FCF Conversion Sample Clauses
FCF Conversion. Fifty percent (50%) of the Target Award shall be determined earned based on the FCF Conversion Performance as follows: FCF Conversion 110% 125% 150% Performance Shares Earned 50% 100% 150% Performance Objective levels above the minimum standard and below the maximum standard shall be determined by interpolation based on the schedules set forth above.
FCF Conversion. The total Performance Shares earned will be a percentage of the Target Award based on the FCF Conversion calculated by the Committee, as follows: FCF Conversion 100% 115% 140% Performance Shares Earned 50% 100% 150% The number of Performance Shares earned (as a percentage of the Target Award) with respect to performance levels above the minimum standard and below the maximum standard shall be determined by interpolation based on the schedules set forth above. No Performance Shares will be earned if the minimum standard is not met. In the event that the maximum performance objective is exceeded, the number of Performance Shares earned shall not exceed the maximum Performance Shares earned as shown in the table above. Any unearned Performance Shares shall be forfeited to the Company, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unearned Performance Shares shall terminate.