Stock Price Return definition
Stock Price Return shall equal the quotient obtained by dividing (i) the positive or negative difference between (a) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date minus (b) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Grant Date; by (ii) the average of the Closing Prices on all trading days occurring during the 90 calendar day period prior to the Vesting Date.
Examples of Stock Price Return in a sentence
The Absolute Stock Price Adjustment shall be rounded to the second decimal and shall be applied in accordance with a performance scale established by the Committee and communicated to the Participant, subject to the following limitations: (i) under no circumstances shall the Absolute Stock Price Adjustment exceed 1.5; and (ii) if the Stock Price Return declines by 10% or more, the Absolute Stock Price Adjustment shall equal zero (0).