Print Page  |  Close Window

SEC Filings

10-Q
CHIPOTLE MEXICAN GRILL INC filed this Form 10-Q on 07/26/2017
Entire Document
 << Previous Page | Next Page >>

 

Appendix A to 2017 Performance Share Agreement



Name of Participant: 

Summary The Incentive Award under this Agreement consists of the following two components:

Stock Price Component refers the portion of the Incentive Award that is based on the Company’s Stock Price (as defined below) during the Performance Period.

CRS Component refers to the portion of the Incentive Award that is based on growth in Comparable Restaurant Sales (as defined below) during the Performance Period.  

Two-thirds (2/3rd) of the Target Number of Performance Shares (as defined in the Performance Share Award Agreement) is allocated to the Stock Price Component.  One-third (1/3rd)  of the Target Number of Performance Shares is allocated to the CRS Component.  Each of these components and the performance goals for threshold, target and maximum performance is described further below.  The features common to both components are described after that under the heading Provisions Applicable to all Performance Shares.”

Stock Price Component

The number of shares earned under the Stock Price Component is equal to 2/3rd of the Target Number of Performance Shares multiplied by the Payout Percentage determined under the Performance Goal Table set forth below based on the Company’s Stock Price:

Performance Goal Table
for the Stock Price Component



Stock Price
(per share)

Payout Percentage

Threshold

$600

50%

Target

$650

100%

Target Plus

$750

200%

Maximum

$900

350%



For avoidance of doubt, no Performance Shares will be earned under the Stock Price Component Performance Goal Table set forth above if the Stock Price during the Performance Period is less than $600, and no more than 350% of the Target Number of Performance allocable to the Stock

DM_US 79931952-2.082000.0011 


 

 << Previous Page | Next Page >>