Common use of Determining Performance Share Units Earned Clause in Contracts

Determining Performance Share Units Earned. The number of earned Performance Share Units shall be determined under the following table based on the Company’s percentile rank for the Performance Period. Percentile Rank Payout Percentage 25% or less 200% 30% 175% 35% 150% 40% 125% 45% 110% 50% 100% 55% 90% 60% 75% 65% 50% 70% 25% More than 70% 0% For purposes of this determination, the percentile rank for the Performance Period shall be rounded to three decimal points. If the percentile rank is between two stated percentages above, the Payout Percentage will be prorated accordingly.

Appears in 4 contracts

Samples: Performance Share Unit Agreement (Red Hat Inc), Performance Share Unit Agreement (Red Hat Inc), Performance Share Unit Agreement (Red Hat Inc)

AutoNDA by SimpleDocs

Determining Performance Share Units Earned. The number of earned Performance Share Units shall be determined under the following table based on the Company’s percentile rank for the Performance Period. Percentile Rank Payout Percentage 25% or less 200200 % 30% 175175 % 35% 150150 % 40% 125125 % 45% 110110 % 50% 100100 % 55% 9090 % 60% 7575 % 65% 5050 % 70% 2525 % More than 70% 00 % For purposes of this determination, the percentile rank for the Performance Period shall be rounded to three decimal points. If the percentile rank is between two stated percentages above, the Payout Percentage will be prorated accordingly.

Appears in 1 contract

Samples: Share Unit Agreement (Red Hat Inc)

AutoNDA by SimpleDocs

Determining Performance Share Units Earned. The number of earned Performance Share Units shall be determined under the following table based on the Company’s percentile rank for the Performance Period. Percentile Rank Payout Percentage 25% or less 200200 % 3030 % 175175 % 3535 % 150150 % 4040 % 125125 % 4545 % 110110 % 5050 % 100100 % 5555 % 9090 % 6060 % 7575 % 6565 % 5050 % 7070 % 2525 % More than 7070 % 00 % For purposes of this determination, the percentile rank for the Performance Period shall be rounded to three decimal points. If the percentile rank is between two stated percentages above, the Payout Percentage will be prorated accordingly.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Red Hat Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.