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
The Participant also agrees that the Ordinary Shares or CUFS to be received resulting from the Earned PSUs will not be released until the Withholding Amount and other obligations have been fully satisfied.
Any notice period mandated under local law shall not be treated as active employment for the purpose of determining the vesting of the Award; and your right to receive Ordinary Shares or CUFS in settlement of the Earned PSUs after termination of employment, if any, will be measured by the number vested as of the date of termination of your active employment by any Group Company and will not be extended by any notice period mandated under local law.
More Definitions of Earned PSUs
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 performance stock units that are earned in accordance with this Agreement, as described in Section 3 hereof.
Earned PSUs means, with respect to a Company PSU Award, the number of restricted stock units underlying such Company PSU Award determined based on: (x) for each completed fiscal year during the performance period applicable to such Company PSU Award that ends at least one month prior to the Effective Time, actual performance as determined in accordance with the applicable award agreement, and (y) for each fiscal year during the performance period applicable to the Company PSU Award that does not end at least one month prior to the Effective Time, target performance for such fiscal year.
Earned PSUs means the number of Initial PSUs earned pursuant to the performance terms described herein.
Earned PSUs means a number of Performance Stock Units (as determined by the Committee) equal to the quotient obtained by dividing (i) the Value Creation Amount by (ii) the VWAP on the Valuation Date, rounded up or down to the nearest whole number, provided that the number of Earned PSUs shall not be greater than the Maximum Number.
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).