TSR definition
Examples of TSR in a sentence
For the avoidance of doubt, no dividend equivalents shall be credited to PRSUs prior to the Committee determining the Total Shareholder Return and Relative TSR (and thus the actual number of PRSUs subject to vesting).
The Committee shall determine the Total Shareholder Return and Relative TSR, if any, within 60 days after the end of the Performance Period.
The "Payout Percentage" of the Target Award number of Shares will be determined based on the Company's total stockholder return ("TSR") relative to that of the Peer Group (as defined below) (the "Percentile Rank") for the Performance Period.
Notwithstanding the forgoing, in the event that the total shareholder return (the “TSR”) at the end of the Performance Period is negative, then the total payout for the Performance Period may not exceed 34,188 Shares (the “TSR Floor”); provided that such TSR Floor shall be inapplicable in the case of death as set forth in Section 5(a), Disability as set forth in Section 5(b) and from and after a Change in Control that occurs prior to December 31, 2029.
Except as otherwise provided in Section 5 and subject to the Maximum Dollar Value limitation and TSR Floor, the Participant shall vest in the earned PSUs subject to this Agreement, one-half on each of December 31, 2029 and December 31, 2030 (each a “Vesting Date”), subject to the Participant’s continued employment on the Vesting Date.