Peer Group definition
Examples of Peer Group in a sentence
Notwithstanding any other provision of this Award Agreement, if the Committee certifies that the Company’s Total Shareholder Return (TSR) is less than zero for a measurement period, the number of Performance Units for which the Restrictions shall lapse shall be limited to 150% of the Target Total Shareholder Return Goal, regardless of the Company’s TSR percentile ranking within the Peer Group.
If the Company’s TSR also ranks above the 50th percentile of the Peer Group and satisfies other applicable performance conditions under this Award Agreement, additional Performance Units may vest in accordance with the relative performance vesting schedule, up to the maximum specified in this Award Agreement.
Notwithstanding any other provision of this Award Agreement, if the Committee certifies that the Company’s TSR is 25% or greater for a measurement period, the number of Performance Units for which the Restrictions shall lapse shall be at least 100% of the Target Total Shareholder Return Goal Performance Units, regardless of the Company’s TSR percentile ranking within the Peer Group.
If the Company’s TSR also ranks above the 50th percentile of the Peer Group, the Restrictions shall lapse for additional Performance Units based on the Company’s TSR percentile ranking within the Peer Group, up to the maximum specified in this Award Agreement.
Notwithstanding any other provision of this Award Agreement, if the Committee certifies that the Company’s Total Shareholder Return (TSR) is 25% or greater for a measurement period, the conditions for vesting shall be deemed satisfied for at least 100% of the Target Total Shareholder Return Goal Performance Units, and the restrictions on those units shall be removed as of the Measurement Date, regardless of the Company’s TSR percentile ranking within the Peer Group.