Number of Performance Share Units. Subject to the adjustment under Section 4.4, the total number of Performance Share Units reserved and available for distribution pursuant to Awards under the Plan shall be equal to ten percent (10%) of the total Membership Units of the Company of 9.5 million (9,500,000) , subject to Section 4.4.
Number of Performance Share Units. (the “Target PSUs”) Performance Period: October 1, 20__ – September 30, 20__ (“Performance Period”)
Number of Performance Share Units. (the “Initial Performance Units”). The number of shares of Stock that may be deliverable in respect of this Award may range from 0% to 200% of the number of Initial Performance Units.
Number of Performance Share Units. [ ] The actual number of Performance Share Units that may vest and be redeemed shall be determined according to the level of achievement of the performance targets (“Performance Targets”) established by the Committee (as defined in the Plan) on March 31, 2016 and set forth in Appendix A hereto. Nature of Units: Each Unit represents the right to receive one share of RAIT’s Common Shares (the ”Common Shares”) or the cash equivalent based on Fair Market Value (as defined in the Plan) on the date of vesting, pursuant to the terms of this Agreement, and consistent with the provisions of the Plan, including any adjustment hereunder or thereunder, as applicable. The Committee shall determine in its sole discretion at any time and from time to time through the date of vesting of the Unit whether any or all vested Units shall be redeemed with Common Shares or cash or any combination thereof.
Number of Performance Share Units. Subject to Award (the “Target Award”) , subject to adjustment pursuant to Section 10 hereof Performance Period January 1, 2009 through December 31, 2010 Performance Goal (1) Cumulative revenue and (2) Cumulative EBITDA (both of which are determined as set forth on Annex A hereto) Vesting Subject to your continued service as an employee, Consultant or Director with the Company or any of its Affiliates, and further subject to Section 4 below, the Award shall vest on January 1, 2012 (the “Vesting Date”) based on, and subject to, the achievement of the Performance Goal measured through the last day of the Performance Period. The number of shares of Common Stock earned as of the Vesting Date with respect to the level of the Performance Goal attained is indicated on Annex A.
Number of Performance Share Units. [TARGET_SHARES] (which number is the “Target Award”) Vesting of Performance Share Units: [VESTING SCHEDULE and/or PERFORMANCE VESTING CONDITIONS.]* * Except as otherwise provided in Terms and Conditions of this Agreement, Employee will not vest in the Performance Share Units unless he or she is employed by the Company or one of its Affiliates through the applicable vesting date.
Number of Performance Share Units. Awarded (assuming target is achieved): .
Number of Performance Share Units. The actual number of Performance Share Units that may vest and be redeemed shall be determined according to the level of achievement of the performance targets (“Performance Targets”) established by the Committee (as defined in the Plan) and set forth in Appendix A hereto. Nature of Units: Each Unit represents the right to receive one share of Independence Realty Trust, Inc. (“IRT”) common stock or the cash equivalent based on Fair Market Value (as defined in the Plan) on the date of vesting, pursuant to the terms of this Agreement, and consistent with the provisions of the Plan, including any adjustment hereunder or thereunder, as applicable. The Committee shall determine in its sole discretion at any time and from time to time through the date of vesting of the Unit whether any or all vested Units shall be redeemed with Shares or cash or any combination thereof.
Number of Performance Share Units. Threshold Award Number Target Award Number Maximum Award Number _____ _____ _____ Performance Period Fiscal Year 2015 through Fiscal Year 2016 Performance Goals for the Performance Period Performance Goal Threshold Target Maximum Fiscal Year 2016 Operating Margin % to Sales (weighted as 70%) ___% ___% ___% Two-Year Compounded Net Sales Annual Growth Rate (weighted as 30%) ___% ___% ___% · The number of Units earned by Employee for performance between the threshold, target and maximum performance levels will be linearly interpolated. · The achievement of each of the performance goals shall be considered by the Committee independent of the other performance goal. · Operating Margin % is Operating Income (defined as income before interest and taxes as reported in the Company’s financial statements, but excluding the impact (whether positive or negative) thereon of any change in accounting standards, impairment charges or extraordinary items) divided by Net Sales (as reported in the Company’s financial statements). · Two-Year Compounded Net Sales Annual Growth Rate shall be measured as follows (using net sales as reported in the Company’s financial statements): Fiscal 2015 Net Sales Fiscal 2016 Net Sales _________________ -1 + _________________ -1 ÷ 2 = ___% Fiscal 2014 Net Sales Fiscal 2015 Net Sales
Number of Performance Share Units. If the Company’s Relative Total Stockholder Return performance falls between designated levels of performance set forth in the above table, the percentage by which the Participant’s Target Number of Performance Share Units is multiplied will be calculated by linear interpolation. Relative Total Stockholder Return shall mean the percentile ranking of the Company's Total Stockholder Return (as defined below) measured relative to each company in the Comparator Group's Comparator Total Stockholder Return (as defined below) during the period from March 1, 20__ through February 2_, 20__ (the “Valuation Period”). The Comparator Group shall consist of those companies that are included in the S&P 500 Index during both the last ten (10) trading days of the Company’s 20__ fiscal year (ending February 2_, 20__) and the last ten (10) trading days of the Company’s 20__ fiscal year (ending February 2_, 20__) and only relates to the class of stock included in that index. The percentile ranking of the Company’s Relative Total Stockholder Return shall be that fraction which is calculated by dividing the number of companies in the Comparator Group whose Comparator Total Stockholder Return performance is exceeded by the Company (based on the Total Stockholder Return) by the total number of companies in the Comparator Group. Except as noted in this Schedule A, no adjustments for Extraordinary Items shall be made when calculating Relative Total Stockholder Return. Total Stockholder Return shall mean the percentage rate of growth during the Valuation Period of an investment of $1,000 in shares of Class A Common Stock on the first day of the Valuation Period, assuming reinvestment of all dividends paid during the Valuation Period and adjusted in an equitable manner for any material stock splits, reverse stock splits or similar transactions. Comparator Total Stockholder Return for an applicable company in the Comparator Group shall mean the percentage rate of growth during the Valuation Period of an investment of $1,000 in shares of the 15 common stock of the applicable company in the Comparator Group on the first day of the Valuation Period, assuming reinvestment of all dividends paid during the Valuation Period and adjusted in an equitable manner for any material stock splits, reverse stock splits or similar transactions. Total Stockholder Return for the Company or any applicable company in the Comparator Group shall be measured based on the average Fair Market Value of the appl...
