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 Target PSUs shall become nonforfeitable. Before all or any portion of any award of PSUs intended to qualify as “qualified performance-based compensation” for purposes of Section 162(m) of the Code shall become nonforfeitable or paid in accordance with this Appendix A or the Agreement, the Committee shall determine in writing that the Performance Goal has been satisfied. AAR CORP Engility Holdings, Inc. ▇▇▇▇▇▇▇ Industries, Inc. ABM Industries Incorporated EnPro Industries, Inc. MYR Group, Inc. Actuant Corporation ESCO Technologies Inc. National Presto Industries, Inc. Aegion Corporation Essendant Inc. Navigant Consulting, Inc. Aerojet Rocketdyne Holdings, Inc. Exponent Inc. On Assignment, Inc. AeroVironment, Inc. Federal Signal Corporation Orion Marine Group, Inc. Albany International Corp. Forward Air Corporation PGT, Inc. Allegiant Travel Company Franklin Electric Co., Inc. ▇▇▇▇▇▇ Industries, Inc. American Science & Engineering, Inc. G&K Services, Inc. Quanex Building Products Corporation American Woodmark Corporation General Cable Corporation Republic Airways Holdings Inc. Apogee Enterprises, Inc. Gibraltar Industries, Inc. Resources Connection, Inc. Applied Industrial Technologies, Inc. Griffon Corporation Roadrunner Transportation Systems, Inc. ArcBest Corporation Harsco Corporation ▇▇▇▇, Inc. Astec Industries, Inc. Hawaiian Holdings, Inc. ▇▇▇▇▇▇▇ Manufacturing Co., Inc. Atlas Air Worldwide Holdings, Inc. Healthcare Services Group, Inc. SkyWest, Inc. AZZ incorporated Heartland Express, Inc. Standex International Corporation ▇▇▇▇▇▇ Group Inc. ▇▇▇▇▇▇▇▇ & Struggles International, Inc. TASER International, Inc. ▇▇▇▇▇ Corporation ▇▇▇▇▇▇▇▇▇▇▇, Inc. ▇▇▇▇▇▇▇ Company ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ Corporation Hub Group, Inc. Tetra Tech, Inc. The Brink’s Company Insperity, Inc. Titan International, Inc. CDI Corp. Interface, Inc. The Toro Company Celadon Group, Inc. ▇▇▇▇ ▇▇▇▇ Technologies Corporation TrueBlue, Inc. Chart Industries Inc. Kaman Corporation UniFirst Corporation CIRCOR International, Inc. ▇▇▇▇▇ Services, Inc. Universal Forest Products, Inc. Comfort Systems USA, Inc. Knight Transportation, Inc. US Ecology, Inc. Cubic Corporation Korn/Ferry International UTi Worldwide Inc. ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Corporation Lindsay Corporation Veritiv Corporation DXP Enterprises, Inc. Lydall, Inc. Viad Corp Dycom Indus...
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 Matrix, 200% will be the Payout Percentage for such Nested Period.
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 (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, ▇▇▇▇’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.
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, ▇▇▇ 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.