Common use of Between Target and Intermediate Clause in Contracts

Between Target and Intermediate. If, upon the conclusion of the Performance Period, TSR Relative to Peers equals or exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals the Target Performance Shares shall become earned based on performance during the Performance Period, as determined by mathematical interpolation between 100% of the targeted Performance Shares and 150% of the targeted Performance Shares.

Appears in 2 contracts

Samples: Restricted Shares Agreement (DPL Inc), Performance Shares Agreement (Dayton Power & Light Co)

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Between Target and Intermediate. If, upon the conclusion of the relevant Performance Period, TSR Relative to Peers equals or exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals the Target Performance Shares shall become earned based on performance during the Performance Period, as determined by mathematical interpolation between 100% of the targeted Performance Shares and 150% of the targeted Performance Shares.Goals:

Appears in 1 contract

Samples: Performance Shares Agreement (DPL Inc)

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Between Target and Intermediate. If, upon the conclusion of the relevant Performance Period, TSR Relative to Peers equals or exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals Goals, the Target Performance Shares shall become earned based on performance during the Performance Period, as determined by mathematical interpolation between 100% of the targeted Target Performance Shares and 150% of the targeted Target Performance SharesShares and rounded up to the nearest whole share.

Appears in 1 contract

Samples: Performance Shares Agreement (Dayton Power & Light Co)

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