Earned PSUs definition
Earned PSUs has the meaning set forth on the attached Long-Term Incentive Awards Summary Schedule.
Earned PSUs means the number of PSUs that are determined to be earned based on the attainment level of the Performance Objectives set forth in Schedule C of this Agreement and eligible to vest in accordance with the provisions of Article III.
Earned PSUs means the number of PSUs subject to an Annual Tranche or subject to the Cliff Tranche that are earned based on the actual level of achievement of the applicable Performance Goal, as certified by the Committee on the Determination Date, or that are otherwise earned in accordance with this Award Agreement. The number of Earned PSUs may range from 0% to 225% of the number of Target PSUs.
Examples of Earned PSUs in a sentence
If your Service terminates following the end of the Performance Period as a result of your death or Disability and you (or your estate) execute (and do not revoke) a Release within sixty (60) days following your Service termination, any unvested Earned PSUs shall become fully vested, effective upon such termination of Service.
Subject to the terms of the Agreement, the Performance Stock Units will be earned on the Determination Date as to the number of Earned PSUs, as defined below.
The portion of the Award that does not become Earned PSUs shall be forfeited on the Determination Date for no consideration.
More Definitions of Earned PSUs
Earned PSUs means the performance stock units that are earned in accordance with this Agreement, as described in Section 3 hereof.
Earned PSUs means: with respect to each Company PSU Award, the number of performance share units earned under the terms of the applicable award agreement, but with the applicable total shareholder return metric determined using a per share price equal to the Merger Consideration and the EBITDA-based metric determined based on actual performance as of the end of the performance period applicable to such Company PSU Award.
Earned PSUs means the Target PSUs multiplied by the Performance Multiplier set forth above.
Earned PSUs means the product of (a) the TSR Target Number multiplied by (b) the Adjusted Relative TSR Factor (such product shall be rounded to the nearest whole number).
Earned PSUs. The “Weighted Performance” is the weighted average of the Company’s level of performance achievement, in percentage terms, on the Revenue Growth Objective ([•]% weighting) and the Free Cash Flow Objective ([•]% weighting) The number of Earned PSUs shall equal the product of (i) the Target Number of PSUs Granted, (ii) the Weighted Performance and (iii) the Absolute Stock Price Modifier; provided, however, that the number of Earned PSUs shall not be greater than [•]% of the Target Number of PSUs Granted. Any PSUs that do not become Earned PSUs based on performance during the PSUs Performance Period shall not be eligible to vest pursuant to this Agreement and shall immediately be forfeited to the Company for no consideration upon expiration of the PSU Performance Period.
Earned PSUs means the percentage of the Target PSUs, if any, that are earned based on achievement of the Company’s Constant Currency Revenue Growth in accordance with this Exhibit A.
Earned PSUs means the product of (a) the ROTA Target Number multiplied by (b) the Adjusted Relative ROTA Factor (such product shall be rounded to the nearest whole number).