Equals or Exceeds Maximum Clause Samples
The "Equals or Exceeds Maximum" clause sets a specific upper limit for a value, such as price, quantity, or liability, and defines what happens if that limit is reached or surpassed. In practice, this clause might apply to situations where a party's obligations, costs, or usage are capped, and exceeding the maximum could trigger additional actions, such as renegotiation, penalties, or termination of the agreement. Its core function is to protect parties from unanticipated excesses by clearly establishing boundaries and consequences, thereby managing risk and ensuring predictability in contractual relationships.
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Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, Total Stockholder Return for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals or exceeds the “Maximum” level, as set forth in the Performance Matrix, 200% of the RTSR PSUs shall become nonforfeitable. AAON, Inc. AAON Federal Signal Corporation FSS Park Aerospace Corp. PKE AAR Corp. AIR ▇▇▇▇▇▇▇▇▇ Research, Inc. ▇▇▇▇ ▇▇▇▇▇▇▇ Industries, Inc. ▇▇▇▇ ABM Industries Incorporated ABM Forward Air Corporation FWRD PGT Innovations, Inc. PGTI Aegion Corporation AEGN Foundation Building Materials, Inc. FBM Pitney ▇▇▇▇▇ Inc. PBI Aerojet Rocketdyne Holdings, Inc. AJRD Franklin Electric Co., Inc. FELE ▇▇▇▇▇▇ Industries, Inc. POWL AeroVironment, Inc. AVAV Gibraltar Industries, Inc. ROCK Proto Labs, Inc. PRLB Alamo Group Inc. ALG GMS Inc. GMS Quanex Building Products Corporation NX Albany International Corp. AIN Granite Construction Incorporated GVA ▇.▇. ▇▇▇▇▇▇▇▇▇ & Sons Company RRD Allegiant Travel Company ALGT Griffon Corporation GFF Raven Industries, Inc. RAVN American Woodmark Corporation AMWD Harsco Corporation HSC Resources Connection, Inc. RECN Apogee Enterprises, Inc. APOG Hawaiian Holdings, Inc. ▇▇ ▇▇▇▇, Inc. ▇▇▇▇ Applied Industrial Technologies, Inc. AIT Heartland Express, Inc. HTLD ▇▇▇▇▇▇▇ Manufacturing Co., Inc. SSD ArcBest Corporation ARCB ▇▇▇▇▇▇▇▇ & Struggles International, Inc. HSII SkyWest, Inc. SKYW Arcosa, Inc. ACA ▇▇▇▇▇▇▇▇▇▇▇, Inc. HI SPX Corporation SPXC Astec Industries, Inc. ASTE Hub Group, Inc. HUBG SPX FLOW, Inc. FLOW Atlas Air Worldwide Holdings, Inc. AAWW Insteel Industries, Inc. IIIN Standex International Corporation SXI AZZ Inc. AZZ Interface, Inc. TILE Team, Inc. TISI ▇▇▇▇▇▇ Group Inc. B ▇▇▇▇ ▇▇▇▇ Technologies Corporation JBT ▇▇▇▇▇▇▇ Company TNC ▇▇▇▇▇ Corporation BRC Kaman Corporation KAMN The Greenbrier Companies, Inc. GBX ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ Corporation BGG ▇▇▇▇▇ Services, Inc. KELY.A Titan International, Inc. TWI Chart Industries, Inc. GTLS Korn Ferry KFY Triumph Group, Inc. TGI CIRCOR International, Inc. CIR Lindsay Corporation LNN TrueBlue, Inc. TBI Comfort Systems USA, Inc. FIX Lydall, Inc. LDL UniFirst Corporation UNF Cubic Corporation CUB Marten Transport, Ltd. MRTN Universal Forest Products, Inc. UFPI DXP Enterprises, Inc. DXPE Matson, Inc. MATX US Ecology, Inc. ECOL Echo Global Logistics, Inc. ECHO ▇▇▇▇▇▇▇▇ International Corporation MATW Veritiv Corporation VRTV Encore Wire Corporation WIRE Mobile Mini, Inc. MINI Viad Corp VVI Enerpac Tool Group Corp. EPAC Moog Inc. MOG.A Vicor Corporation VICR EnPro Industries, Inc. NPO ▇▇▇▇...
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix, 200% of the PSUs shall become nonforfeitable.
Equals or Exceeds Maximum. If, upon the conclusion of a Nested Period, RTSR for the Nested Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% will be the Payout Percentage for such Nested Period.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period (or the date of the Change in Control if Section 1(e)(ii) of this Exhibit A is applicable), RTSR for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 150% of the PRSUs will become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, TSR Relative to Peers for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, Gentex's performance for the Performance Period equals or exceeds the Maximum level, as set forth in the Performance Objectives, the Performance Shares set forth in the officer Award Notification will become earned (subject to any cap set by the Board or the Compensation Committee).
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, (i) ROIC for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% of the ROIC PRSUs shall become nonforfeitable, and (ii) RTSR for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% of the RTSR PRSUs shall become nonforfeitable.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, ▇▇▇ for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, ▇▇▇▇’s performance for the Performance Period equals or exceeds the maximum level, as set forth in the ▇▇▇▇ Performance Goals, a previously approved portion of the Performance Shares will become earned, subject to any cap set by the Board or a committee thereof.