Common use of Below Threshold Clause in Contracts

Below Threshold. If, upon the conclusion of a Nested Period, RTSR for the Nested Period falls below the threshold level, as set forth in the Performance Matrix, the Payout Percentage will be zero for such Nested Period.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.)

Below Threshold. If, upon the conclusion of a Nested Period, RTSR for the Nested Period falls below the threshold level, as set forth in the Performance MatrixMatrices, the Payout Percentage will be zero for such Nested Period.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)