment Agreement (Texas Roadhouse, Inc.)

Performance-Based Restricted Stock Units. Executive will receive a three year grant of performance based restricted stock units as described below equal to $1,417,500 2,175,000 divided by the closing sales price on January 7, 2025 on the Nasdaq Global Select Market, with such quotient being rounded up or down to the nearest 100 shares, relating to your 2025 fiscal year service, 2026 fiscal year service, and 2027 fiscal year service, respectively. These performance based restricted stock units will be subject to certain conditions and limitations set forth in separate PSU Agreements. These performance based restricted stock units will be granted on January 8, 2025 and will vest in accordance with the table described below, provided Executive is still employed by the Company as of the vesting date and subject to the achievement of defined goals set forth in the table below.

Appears in 1 contract

Sources: Employment Agreement (Texas Roadhouse, Inc.)