TSR Performance RSUs Clause Samples
TSR Performance RSUs. For purposes of this Agreement, the Committee approved a Target TSR Performance RSU Amount of ( ) RSUs. After the completion of the Performance Period the Committee shall award the Participant a number of RSUs of between zero and up to 150% of the Target TSR Performance RSU Amount (“TSR Performance RSUs”), on the Determination Date (as defined below).
TSR Performance RSUs. On [●] (the “TSR Vesting Date”, together with the Time Vesting Dates, each a “Vesting Date”), subject to the Grantee’s continued employment with the Company or any of its Subsidiaries through such date, a percentage of the TSR Performance RSUs shall vest and no longer be subject to cancellation pursuant to Section 3 based on the extent to which the TSR target for the period beginning on [●] through [●] (the “Performance Period”) is attained, as set forth on Appendix A (the cumulative target, the “Three-Year TSR Target”). For performance that falls between any of the stated percentiles set forth on Appendix A, the percentage of TSR Performance RSUs that vest following the end of the Performance Period shall be determined by linear interpolation. Notwithstanding the targets set forth on Appendix A, in the event that absolute TSR is negative, the maximum Percentage of TSR Performance RSUs that may be earned is 100%. The vesting of the TSR Performance RSUs shall be subject to certification by the Committee of the extent to which the Three-Year TSR Target has been achieved.