Target Units definition

Target Units means one hundred percent (100%) of the total number of PSUs granted on the Grant Date, as specified in Section 1 of the Award Agreement.

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Target Units means the number of Performance Units with respect to the number of Shares reflected in this Agreement that you could receive if the Performance Target level is achieved for the Performance Period. The number of Target Units is set forth on the cover page of this Award Agreement.

Target Units means the target number of Units eligible for vesting as shown on page 1.

Examples of Target Units in a sentence

• During the Performance Period, you shall be credited with additional Performance Units (based on the Target Units) with respect to the number of Shares having a Fair Market Value as of the applicable dividend payment date equal to the value of any dividends or other distributions that would have been distributed to you if each of the Shares represented by a Performance Unit instead was an issued and outstanding Share owned by you (“Dividend Equivalents”).

• After the expiration of the Performance Period, the Target Units and the relevant accrued number of Dividend Equivalents shall be collectively adjusted based on the Percentage Earned and rounded to six decimal places.

• For example, if the number of Earned Performance Units (expressed as a percentage of Target Units) has been determined to be 100%, and your Service terminates Without Cause on June 30, 2028, you would be entitled to receive on or after the Vesting Date 60% of the Target Units (or at the discretion of the Committee the cash value thereof) in settlement of your Earned Performance Units.

More Definitions of Target Units

Target Units has the meaning ascribed to it in the recitals.

Target Units means the pro-rata portion of the Target Units as determined pursuant to the immediately preceding sentence. Number of Objective Criteria Target Units Earned: [ ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Threshold Performance Goal for the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. [ ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Target Performance Goal for the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. [ ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Maximum Performance Goal for the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. One Share of the Company’s stock will be issued for each Objective Criteria Target Unit earned and vested in accordance with this Agreement and Schedule A. Number of Qualitative Criteria Target Units Earned: Up to [ ]% of the Qualitative Criteria Target Units shall be eligible to be earned based on the attainment of the Qualitative Criteria Performance Goal for the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. One Share of the Company’s stock will be issued for each Qualitative Criteria Target Unit earned and vested in accordance with this Agreement and Schedule B. Printed Name: [ ] Target Units: [ ], of which [ ] are Objective Criteria Target Units and [ ] are Qualitative Criteria Target Units. By: Name: [ ] Its: [ ] Schedule A sets forth the objective performance targets (the “Objective Criteria Targets”) for the objective criteria performance-based and service-based Restricted Stock Unit Award (the “Objective Criteria Award”) under the Regional Management Corp. 2015 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), evidenced by the Performance-Contingent Restricted Stock Unit Award Agreement (the “Agreement”) to which it is attached. Capitalized terms not expressly defined in this Schedule A but defined in the Plan or the Agreement shall have the same definitions as in the Plan and/or the Agreement, as applicable.

Target Units means the target number of PSUs subject to the Award as specified in the Notice of Grant, which corresponds to attainment of the Performance Goal at the Median Company level.

Target Units means the number of Performance Units with respect to the number of Shares reflected in this Agreement that you could receive if each of the applicable Performance Target levels is achieved for the Performance Period. The number of Target Units is set forth on the cover page of this Award Agreement.

Target Units means the issued and outstanding units in Target; zz) “Target Warrantholders” means the holders of Target Warrants;

Target Units shall have the meaning set forth in the preamble.

Target Units means the aggregate number of Units awarded to a Participant under the Plan, as described in Section 5.2 of the Plan.