Examples of Measurement Periods in a sentence
The following schedule sets forth the Measurement Date(s) and associated Measurement Periods for each tranche.
The Participant’s interest in the Stock Award shall vest and become transferable in three equal installments by applying Exhibit I to one-third of the shares of the Stock Award (the “Target Shares”), for each of the First, Second and Third Measurement Periods as described below.
Unless otherwise provided in the applicable Award Agreement, a Participant’s share of the LTI Pool (the “LTIP Share”), as of any Determination Date, shall be a fraction (x) the numerator of which shall be such Participant’s LTIP Credits accrued during all Measurement Periods through such Determination Date and (y) the denominator of which shall be the total number of LTIP Credits assigned to all Participants (excluding Terminated Participants) during all Measurement Periods through such Determination Date.
For the avoidance of doubt, since the Plan contemplates overlapping Performance Measurement Periods, there may be up to three different Change In Control Performance Measurement Periods.
The four Measurement Periods are equally weighted in determining the Achieved Performance for a particular PSU grant.