2020 Financial Performance Component Sample Clauses


2020 Financial Performance Component. Following the completion of the preparation of the Company’s annual financial statements for the fiscal year ended December 31, 2020, the Company will compare Revenue for the fiscal year ended December 31, 2020 (“2020 Revenue”) against the 2019 Revenue. To the extent the 2020 Revenue grows such that it exceeds the 2019 Revenue, the 2018 financial performance component will be equal to the Base Cash Amount set forth in the Grant Notice multiplied by the Revenue Multiplier associated with such Revenue Growth, and further multiplied by a weighting of 20%, rounding up to the nearest whole dollar (the “2020 Component”). If such Revenue Growth is zero (or negative), the 2020 Component shall be zero.For purposes hereof, the “Aggregate PCASH Payout” shall mean the sum of the 2018 Component, the 2019 Component and the 2020 Component; provided that, in no event shall the Aggregate PCASH Payout exceed 200% of the Base Cash Amount set forth in the Grant Notice.3.2Death or Disability. Notwithstanding any other provision of this Section 3 to the contrary, upon the Participant’s death or termination of Service due to Disability, the cash amount that shall be payable in settlement of this Award shall be the Base Cash Amount (as set forth in the Grant Notice), without regard to the Revenue Performance Multiplier.3.3Change in Control. Notwithstanding any other provision of this Section 3 to the contrary, upon any Change in Control, the amount of cash that shall be paid in settlement of this Award shall be the greater of (i) the Base Cash Amount (as set forth in the Grant Notice) without regard to the Revenue Performance Multiplier and (ii) the Aggregate PCASH Payout; provided, however, that in the event that one or more of the 2018 Component, the 2019 Component and the 2020 Component has not yet been determined because the associated Revenue Multiplier has not yet been calculated, the Aggregate PCASH Payout for purposes of this Section 3.3 shall be equal to the sum of all such components that have been determined plus, for any components that have not yet been determined, the amount of any such component calculated using a Revenue Multiplier of 100%. In the event of a Change in Control, this Award shall continue to vest subject to the terms and conditions of this Agreement, with respect to the amount of cash determined pursuant to this Section 3.3. If the Participant’s Service by the Company (or Company’s successor) is terminated without Cause (as defined in Section 4.1 ...