Examples of Beginning Share Price in a sentence
For purposes of the calculation above, the Beginning Share Price for TSR Year 1 shall be the closing stock price on the Grant Date, the Beginning Share Price for TSR Year 2 shall be the Ending Share Price for TSR Year 1, and the Beginning Share Price for TSR Year 3 shall be the Ending Share Price for TSR Year 2.
Immediately prior to the spin-off, each Banked PSU will, by virtue of the spin-off, convert into a number of LQ RSAs equal to (i) the dollar value of such Banked PSU, divided by (ii) the Beginning Share Price (as such term is defined in the applicable LQ PSU grant notice) applicable to such Banked PSU, which LQ RSAs will be subject to the same vesting terms as the Banked PSU to which such LQ RSAs relate.
As of immediately prior to the Effective Time, each Banked PSU shall, by virtue of the Distribution and without further action by either LQ, CPLG or any holder of a Banked PSU, convert into a number of LQ RSAs equal to (i) the dollar value of such Banked PSU, divided by (ii) the Beginning Share Price (as such term is defined in the applicable LQ PSU grant notice) applicable to such Banked PSU, which LQ RSAs shall be subject to the same vesting terms as the Banked PSU to which such LQ RSAs relate.
The Company’s TSR will be calculated in the first quarter of the year following each Performance Period by dividing (A) the sum of (i) the total dividends paid per share to shareholders during the Performance Period plus (ii) the difference between the Final Share Price and the Beginning Share Price, by (B) the Beginning Share Price.
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