Target PSUs definition
Target PSUs means the target number of PSUs subject to the Award as specified in the Grant Notice. • “TSR” shall be determined with respect to the Company and any other Comparison Group member by dividing: (a) the sum of (i) the difference obtained by subtracting the applicable Beginning Price from the applicable Ending Price plus (ii) all dividends and other distributions on the respective shares with an ex-dividend date that falls during the Performance Period by (b) the applicable Beginning Price. Any non-cash distributions shall be valued at fair market value. For the purpose of determining TSR, the value of dividends and other distributions shall be determined by treating them as reinvested in additional shares of stock at the closing market price on the date of distribution.
Target PSUs means the target number of PSUs subject to the Award as specified in the Grant Notice. • “TSR” shall be determined with respect to the Company and any other Comparison Group member by dividing: (a) the sum of (i) the difference obtained by subtracting the applicable Beginning Price from the applicable Ending Price plus (ii) all dividends and other distributions on the respective shares with an ex-dividend date that falls during the TSR Performance Period by (b) the applicable Beginning Price. Any non-cash distributions shall be valued at fair market value. For the purpose of determining TSR, the value of dividends and other distributions shall be determined by treating them as reinvested in additional shares of stock at the closing market price on the date of distribution. • “TSR Percentile Rank” means the percentile ranking of the Company’s TSR among the TSRs for the Comparison Group members for the TSR Performance Period. TSR Percentile Rank is determined by ordering the Comparison Group members (plus the Company if the Company is not one of the Comparison Group members) from highest to lowest based on TSR for the relevant TSR Performance Period and counting down from the company with the highest TSR (ranked first) to the Company’s position on the list. If two companies are ranked equally, the ranking of the next company shall account for the tie, so that if one company is ranked first, and two companies are tied for second, the next company is ranked fourth. In determining the Company’s TSR Percentile Rank for the TSR Performance Period, in the event that the Company’s TSR for the TSR Performance Period is equal to the TSR(s) of one or more other Comparison Group members for that same period, the Company’s TSR Percentile Rank ranking will be determined by ranking the Company’s TSR for that period as being greater than such other Comparison Group members. After this ranking, the TSR Percentile Rank will be calculated using the following formula, rounded to the nearest whole percentile by application of regular rounding: TSR Percentile Rank = (N - R) * 100 N “N” represents the number of Comparison Group members for the relevant TSR Performance Period (plus the Company if the Company is not one of the Comparison Group members for that TSR Performance Period). “R” represents the Company’s ranking among the Comparison Group members (plus the Company if the Company is not one of the Comparison Group members for the relevant TSR Performance Period). • “TSR Per...
Target PSUs has the meaning set forth in paragraph 2 of this Vesting Schedule.
Examples of Target PSUs in a sentence
The Company hereby awards you [# of PSUs] PSUs under the terms and conditions of this Agreement, which amount represents the target award (the "Target PSUs").
The level of achievement of the applicable Performance Goals and the resulting number of Target PSUs earned for the Performance Cycle will be determined in the year following the end of the Performance Cycle upon the Company's public release of earnings setting forth the results of such Performance Goal(s) as of the last day of the Performance Cycle.
The Target PSUs are eligible to vest and be converted into shares of Common Stock as of the last day of the Performance Cycle based on the level of achievement of the applicable Performance Goal(s).
Between 0% and 200% of the Target PSUs may be earned, with the actual number of PSUs earned depending on the Company’s level of achievement and certification of the applicable performance goals specified on Appendix A to this Agreement (the “Performance Goals”) during the period beginning [DATE] and ending [DATE] (the “Performance Cycle”).
More Definitions of Target PSUs
Target PSUs. [●] (the “PSUs”). The number of PSUs that will actually vest will be determined based on achievement of the Performance Metrics below.
Target PSUs means the target number of PSUs subject to the Award as specified in the Grant Notice. • “TSR” shall be determined with respect to the Company and any other Comparison Group member by dividing: (a) the sum of (i) the difference obtained by subtracting the applicable Beginning Price from the applicable Ending Price plus (ii) all dividends and other distributions on the respective shares with an ex-dividend date that falls during the TSR Performance Period by (b) the applicable Beginning Price. Any non-cash distributions shall be valued at fair market value. For the purpose of determining TSR, the value of dividends and other distributions shall be determined by treating them as reinvested in additional shares of stock at the closing market price on the date of distribution. • “TSR Percentile Rank” means the percentile ranking of the Company’s TSR among the TSRs for the Comparison Group members for the TSR Performance Period. TSR Percentile Rank is determined by ordering the Comparison Group members (plus the Company if the Company is not one of the Comparison Group members) from highest to lowest based on TSR for the relevant TSR Performance Period and counting down from the company with the highest TSR (ranked first) to the Company’s position on the list. If two companies are ranked equally, the ranking of the next company shall account for the tie, so that if one company is ranked first, and two companies are tied for second, the next company is ranked fourth. ln determining the Company’s TSR Percentile Rank for the TSR Performance Period, in the event that the Company’s TSR for
Target PSUs means the target number of PSUs set forth in the Grant Notice.
Target PSUs. [___________] PSUs, of which: • [___________] PSUs, the earning of which will be subject to adjusted earnings per share (EPS) growth performance (the “EPS PSUs”) • [___________] PSUs, the earning of which will be subject to total stockholder return (TSR) performance relative to the companies comprising the S&P 400 Value Index (the “TSR PSUs”) Each PSU represents the right to receive one share of Common Stock upon vesting. Depending on the level of performance attained, the number of shares of Common Stock that may be earned may range from (i) 0% to 200% of the target EPS PSUs, and (ii) 0% to 2000% of the target TSR PSUs.
Target PSUs is defined in Section 2 below.
Target PSUs means the target number of PSUs subject to the Award as specified in the Grant Notice.
Target PSUs. [___________] PSUs, of which: • [___________] PSUs, the earning of which will be subject to adjusted earnings per share (EPS) growth performance (the “EPS PSUs”) • [___________] PSUs, the earning of which will be subject to total stockholder return (TSR) performance relative to the companies comprising the S&P 400 Value Index (the “TSR PSUs”) Each PSU represents the right to receive one share of Common Stock upon vesting.