Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.
Vesting Percentage has the meaning specified in Section 3(a).
Vesting Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 3 or Paragraph 8, as applicable, which shall be used to determine the value of each Performance Unit.
Examples of Vesting Percentage in a sentence
In no event will the Performance Vesting Percentage exceed 100% regardless of the Performance Price and in no event shall the PSUs be vested with respect to any Performance Price on more than one occasion.
Upon a Change in Control (as defined in the Plan) or in the event that you experience a Qualifying Termination, in either case within the Performance Period, the PSUs shall vest based on a Performance Vesting Percentage that assumes that the Performance Price is equal to the per Share consideration received by holders of Shares in the Change in Control (as determined by the Committee), which shall be the “target” level of performance as described in the Plan and the CIC Severance Plan.
More Definitions of Vesting Percentage
Vesting Percentage is the percentage of the accrual balance in which the Executive is vested as determined in accordance with Schedule A.
Vesting Percentage has the meaning specified in Section 5.
Vesting Percentage means a cumulative ten percent (10%) for each Year of Service until a maximum of one hundred percent (100%) after ten (10) Years of Service.
Vesting Percentage means that percentage listed on Schedule A, which is attached hereto, which corresponds with the age of the Executive, at any given time. However, advances and or changes in the vesting schedule with respect to a change in the age of the Executive shall be made only on December 31 of each calendar year during which Executive attained the stated age.
Vesting Percentage means the percentage determined under the following vesting schedule based on the Executive’s Years of Vesting Service: Years of Vesting Service Vesting Percentage Less than 6 0 % 6 20 % 7 40 % 8 60 % 9 80 % 10 or more 100 %
Vesting Percentage is a function of the Company’s Relative TSR Percentile Rank during the Measurement Period and shall be determined as set forth below: Relative TSR Percentile Rank Vesting Percentage ≥85th 260% 75th 200% 50th 100% 25th 50% To determine the Relative TSR Percentile Rank during the Measurement Period, the Committee will rank the TSR of the companies in the Peer Group including the Company from highest to lowest, with the highest being ranked number 1, and apply the following formula, where N is the total number of companies in the Peer Group including the Company and R is the ranking of the Company’s TSR within the Peer Group: The result will be rounded to the nearest whole percentile, rounding up for any value of .50 or higher. In the event that the Relative TSR Percentile Rank is less than the 25th percentile, the Vesting Percentage shall be equal to 0%. In the event that the Relative TSR Percentile Rank during the Measurement Period falls between two Relative TSR Percentile Ranks set forth above, the Vesting Percentage shall be determined using straight line linear interpolation between the levels specified above. Notwithstanding the Relative TSR Percentile Rank, in the event the Company’s TSR for the Measurement Period is a negative number, the Vesting Percentage shall not exceed 100%.