Relative TSR Performance Vesting Percentage means the percentage determined as set forth on Exhibit A attached hereto, which is a function of the Peer Group Relative Performance during the Performance Period.
Relative TSR Performance Vesting Percentage means a function of the Peer Group Relative Performance during the Performance Period, and shall be determined as set forth below: Peer Group Relative Performance Relative TSR Performance Vesting Percentage < 25th Percentile 0 % “Threshold Level” 25th Percentile 14.29 % “Target Level” 50th Percentile 42.90 % “Maximum Level” ≥ 75th Percentile 100.00 % In the event that the Peer Group Relative Performance falls between the Threshold Level and the Target Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Threshold Level and Target Level Relative TSR Performance Vesting Percentages specified above; and in the event that the Peer Group Relative Performance falls between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Target Level and Maximum Level Relative TSR Performance Vesting Percentages specified above. Company Address 000 X. Xxxxxx Xxxxxx Xxxxx 0000 Xxxxxxx, Xxxxxxx 00000 Exhibit B FORM OF SECTION 83(b) ELECTION AND INSTRUCTIONS These instructions are provided to assist you if you choose to make an election under Section 83(b) of the Internal Revenue Code, as amended, with respect to the Class A Performance LTIP Units of XHR LP transferred to you. Please consult with your personal tax advisor as to whether an election of this nature will be in your best interests in light of your personal tax situation.
Relative TSR Performance Vesting Percentage means a function of the Index Relative Performance during the Performance Period, and shall be determined as set forth below: Index Relative Performance Relative TSR Performance Vesting Percentage* < 30th Percentile 0% “Threshold Level” 30th Percentile 50% “Target Level” 55th Percentile 100% “Maximum Level” ≥ 80th Percentile 200% In the event that the Index Relative Performance falls between the Threshold Level and the Target Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Threshold Level and Target Level Relative TSR Performance Vesting Percentages specified above; and in the event that the Index Relative Performance falls between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Target Level and Maximum Level Relative TSR Performance Vesting Percentages specified above. * Notwithstanding the foregoing, in the event that the Company TSR Percentage is negative over the Performance Period, the Relative TSR Performance Vesting Percentage shall be reduced by 25%. Company Address 000 Xxxxxxxx Xxxxxx Xxxxx 00xx Xxxxx Xxxxxx, Xxxxxxxxxx 00000
Examples of Relative TSR Performance Vesting Percentage in a sentence
In the event that the Company’s Relative TSR falls between the Threshold Level and the Target Level or between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the applicable levels.
Relative TSR PSUsThe number of PSUs that are earned and vest based on the achievement of Relative TSR attained by the Company during the TSR Performance Period (the “Relative TSR PSUs”) shall be determined by multiplying the number of Target Relative TSR PSUs by the Relative TSR Performance Vesting Percentage, as determined in accordance with the below table.
The term ”any information” is a broad one, implying that any statement that is made about a person is to be considered, as opposed to statements about objects and non-tangibles.
Award Level Index Relative Performance Relative TSR Performance Vesting Percentage* Maximum [ ] 100% Above Target [ ] 75% Target [ ] 50% Threshold [ ] 25% Less than Threshold [ ] 0% * The Relative TSR Performance Vesting Percentage will be determined based on straight line interpolation for relative performance between the Award Levels above Threshold set forth above.
The Earned LTIP Units shall be earned based upon the Index Relative Performance, determined as set forth in the table below, and shall be equal to: (i) the number of LTIP Units granted; multiplied by (ii) the Relative TSR Performance Vesting Percentage, where the Relative TSR Performance Vesting Percentage shall be determined based on the Company’s percentile ranking for the Performance Period in relation to the Index Companies.
More Definitions of Relative TSR Performance Vesting Percentage
Relative TSR Performance Vesting Percentage means a function of the Peer Group Relative Performance during the Performance Period, and shall be determined as set forth below: Peer Group Relative Performance Relative TSR Performance Vesting Percentage <25th Percentile 0 % “Threshold Level” 25th Percentile 50 % “Target Level” 55th Percentile 100 % “Maximum Level” >80th Percentile 200 % In the event that the Peer Group Relative Performance falls between the Threshold Level and the Target Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Threshold Level and Target Level Relative TSR Performance Vesting Percentages specified above; and in the event that the Peer Group Relative Performance falls between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Target Level and Maximum Level Relative TSR Performance Vesting Percentages specified above. Company Address 3000 Xxxxx Xxxxx Xxxxx Suite 150 Franklin, Tennessee 37067
Relative TSR Performance Vesting Percentage means a function of the Peer Group Relative Performance during the TSR Performance Period, and shall be determined as of any date as set forth below. Peer Group Relative Performance Relative TSR Performance Vesting Percentage < 35th Percentile 0% “Threshold Level” 35th Percentile 16.7% “Target Level” 55th Percentile 33.3% “High Level” 75th Percentile 66.7% “Maximum Level” ≥90th Percentile 100% In the event that the Peer Group Relative Performance falls between the Threshold Level and the Target Level, between the Target Level and the High Level, or between the High Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the applicable levels. In no event shall the Relative TSR Performance Vesting Percentage exceed 100%.
Relative TSR Performance Vesting Percentage is determined in accordance with the following table. Relative TSR Performance Relative TSR Performance Vesting Percentage “Threshold Level” 60% “Target Level” 80% “Maximum Level” 100% In the event that the Relative TSR Performance falls between the Threshold Level and the Target Level or between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the applicable levels.
Relative TSR Performance Vesting Percentage means the percentage determined as set forth on Exhibit A attached hereto, which is a function of the Index Relative Performance during the Performance Period.
Relative TSR Performance Vesting Percentage means a function of the Index Relative Performance during the Performance Period, and shall be determined as set forth below: In the event that the Index Relative Performance falls between the Threshold Level and the Target Level, the Relative TSR Performance Vesting Percentage shall be determined using straight-line linear interpolation between the Threshold Level and Target Level Relative TSR Performance Vesting Percentages specified above; and in the event that the Index Relative Performance falls between the Target Level and the Maximum Level, the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the Target Level and Maximum Level Relative TSR Performance Vesting Percentages specified above. * Notwithstanding the foregoing, in the event that the Company TSR Percentage is negative over the Performance Period, the Relative TSR Performance Vesting Percentage shall be reduced by 25%. Company Address 200 Spectrum Center Drive 21st FloorIrvine, California 92618 Attn: General Counsel Exhibit 10.2 PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (2022) This Restricted Stock Unit Agreement (this “Agreement”), dated as of , 2022 (the “Grant Date”), is made by and between Sunstone Hotel Investors, Inc., a Maryland corporation (the “Company”), and(the “Participant”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below). WHEREAS, the Company maintains the Sunstone Hotel Investors, Inc. 2004 Long-Term Incentive Plan (as amended from time to time, the “Plan”); WHEREAS, the Company wishes to carry out the Plan (the terms of which are hereby incorporated by reference and made a part of this Agreement); WHEREAS, Section 3.8 of the Plan provides for the issuance of restricted stock units (“RSUs”); and WHEREAS, the Committee has determined that it would be to the advantage and in the best interest of the Company to issue RSUs to the Participant as an inducement to enter into or remain in the service of the Company or any Related Entity, and as an additional incentive during such service, and has advised the Company thereof. NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:
Relative TSR Performance Vesting Percentage means a function of the Index Relative Performance during the Performance Period, and shall be determined as set forth below:
Relative TSR Performance Vesting Percentage means a function of the Peer Group Relative Performance during the Performance Period, and shall be determined as of any date as set forth below. Peer Group Relative Performance Relative TSR Performance VestingPercentage “Threshold Level” < 20th Percentile 0% 20th Percentile 5% 30th Percentile 35% 40th Percentile 65% 50th Percentile 95% “Target Level” 60th Percentile 100% 70th Percentile 133.3% 80th Percentile 166.7% “Maximum Level” ≥ 90th Percentile 200% In the event that the Peer Group Relative Performance falls between any two Peer Group Relative Performance goals in the table above, then the Relative TSR Performance Vesting Percentage shall be determined using straight line linear interpolation between the applicable levels. In no event shall the Relative TSR Performance Vesting Percentage exceed 200%. Notwithstanding the foregoing, in no event shall the Relative TSR Performance Vesting Percentage exceed 100% if the Company TSR Percentage is negative.