Calculation of Performance. For the Performance Factor: TSR will be calculated for each member of the Peer Group. The Company’s TSR percentile rank in the Peer Group will be utilized to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: Average Percentile Rank vs. Peer Group % of Shares Earned Performance Level < 25% 0% 25% 25% Threshold 26% 26% 27% 27% 28% 28% 29% 29% 30% 30% 31% 32% 32% 34% 33% 36% 34% 38% 35% 40% 36% 43% 37% 46% 38% 49% 39% 52% 40% 55% 41% 59% 42% 63% 43% 67% 44% 71% 45% 75% 46% 80% 47% 85% 48% 90% 49% 95% 50% 100% Target 51% 102.8% 52% 105.6% 53% 108.3% 54% 111.1% 55% 113.9% 56% 116.7% 57% 118.9% 58% 121.1% 7 59% 123.3% 60% 125.6% 61% 127.8% 62% 130.0% 63% 131.7% 64% 133.3% 65% 135.0% 66% 136.7% 67% 138.3% 68% 140.0% 69% 141.1% 70% 142.2% 71% 143.3% 72% 144.4% 73% 145.6% 74% 146.7% 75% 147.2% 76% 147.8% 77% 148.3% 78% 148.9% 79% 149.4% 80% and above 150.0% Maximum
Calculation of Performance. The Fund’s performance will be the cumulative percentage increase (or decrease) in its net asset value per share over the Performance Period and will be calculated as the sum of: (1) the change in the Fund’s net asset value per share during such period and (2) the value per share of the Fund distributions from income or capital gains (long- or short-term) having an ex-dividend date occurring within the Performance Period and assumed to have been reinvested at the net asset value on ex-date. Thus, the Fund’s performance will be calculated in accordance with the SEC’s standardized total return formula. Performance Adjustment The Performance Adjustment to be paid to the Adviser will be accrued during the last quarter of the Performance Period and paid shortly after the last day of the Performance Period. To determine the Performance Adjustment, the Performance Adjustment Rate shall be multiplied by the value of the Fund's average daily net assets in the Performance Period. Expenses in excess of any maximum expense limitation assumed by the Adviser or Distributor, if any, shall not be included for the purpose of computing the daily net asset value of a Fund share. The Base Fee will be accrued daily, as explained above, and will be paid monthly to the Adviser during the quarter. However, in a period where a negative Performance Adjustment is applied, the Base Fee paid the Adviser shall be the Base Fee adjusted for the negative Performance Adjustment. with the example above, the Advisory Fee applied to the period of time from October 1, 2008, through December 31, 2008, would be a Base Advisory Fee equal to an annualized rate of 0.50% (the Base Advisory Fee Rate) times the value of the Fund’s average daily net assets in the calendar quarter plus a Performance Adjustment Fee equal to an annualized rate of 0.02% (the Performance Adjustment Rate) times the value of the Fund’s average daily net assets in the Performance Period. Fund Expenses & Limitations Fund expenses for the Class N shares shall in no case exceed the maximum operating expense limitation of 0.84% of the value of its average net assets. Fund expenses for the Class R shares shall in no case exceed the maximum operating expense limitation of 1.09% of the value of its average net assets. The Adviser will reimburse expenses, if necessary, to ensure expense ratios do not exceed the maximum operating expense limitations for the fiscal year. New classes of shares of the Fund may carry a different operating ...
Calculation of Performance. For the Performance Factor, the performance for the Company and the Peer Group members will be determined and then the percentile raking of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank will be used to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: Average Percentile Rank vs. Peer % of Shares Group Earned Performance Level < 25% 0% 25% 25% Threshold 35% 50% 45% 75% 50% 100% Target 55% 125% 65% 150% 75% 175% 90% & Up 200% Maximum The percentile rank will be reduced to the next lowest level if the final percentile rank does not equal one of the levels listed in the above schedule. For example, if the Company’s Percentile Rank is 48%, 0.75% of one Share will be issued with respect to each Performance Share.
Calculation of Performance. For the Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company’s Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: PERFORMANCE BASED RESTRICTED STOCK UNITS Performance Period - 2016 to 2018 Performance Range Schedule BaseLine = > $ 1.00 Performance Weight = > 100 % Performance Range EPS - Fully Diluted (3yr CAGR) Percentage of Target Percent of Incentive Earned MAXIMUM 8.00 % 133.3 % 150 % 7.80 % 130.0 % 145 % 7.60 % 126.7 % 140 % 7.40 % 123.3 % 135 % 7.20 % 120.0 % 130 % 7.00 % 116.7 % 125 % 6.80 % 113.3 % 120 % 6.60 % 110.0 % 115 % 6.40 % 106.7 % 110 % 6.20 % 103.3 % 105 % TARGET 6.00 % 100.0 % 100 % 5.87 % 97.8 % 95 % 5.73 % 95.6 % 90 % 5.60 % 93.3 % 85 % 5.47 % 91.1 % 80 % 5.33 % 88.9 % 75 % 5.20 % 86.7 % 70 % 5.07 % 84.4 % 65 % 4.93 % 82.2 % 60 % 4.80 % 80.0 % 55 % 4.67 % 77.8 % 50 % 4.53 % 75.6 % 45 % 4.40 % 73.3 % 40 % 4.27 % 71.1 % 35 % 4.13 % 68.9 % 30 % MINIMUM 4.00 % 66.7 % 25 % The percentage of incentive earned is derived from the respective linear equation (below) based upon EPS performance whereby X represents the final EPS Fully Diluted (3 yr CAGR) and final percentage of incentive is rounded to a tenth of a percentage point. Final EPS Results Incentive Calculation EPS <= 6% 37.509X - 1.2506 EPS >= 6% 25X - .5 Example: EPS Fully Diluted Calculation % of Incentive Earned 6.15% 25 X 6.15% - .5 104.00% Participants in this example would earn 104% of the award. Thus, a participant with a grant of 2,000 RSU in this example would receive 104% of 2,000 or 2,080 RSUs plus accumulated dividends calculated at the same rate.
Calculation of Performance. For each Performance Factor, the performance for Old National and the peer banks will be determined and then ranked. Old National's rank will then be multiplied times the Performance Weight for each Performance Factor, resulting in Old National's Weighted Average Performance Rank. The Weighted Average Performance Rank will be used to determine Old National's Relative Percentile Ranking. The table below shows the percent of the Shares Awarded (Section 1 of Agreement) that may be earned at various percentile rankings: WEIGHTED AVERAGE PERCENTILE RANK VS. % OF SHARES PERFORMANCE PEER GROUP EARNED LEVEL ------------------- ----------- ----------- >= 75% 200% Maximum 70% 180% 65% 160% 60% 140% 55% 120% 50% 100% Target 45% 75% 40% 50% 35% 25% Threshold < 35% 0% If Old National's percentile ranking is between the points shown above, the payout will be interpolated. TIMING FOR AWARD DETERMINATION Once performance for Old National and the Peer Group is known, and the corresponding percentile ranking is calculated, one of the following scenarios will occur:
Calculation of Performance. For each relative Performance Factor, the performance for the Company and the Peer Group members will be determined and then the percentile raking of the Company shall be determined as compared to the Peer Group. The Company's Average Percentile Rank will be the average of the Company's percentile rankings for each of the Performance Factors. The Company's Average Percentile Rank will be used to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: Average Percentile Rank vs. Peer Group % of Shares Earned Performance Level < 25% 0% 25% 25% Threshold 35% 50% 45% 75% 50% 100% Target 55% 125% 65% 150% 75% 175% 90% & Up 200% Maximum The average percentile rank will be reduced to the next lowest level if the final average percentile rank does not equal one of the levels listed in the above schedule. For example, if the Company's Average Percentile Rank is 48%,.75% of one Shares will be issued with respect to each Performance Share.
Calculation of Performance. On Business Days, the QSI provided terminals shall be subject to, and QSI obligates itself to meet, the performance levels stated in this Section. Uptime shall be calculated by multiplying the number of QSI provided terminals installed by 9 hours, and multiplying the result by the number of Business Days in that month. The resulting answer shall be divided into the number of QSI provided terminals are available for operation use during that same period of time. The answer to these calculations equals actual performance. As an example, if ten (10) terminals worked a nine (9) hour day and there were twenty (20) Business Days in that month, and there were no failures that month, then the calculation would be:
Calculation of Performance. 3.1 Each Mystery Shopper Survey will produce a score of the Operator’s performance against All Measures (as defined in the methodology comprising part of the Mystery Shopper Survey methodology and questionnaire in the agreed terms marked MSSMQ) in relation to each MSS Route in the quarter to which it relates, against the criteria specified in that document (each an MSS Score).
Calculation of Performance. 3.1 Each National Passenger Survey carried out will produce a score against the criteria specified in the questionnaire and methodology (each an NPS Score) of customer perception of the services provided by the Operator in the six months to which the National Passenger Survey relates.
Calculation of Performance. Statistics To process and store the performance statistics of the detection modules (e.g. AID) C CSST Non Functi onal - For maintenance and enhancement of the detection SW modules (e.g. AID module) CSST - SP5_UC131 SP5_UC132_ V.0.1 SP5_UC14 1.01.06 2.02.06 REQ ID # NAME REQUIREMENTS DEFINITION RELEVANCE RESPONSABILITY TYPE OF REQUIREMENT ACCEPTANCE RATIONALE ORIGINATOR ASSUMPTIONS USE CASES USER NEEDS 4.03.02 External data External data/information should be easily integrated into the Information Centre. S System developer NF To minimize amount of work and to keep processing time as low as possible. PTV/TU M SP5_UC411, 412, 42, 43,44, 22, 31,33, 52, 55 SP4_UC6B,6 C,8A,9A,1A,1 B,1C,1F,1D 4.05.04 4.03.03 Latency time Latency time within the Information Centre should be as low as possible. C System developer NF For efficient accident prevention all safety relevant information has to be transmitted as fast as possible. PTV/ TUM SP5_UC411, 412, 42, 43, 44, 22,31,33, 52, 55 SP4_UC6B,6 C,8A,9A,1A,1 B,1C,1F,1D 4.05.04 4.03.04 External data The Information Centre shall be able to cope with a high number of external data/information, therefore it should be easily scalable. S System developer NF The amount of incoming and processed data could be very high. PTV/ TUM SP5_UC411, 412, 42, 43, 44, 22,31,33, 52, 55 SP4_UC6B,6 C,8A,9A,1A,1 B,1C,1F,1D 4.03.05
