Relative TSR PSUs. The Relative TSR PSUs will be earned based upon the Company’s Relative TSR over the Three-Year Performance Period against the goals set forth in the table below.
Relative TSR PSUs. The Relative TSR PSUs shall be earned and eligible to vest as follows based on performance during the Performance Period: Relative TSR Percentage of Relative TSR Target Number Earned Below 25th percentile 0% 25th Percentile ("Threshold Relative TSR") 50% 55th Percentile ("Target Relative TSR") 100% 85th Percentile ("Maximum Relative TSR") or more 200% If actual Relative TSR for the Performance Period is between Threshold Relative TSR and Target Relative TSR, or between Target Relative TSR and Maximum Relative TSR, the number of Relative TSR PSUs that will be earned and eligible to vest will be determined by linear interpolation. In addition, the following special rules shall apply: (i) If the Company’s absolute TSR is negative for the Performance Period, the earned number of Relative TSR PSUs will in no event exceed 100% of the Relative TSR Target Number; and (ii) in no event shall the aggregate value of the Shares and/or other consideration issued in settlement of the Relative TSR PSUs exceed eight (8) times the value of the Relative TSR Target Award valued as of the Effective Date, and such Shares and/or other consideration shall be reduced to the extent necessary to reflect that the aggregate value of such Shares and/or other consideration does not exceed such amount. The Comparator Group consists of the following companies, subject to adjustment as specified below: Biglari Holdings Inc. (NYSE:BH.A) Xxxx in the Box Inc. (NasdaqGS:XXXX) BJ's Restaurants, Inc. (NasdaqGS:BJRI) Krispy Kreme, Inc. (NasdaqGS:DNUT) Bloomin' Brands, Inc. (NasdaqGS:BLMN) Kura Sushi USA, Inc. (NasdaqGM:XXXX) Xxxxxxx International, Inc. (NYSE:EAT) XxXxxxxx'x Corporation (NYSE:MCD) Carrols Restaurant Group, Inc. (NasdaqGS:TAST) Nathan's Famous, Inc. (NasdaqGS:NATH) Chipotle Mexican Grill, Inc. (NYSE:CMG) Papa John's International, Inc. (NasdaqGS:PZZA) Chuy's Holdings, Inc. (NasdaqGS:CHUY) Xxxxxxxx'x Inc. (NasdaqGS:PTLO) Cracker Barrel Old Country Store (NasdaqGS:CBRL) Red Xxxxx Gourmet Burgers, Inc. (NasdaqGS:RRGB) Xxxxxx Restaurants, Inc. (NYSE:DRI) Ruth's Hospitality Group, Inc. (NasdaqGS:XXXX) Xxxx & Buster's Entertainment, Inc. (NasdaqGS:PLAY) Shake Shack Inc. (NYSE:SHAK) Del Taco Restaurants, Inc. (NasdaqCM:TACO) Starbucks Corporation (NasdaqGS:SBUX) Xxxxx'x Corporation (NasdaqCM:DENN) Texas Roadhouse, Inc. (NasdaqGS:TXRH) Dine Brands Global, Inc. (NYSE:DIN) The Cheesecake Factory (NasdaqGS:CAKE) Domino's Pizza, Inc. (NYSE:DPZ) The ONE Group Hospitality, Inc. (NasdaqCM:STKS) E...
Relative TSR PSUs. (a) The applicable Relative TSR Multiplier shall be as set forth in the table in Section 2.1(b) below (with straight line interpolation between the Relative TSR Multipliers set forth below), based on the Company’s percentile ranking determined by comparing the Company’s Total Stockholder Return realized over the Performance Period to the Total Stockholder Return realized over the Performance Period by each of the following peer companies: (i) Chesapeake Lodging Trust, (ii) DiamondRock Hospitality Company, (iii) FelCor Lodging Trust Inc., (iv) Hersha Hospitality Trust, (v) Host Hotels and Resorts Inc., (vi) LaSalle Hotel Properties, (vii) Pebblebrook Hotel Trust, (viii) RLJ Lodging Trust, (ix) Sunstone Hotel Investors, Inc., and (x) Xenia Hotels and Resorts, Inc. If any of such peer companies ceases to exist as an independent public company at any time during the Performance Period, then such company shall be disregarded. For purposes of clarity, the Company’s performance will be compared to that of the peers (using the percent rank function in Microsoft Excel), with the Company’s performance included in the calculation of peer company performance (i.e., Company performance vs. peers).
Relative TSR PSUs