CTSR definition

CTSR means the Cumulative Total Shareholder Return, measured on any date as the cumulative increase in the Fair Market Value of a Share of the Common Stock. The starting point for the measurement of CTSR shall be $8.50 per share (as appropriately adjusted for any stock splits, stock dividends and the like or otherwise pursuant to Section I). For example, if the Fair Market Value of a Share of the Common Stock were to increase to $12.75, $17.00 or $25.50 (as appropriately adjusted for any stock splits, stock dividends and the like or otherwise pursuant to Section I) then the CTSR would be 50%, 100% and 200%, respectively. In the event that any dividends are paid on the Common Stock (other than dividends paid in Common Stock), the CTSR will be calculated as though such dividends were used to purchase additional Shares of the Common Stock, in the same manner as required by the Securities Exchange Commission for proxy statement purposes.
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CTSR means the percentage point increase or decrease in (a) the Average Per Share Closing Price for the 60-calendar-day period ending on the last day of the Performance Period over (b) the Average Per Share Closing Price for the 60-calendar-day period ending on [ ]. “Average Per Share Closing Price” means the average of the daily closing price per Share as reported on the NASDAQ Stock Market for all trading days falling within an applicable 60-calendar-day period. The Average Per Share Closing Price shall be adjusted in each case to reflect an assumed reinvestment, as of the of applicable dividend payment date, of all cash dividends (if any) and other cash distributions (excluding cash distributions resulting from share repurchases or redemptions by the Company) paid to stockholders, as applicable, during the 60-calendar-day period ending on the first day of the Performance Period and during the Performance Period. “Benchmark Index Total Return” or “BITR” means the percentage point increase or decrease in (a) the Average Index Value for the 60-calendar-day period ending on the last day of the Performance Period over (b) the Average Index Value for the 60-calendar-day period ending on [ ]. “Average Index Value” means the average of the daily closing values of the Benchmark Index as reported by the NASDAQ Stock Market for all trading days falling within the applicable 60-calendar-day period.
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Examples of CTSR in a sentence

  • Should the CTSR performance threshold not be achieved as of the fourth anniversary of the Grant Date, the option will be forfeited with respect to the unvested portion on such date.

  • Should the CTSR performance threshold not be achieved within four years from the Grant Date, the restricted stock units will be forfeited on such date.

  • The starting point for the measurement of CTSR shall be the lower of (i) $8.50 per share or (ii) the per share exercise price of the option granted to you pursuant to this letter.

  • Workplace supervisors are required to observe their trainee’s practice at least once a term - either by sitting in on a therapy session or via video recording and providing feedback on CBT competencies using the CTS-R.

  • All vesting described in this section is contingent upon Optionee remaining a Service Provider of the Company through each vesting date, including the date on which the applicable CTSR performance threshold is first achieved.

  • A site can elect not to participate in the CTSR, with approval from the sponsor, and there will be no protocol deviations recorded for leaving it out of the procedures.

  • As to 333,333 Shares, the Option will vest as to 83,333 of such Shares on the later of the first date on which the Company achieves a CTSR of at least 200% or the 9-month anniversary of the Grant Date.

  • This is required for supervision purposes and in order to carry out the required course assessments; there will be 4 formative and 3 summative CBT competencies assessments (CTS-R & Reflection).

  • In addition, the Company will keep track on a daily basis as to whether the CTSR performance threshold required for each vesting tranche described below has been met, as the parties expressly intend that attainment of the CTSR performance thresholds may happen on any day within a month or year even if such CTSR performance threshold has not been attained at subsequent month-end or year-end.

  • As to 333,333 Shares, the Option will vest as to 83,333 of such Shares on the later of the first date on which the Company achieves a CTSR of at least 100% or the 9-month anniversary of the Grant Date.

Related to CTSR

  • rTSR means the percentile rank of the Company’s Total Shareholder Return among the Total Shareholder Returns of all members of the Peer Group, ranked in descending order, at the end of the Performance Period.

  • Company TSR means, for any Performance Period, the Company’s TSR for such Performance Period.

  • TSR means total shareholder return.

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • ROIC is an internally adjusted ratio based on Net Operating Profit After Taxes (NOPAT) / (debt + equity - cash) and is averaged for each year during the Measurement Period.