Earning of Award. The extent to which the Participant will earn the Free Cash Flow Units is based on the Company’s cumulative Free Cash Flow (as defined below) for the Performance Period compared to the cumulative Free Cash Flow Target established by the Committee for the Performance Period as shown in the chart below (with the Threshold, Above Threshold, Target, Above Target and Maximum cumulative Free Cash Flow amounts to be set forth on a separate exhibit which will be provided to the Participant). Company Cumulative Free Cash Flow Percentage of Free Cash Flow Units Earned Maximum 200.0% Above Target 150.0% Target 100.0% Above Threshold 75.0% Threshold 37.5% Below Threshold 0.0% Linear interpolation shall be used to determine the percentage of Free Cash Flow Units earned in the event the Company’s cumulative Free Cash Flow falls between the (i) Threshold and Above Threshold, (ii) Above Threshold and Target, (iii) Target and Above Target or (iv) Above Target and Maximum performance levels shown in the chart above. The Company’s cumulative Free Cash Flow will be determined as set forth in Section 1(b) below.
Appears in 4 contracts
Samples: Term Performance Unit Award Agreement (Wendy's Co), Term Performance Unit Award Agreement (Wendy's Co), Term Performance Unit Award Agreement (Wendy's Co)
Earning of Award. The extent to which the Participant will earn the Free Cash Flow Units is based on the Company’s cumulative Free Cash Flow (as defined below) for the Performance Period compared to the cumulative Free Cash Flow Target established by the Committee for the Performance Period as shown in the chart below (with the Threshold, Above Threshold, Target, Above Target and Maximum cumulative Free Cash Flow amounts to be set forth on a separate exhibit which will be provided to the Participant). Company Cumulative CompanyCumulative Free Cash Flow Percentage of Free ofFree Cash Flow Units Earned Maximum 200.0% Above Target 150.0% Target 100.0% Above Threshold 75.0% Threshold 37.5% Below Threshold 0.0% Linear interpolation shall be used to determine the percentage of Free Cash Flow Units earned in the event the Company’s cumulative Free Cash Flow falls between the (i) Threshold and Above Threshold, (ii) Above Threshold and Target, (iii) Target and Above Target or (iv) Above Target and Maximum performance levels shown in the chart above. The Company’s cumulative Free Cash Flow will be determined as set forth in Section 1(b) below.
Appears in 2 contracts
Samples: Term Performance Unit Award Agreement (Wendy's Co), The Wendy’s Company (Wendy's Co)
Earning of Award. The extent to which the Participant will earn the Free Cash Flow Units is based on the Company’s cumulative Free Cash Flow (as defined below) for the Performance Period compared to the cumulative Free Cash Flow Target established by the Committee for the Performance Period as shown in the chart below (with the Threshold, Above Threshold, Target, Above Target and Maximum cumulative Free Cash Flow amounts to be set forth on a separate exhibit which will be provided to the Participant). Company Cumulative Free Cash Flow Percentage of Free Cash Flow Units Earned Maximum 200.0% Above Target 150.0% Target 100.0% Above Threshold 75.0% Threshold 37.5% Below Threshold 0.0% Linear interpolation shall be used to determine the percentage of Free Cash Flow Units earned in the event the Company’s cumulative Free Cash Flow falls between the (i) Threshold and Above Threshold, (ii) Above Threshold and Target, (iii) Target and Above Target or (iv) Above Target and Maximum performance levels shown in the chart above. The Company’s cumulative Free Cash Flow will be determined as set forth in Section 1(b) below.. 385813
Appears in 1 contract
Samples: The Wendy’s Company (Wendy's Co)