Average ROIC Clause Samples
Average ROIC. Up to <XX>% of the Performance Share Target Award may be earned upon achievement of the Average ROIC target for the Performance Period, in accordance with the following schedule. The Committee will certify Average ROIC and vest any earned Performance Shares as soon as administratively practical, but not later than the 90th day following the end of the Performance Period. Below Threshold: Below % 0% Threshold: % % Target: % % Maximum: % or above % The percentage of the Performance Share Target Award earned between Threshold and Target and Target and Maximum is based on interpolation, as set forth on Schedule A.
Average ROIC. Up to <XX>% of the Performance Share Target Award may be earned upon achievement of the Average ROIC target for the Performance Period. Each year’s actual target value will be set following the conclusion of the prior year by applying the pre-approved target growth rates, shown below, to actual results and calculating the next year’s target. Each year’s performance against target will be calculated and actual performance for each of the three years will be averaged for use in calculating the payout percentage. Prior Year Actual Fiscal Year 1 Fiscal Year 2 Fiscal Year 3 Average Operating Profit Threshold (<XX>% of Target) Target Maximum (<XX>% of Target) Payout as a % of Target <XX>% <XX>% <XX>% The percentage of the Performance Share Target Award earned between Threshold and Target and Target and Maximum is based on interpolation. The Committee will certify Average ROIC and vest any earned Performance Shares as soon as administratively practical, but not later than the 90th day following the end of the Performance Period.
Average ROIC. Up to <XX>% of the Performance Share Target Award may be earned upon achievement of the Average ROIC target for the Performance Period, in accordance with the following schedule. The Committee will certify Average ROIC and vest any earned Performance Shares as soon as administratively practical, but not later than the 90th day following the end of the Performance Period. Average ROIC Percentage of Target Award Performance Shares Earned Below Threshold: Below % 0% Threshold: % % Target: % % Maximum: % or above % The percentage of the Performance Share Target Award earned between Threshold and Target and Target and Maximum is based on interpolation, an example of which is set forth on Schedule A.
