Common use of Adjusted EBITDA Clause in Contracts

Adjusted EBITDA. The total number of RSUs which become vested based on the achievement of Adjusted EBITDA performance levels shall be equal to (x) the target number of RSUs multiplied by (y) a relative weighting component equal to seventy percent (70%), multiplied by (z) the Achievement Percentage determined based upon the applicable Adjusted EBITDA Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Adjusted EBITDA Position Percentage of Award Earned Below Threshold Less than $[●]M 0 % Threshold $[●]M 50 % Target $[●]M 100 % Maximum $[●]M 200 % • Contract Sales. The total number of RSUs which become vested based on the achievement of Contract Sales performance levels shall be equal to (x) the target number of RSUs specified above with respect to Contract Sales multiplied by (y) a relative weighting component equal to thirty percent (30%), multiplied by (z) the Achievement Percentage determined based upon the applicable Contract Sales Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Contract Sales Position Percentage of Award Earned Below Threshold Less than $[●]M 0 % Threshold $[●]M 50 % Target $[●]M 100 % Maximum $[●]M 200 % • Continued Employment or Service. In addition to the attainment of the Performance Conditions, the Participant must be an employee of or in service to the Company or the Company Group from the Date of Grant until the last day of the Performance Period, except to the extent otherwise provided in the Plan or the Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.), Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

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Adjusted EBITDA. The total number of RSUs which become vested based on the achievement of Adjusted EBITDA performance levels shall be equal to (x) the target number of RSUs specified above with respect to Adjusted EBITDA multiplied by (y) a relative weighting component equal to seventy percent (70%), multiplied by (z) the Achievement Percentage determined based upon the applicable Adjusted EBITDA Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Adjusted EBITDA Position Percentage of Award Earned Below Threshold Less than $[●]M 0 % Threshold $[●]M 50 % Target $[●]M 100 % Maximum $[●]M 200 % • Contract Sales. The total number of RSUs which become vested based on the achievement of Contract Sales performance levels shall be equal to (x) the target number of RSUs specified above with respect to Contract Sales multiplied by (y) a relative weighting component equal to thirty percent (30%), multiplied by (z) the Achievement Percentage determined based upon the applicable Contract Sales Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Contract Sales Position Percentage of Award Earned Below Threshold Less than $[●]M 0 % Threshold $[●]M 50 % Target $[●]M 100 % Maximum $[●]M 200 % • Continued Employment or Service. In addition to the attainment of the Performance Conditions, the Participant must be an employee of or in service to the Company or the Company Group from the Date of Grant until the last day of the Performance Period, except to the extent otherwise provided in the Plan or the Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

Adjusted EBITDA. The total number of RSUs which become vested based on the achievement of Adjusted EBITDA performance levels shall be equal to (x) the target number of RSUs multiplied by (y) a relative weighting component equal to seventy thirty-three percent (7033%), multiplied by (z) the Achievement Percentage determined based upon the applicable Adjusted EBITDA Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Adjusted EBITDA Position Percentage of Award Earned Below Threshold Less than $[●]901 M 0 % Threshold $[●]901 M 50 % Target $[●]1,060 M 100 % Maximum $[●]1,219 M 200 % Form for Employees (Other than Xxxx Xxxx) Contract SalesRun Rate Cost Savings. The total number of RSUs which become vested based on the achievement of Contract Sales Run Rate Cost Savings performance levels shall be equal to (x) the target number of RSUs specified above with respect to Contract Sales Run Rate Cost Savings multiplied by (y) a relative weighting component equal to thirty sixty-seven percent (3067%), multiplied by (z) the Achievement Percentage determined based upon the applicable Contract Sales Run Rate Cost Savings Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Contract Sales Run Rate Cost Savings Position Percentage of Award Earned Below Threshold Less than $[●]106 M 0 % Threshold $[●]106 M 50 % Target $[●]125 M 100 % Maximum $[●]144 M 200 % • Continued Employment or Service. In addition to the attainment of the Performance Conditions, the Participant must be an employee of or in service to the Company or the Company Group from the Date of Grant until the last day of the Performance Period, except to the extent otherwise provided in the Plan or the Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

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Adjusted EBITDA. The total number of RSUs which become vested based on the achievement of Adjusted EBITDA performance levels shall be equal to (x) the target number of RSUs multiplied by (y) a relative weighting component equal to seventy percent (70%), multiplied by (z) the Achievement Percentage determined based upon the applicable Adjusted EBITDA Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Adjusted EBITDA Position Percentage of Award Earned Below Threshold Less than $[●]M 0 0% Threshold $[●]M 50 50% Target $[●]M 100 100% Maximum $[●]M 200 200% • Contract Sales. The total number of RSUs which become vested based on the achievement of Contract Sales performance levels shall be equal to (x) the target number of RSUs specified above with respect to Contract Sales multiplied by (y) a relative weighting component equal to thirty percent (30%), multiplied by (z) the Achievement Percentage determined based upon the applicable Contract Sales Position for the Performance Period as follows, and rounded down to the nearest whole Share: Level of Achievement Contract Sales Position Percentage of Award Earned Below Threshold Less than $[●]M 0 0% Threshold $[●]M 50 50% Target $[●]M 100 100% Maximum $[●]M 200 % • Continued Employment or Service. In addition to the attainment of the Performance Conditions, the Participant must be an employee of or in service to the Company or the Company Group from the Date of Grant until the last day of the Performance Period, except to the extent otherwise provided in the Plan or the Agreement.200%

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

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