Free Cash Flow. a. Free Cash Flow shall be measured on a cumulative basis over the entire three-year performance period commencing January 1, 2021 and ending December 31, 2023. The payout percentage for the Company’s cumulative Free Cash Flow shall be determined in accordance with the Free Cash Flow targets and payout percentages established by the Committee prior to the grant date of the award. b. The payout percentage for the Free Cash Flow target shall range from a minimum of zero percent (0%) to a maximum of two hundred percent (200%) based on actual performance relative to targets c. For any actual performance figure which falls between two defined payment thresholds, the payout with respect to such performance criteria shall be determined by straight-line interpolation.
Appears in 3 contracts
Sources: Restricted Stock Unit Award Agreement (Newell Brands Inc.), Restricted Stock Unit Award Agreement (Newell Brands Inc.), Restricted Stock Unit Award Agreement (Newell Brands Inc.)
Free Cash Flow. a. Free Cash Flow shall be measured on a cumulative basis over the entire three-year performance period commencing January 1, 2021 2020 and ending December 31, 20232022. The payout percentage for the Company’s cumulative Free Cash Flow shall be determined in accordance with the Free Cash Flow targets and payout percentages established by the Committee prior to the grant date of the award.
b. The payout percentage for the Free Cash Flow target shall range from a minimum of zero percent (0%) to a maximum of two hundred percent (200%) based on actual performance relative to targets
c. For any actual performance figure which falls between two defined payment thresholds, the payout with respect to such performance criteria shall be determined by straight-line interpolation.
Appears in 2 contracts
Sources: Restricted Stock Unit Award Agreement (Newell Brands Inc.), Restricted Stock Unit Award Agreement (Newell Brands Inc.)