Common use of Calculation of Performance Clause in Contracts

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.

Appears in 2 contracts

Samples: Compensation Plan Performance Share Award Agreement (Old National Bancorp /In/), Compensation Plan Performance Share Award Agreement (Old National Bancorp /In/)

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Calculation of Performance. For the Performance Factor, the performance for the Company and the Peer Group members : TSR will be determined and then the percentile raking calculated for each member of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank TSR percentile rank in the Peer Group will be used 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 Group Earned Performance Level < 25% 00 % 25% 2525 % Threshold 30% 30 % 35% 40 % 40% 55 % 45% 75 % 50% 45% 75% 50% 100100 % Target 55% 125108 % 60% 117 % 65% 150125 % 70% 133 % 75% 175142 % 9080% & Up 200150 % 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%, 0.7575% of one Share will be issued with respect to each Performance Share.

Appears in 1 contract

Samples: Old National Bancorp (Old National Bancorp /In/)

Calculation of Performance. For the Performance Factor, the performance for the Company and the Peer Group members : TSR will be determined and then the percentile raking calculated for each member of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank TSR percentile rank in the Peer Group will be used 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 Group Earned Performance Level < 25% 0% 25% 25% Threshold 30% 30% 35% 5040% 40% 55% 45% 75% 50% 100% Target 55% 125113% 60% 115% 65% 150120% 70% 128% 75% 175138% 9080% & Up 200150% 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.

Appears in 1 contract

Samples: Old National Bancorp (Old National Bancorp /In/)

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Calculation of Performance. For the Performance Factor, the performance for the Company and the Peer Group members : TSR will be determined and then the percentile raking calculated for each member of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank TSR percentile rank in the Peer Group will be used 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: September 30, September 30, Average Percentile Rank vs. Peer Group % of Shares Group Earned Performance Level < 25% 00 % 25% 2525 % Threshold 35% 5050 % 45% 7575 % 50% 100100 % Target 55% 125125 % 65% 150150 % 75% 175175 % 90% & Up 200200 % 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.

Appears in 1 contract

Samples: Performance Share Award Agreement (Old National Bancorp /In/)

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