Common use of Illustrative Example Clause in Contracts

Illustrative Example. For purposes of illustration only, assume that: • The Initial EPS Percentage is achieved as follows: Pre-Set Year 1 200% 25% 50.0% Year 2 79% 25% 19.7% Year 3 80% 25% 19.9% Pre-Set Year 3 100% 25% 25.0% Total: 114.7% • The Initial ROIC Percentage is achieved as follows: Pre-Set Year 1 0% (below Threshold) 25% 0.0% Year 2 150% 25% 37.5% Year 3 100% 25% 25% Pre-Set Year 3 50% 25% 12.5% Total: 75% • The RTSR Percentage Modifier is 110%. In such case, 104.34% of the PSUs would be earned, calculated as follows: 2 X 110% = 104.34% AAR Corp. AIR Franklin Electric Co., Inc. FELE National Presto Industries, Inc. NPK ABM Industries Incorporated ABM Gates Industrial Corporation plc GTES OPENLANE, Inc. OPLN Air Lease Corporation AL Gibraltar Industries, Inc. ROCK Pitney ▇▇▇▇▇ Inc. PBI Alamo Group Inc. ALG Granite Construction Incorporated GVA ▇▇▇▇▇▇ Industries, Inc. POWL Albany International Corp. AIN Griffon Corporation GFF Primoris Services Corporation PRIM Allegiant Travel Company ALGT Hayward Holdings, Inc. HAYW Proto Labs, Inc. PRLB Amentum Holdings, Inc. AMTM Healthcare Services Group, Inc. HCSG Quanex Building Products Corporation NX American Woodmark Corporation AMWD Heartland Express, Inc. HTLD Resideo Technologies, Inc. REZI Apogee Enterprises, Inc. APOG Hertz Global Holdings, Inc. HTZ ▇▇▇▇▇▇ Half Inc. RHI ArcBest Corporation ARCB HNI Corporation HNI Rush Enterprises, Inc. RUSH.A Arcosa, Inc. ACA Hub Group, Inc. HUBG RXO, Inc. RXO ▇▇▇▇▇▇▇▇▇ World Industries, Inc. AWI Insperity, Inc. NSP ▇▇▇▇▇▇▇▇▇ National, Inc. SNDR Astec Industries, Inc. ASTE Insteel Industries Inc. IIIN SkyWest, Inc. SKYW AZZ Inc. AZZ Interface, Inc. TILE Standex International Corporation SXI Boise Cascade Company BCC JBT Marel Corporation JBTM Sun Country Airlines Holdings, Inc. SNCY ▇▇▇▇▇ Corporation BRC JetBlue Airways Corporation JBLU Sunrun Inc. RUN ▇▇▇▇▇▇▇ Waste Systems, Inc. CWST Kadant Inc. ▇▇▇ ▇▇▇▇▇▇▇ Company TNC CoreCivic, Inc. CXW Kennametal Inc. KMT The GEO Group, Inc. GEO CSG Systems International, Inc. CSGS Korn Ferry KFY The Greenbrier Companies, Inc. GBX CSW Industrials, Inc. CSW Lindsay Corporation LNN Titan International, Inc. TWI Deluxe Corporation DLX Liquidity Services, Inc. LQDT Trinity Industries, Inc. TRN DNOW Inc. DNOW ManpowerGroup Inc. MAN UniFirst Corporation UNF DXP Enterprises, Inc. DXPE Marten Transport, Ltd. MRTN Upwork Inc. UPWK Enerpac Tool Group Corp. EPAC MasterBrand, Inc. MBC Verra Mobility Corporation VRRM Enpro Inc. NPO ▇▇▇▇▇▇, Inc. MATX Vestis Corporation VSTS Enviri Corporation NVRI Mercury Systems, Inc. MRCY Vicor Corporation VICR ESCO Technologies Inc. ESE MillerKnoll, Inc. ▇▇▇▇ ▇▇▇▇▇▇ Enterprises, Inc. WERN Everus Construction Group, Inc. ECG Moog Inc. MOG.A WillScot Holdings Corporation WSC Federal Signal Corporation FSS ▇▇▇▇▇▇▇ Water Products, Inc. MWA Worthington Enterprises, Inc. WOR Forward Air Corporation FWRD MYR Group Inc. MYRG ▇▇▇▇ Elkay Water Solutions Corporation ZWS For purposes of this Agreement:

Appears in 2 contracts

Sources: Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp)

Illustrative Example. For purposes of illustration only, assume that: • The Initial EPS CAGR Percentage is achieved as follows: Pre-Set Year 1 200% 25% 50.0% Year 2 79% 25% 19.7% Year 3 80% 25% 19.9% Pre-Set Year 3 100% 25% 25.0% Total: 114.7% 50%; • The Initial ROIC ▇▇▇▇ ▇▇▇▇ Percentage is achieved as follows: Pre-Set Year 1 0% (below Threshold) 25% 0.0% Year 2 150% 25% 37.5% Year 3 100% 25% 25% Pre-Set Year 3 50% 25% 12.5% Total: 75% %; and • The RTSR Percentage Modifier is 110125%. In such case, 104.3493.75% of the PSUs would be earned, calculated as follows: 2 X 110125% = 104.3493.75% AAR Corp. AIR Forward Air Corporation FWRD NV5 Global, Inc. NVEE ABM Industries Incorporated ABM Franklin Electric Co., Inc. FELE National Presto IndustriesOPENLANE, Inc. NPK ABM Industries Incorporated ABM KAR AeroVironment, Inc. AVAV Gates Industrial Corporation plc GTES OPENLANE, Pitney ▇▇▇▇▇ Inc. OPLN PBI Air Lease Corporation AL Gibraltar Industries, Inc. ROCK Pitney ▇▇▇▇▇ Inc. PBI Alamo Group Inc. ALG Granite Construction Incorporated GVA ▇▇▇▇▇▇ Industries, Inc. POWL Alamo Group Inc. ALG GMS Inc. GMS Proto Labs, Inc. PRLB Alaska Air Group, Inc. ALK Granite Construction Incorporated GVA Pursuit Attractions and Hospitality, Inc. PRSU Albany International Corp. AIN Griffon Corporation GFF Primoris Services Quanex Building Products Corporation PRIM NX Allegiant Travel Company ALGT Hayward Holdings, Inc. HAYW Proto LabsResideo Technologies, Inc. PRLB REZI Amentum Holdings, Inc. AMTM Healthcare Services Group, Inc. HCSG Quanex Building Products Corporation NX ▇▇▇▇▇▇ Half Inc. RHI American Woodmark Corporation AMWD Heartland Express, Inc. HTLD Resideo TechnologiesRush Enterprises, Inc. REZI RUSH.A Apogee Enterprises, Inc. APOG ▇▇▇▇▇▇▇▇ & Struggles International, Inc. HSII RXO, Inc. RXO ArcBest Corporation ARCB Hertz Global Holdings, Inc. HTZ ▇▇▇▇▇▇▇▇Half Inc. RHI ArcBest Corporation ARCB HNI Corporation HNI Rush EnterprisesNational, Inc. RUSH.A SNDR Arcosa, Inc. ACA Hub Group▇▇▇▇▇▇▇▇▇▇▇, Inc. HUBG RXOHI SkyWest, Inc. RXO SKYW ▇▇▇▇▇▇▇▇▇ World Industries, Inc. AWI InsperityHNI Corporation HNI SPX Technologies, Inc. NSP ▇▇▇▇▇▇▇▇▇ National, Inc. SNDR SPXC Astec Industries, Inc. ASTE Insteel Industries Inc. IIIN SkyWestHub Group, Inc. SKYW AZZ Inc. AZZ Interface, Inc. TILE HUBG Standex International Corporation SXI Boise Cascade Company BCC JBT Marel Corporation JBTM AZZ Inc. AZZ Insteel Industries, Inc. IIIN Sun Country Airlines Holdings, Inc. SNCY ▇▇▇▇Corporation BRC Group Inc. B Interface, Inc. TILE Sunrun Inc. RUN Boise Cascade Company BCC JetBlue Airways Corporation JBLU Sunrun Inc. RUN ▇▇▇▇▇▇▇ Waste Systems, Inc. CWST Kadant Inc. ▇▇▇ ▇▇▇▇▇▇▇ Company TNC ▇▇▇▇▇ Corporation BRC ▇▇▇▇ ▇▇▇▇ Technologies Corporation JBT The GEO Group, Inc. GEO CoreCivic, Inc. CXW Kennametal Inc. KMT The GEO GroupGreenbrier Companies, Inc. GEO GBX CSG Systems International, Inc. CSGS Korn Ferry KFY The Greenbrier Companies, Inc. GBX CSW Industrials, Inc. CSW Lindsay Corporation LNN Titan International, Inc. TWI CSW Industrials, Inc. CSWI Lindsay Corporation LNN Trinity Industries, Inc. TRN Deluxe Corporation DLX Liquidity Services, Inc. LQDT Trinity IndustriesTriumph Group, Inc. TRN TGI DNOW Inc. DNOW ManpowerGroup Inc. MAN Marten Transport, Ltd. MRTN UniFirst Corporation UNF DXP Enterprises, Inc. DXPE Marten Transport, Ltd. MRTN Upwork Inc. UPWK Enerpac Tool Group Corp. EPAC MasterBrand, Inc. MBC Verra Mobility Corporation VRRM Enpro Dycom Industries, Inc. NPO ▇▇ ▇▇▇▇▇▇, Inc. MATX Vestis Corporation VSTS Enviri Enerpac Tool Group Corp. EPAC ▇▇▇▇▇▇▇▇ International Corporation NVRI MATW Vicor Corporation VICR Enpro Inc. NPO Mercury Systems, Inc. MRCY Vicor Wabash National Corporation VICR ESCO Technologies Inc. ESE WNC Enviri Corporation NVRI MillerKnoll, Inc. ▇▇▇▇ ▇▇▇▇▇▇ Enterprises, Inc. WERN Everus Construction Group, Inc. ECG Moog Inc. MOG.A WillScot Holdings Corporation WSC Federal Signal Corporation FSS ▇▇▇▇▇▇▇ Water Products, ▇▇▇▇ Technologies Inc. MWA Worthington Enterprises, ESE Moog Inc. WOR Forward Air Corporation FWRD MYR Group Inc. MYRG MOG.A ▇▇▇▇ Elkay Water Solutions Corporation ZWS Everus Construction Group, Inc. ECG MYR Group Inc. MYRG Federal Signal Corporation FSS National Presto Industries, Inc. NPK For purposes of this Agreement:

Appears in 1 contract

Sources: Performance Stock Units Agreement (Trimas Corp)

Illustrative Example. For purposes of illustration only, assume that: • The Initial EPS CAGR Percentage is achieved as follows: Pre-Set Year 1 200% 25% 50.0% Year 2 79% 25% 19.7% Year 3 80% 25% 19.9% Pre-Set Year 3 100% 25% 25.0% Total: 114.7% 50%; • The Initial ROIC ▇▇▇▇ ▇▇▇▇ Percentage is achieved as follows: Pre-Set Year 1 0% (below Threshold) 25% 0.0% Year 2 150% 25% 37.5% Year 3 100% 25% 25% Pre-Set Year 3 50% 25% 12.5% Total: 75% %; and • The RTSR Percentage Modifier is 110125%. In such case, 104.3493.75% of the PSUs would be earned, calculated as follows: 2 (50% + 100%) X 110125% = 104.3493.75% AAR Corp. AIR 3D Systems Corporation DDD Forward Air Corporation FWRD NV5 Global, Inc. NVEE AAON, Inc. AAON Franklin Electric Co., Inc. FELE National Presto Industries, Inc. NPK ABM Industries Incorporated ABM Gates Industrial Corporation plc GTES OPENLANE, Inc. OPLN Air Lease Corporation AL Park Aerospace Corp. PKE AAR Corp. AIR Gibraltar Industries, Inc. ROCK PGT Innovations, Inc. PGTI ABM Industries Incorporated ABM GMS Inc. GMS Pitney ▇▇▇▇▇ Inc. PBI Alamo Group Aerojet Rocketdyne Holdings, Inc. ALG AJRD Granite Construction Incorporated GVA ▇▇▇▇▇▇ Industries, Inc. POWL Albany International Corp. AIN AeroVironment, Inc. AVAV Griffon Corporation GFF Primoris Services Corporation PRIM Allegiant Travel Company ALGT Hayward Holdings, Inc. HAYW Proto Labs, Inc. PRLB Amentum Alamo Group Inc. ALG Harsco Corporation HSC Quanex Building Products Corporation NX Albany International Corp. AIN Hawaiian Holdings, Inc. AMTM HA Resideo Technologies, Inc. REZI Allegiant Travel Company ALGT Healthcare Services Group, Inc. HCSG Quanex Building Products Corporation NX Resources Connection, Inc. RGP American Woodmark Corporation AMWD Heartland Express, Inc. HTLD Resideo TechnologiesSkyWest, Inc. REZI SKYW Apogee Enterprises, Inc. APOG Hertz Global Holdings, Inc. HTZ ▇▇▇▇▇▇▇▇ Half & Struggles International, Inc. RHI HSII SPX Technologies, Inc. SPXC Applied Industrial Technologies, Inc. AIT ▇▇▇▇▇▇▇▇▇▇▇, Inc. HI Standex International Corporation SXI ArcBest Corporation ARCB HNI Corporation HNI Rush EnterprisesSun Country Airlines Holdings, Inc. RUSH.A SNCY Arcosa, Inc. ACA Hub Group, Inc. HUBG RXO▇▇▇▇▇▇▇ Company TNC Astec Industries, Inc. RXO ASTE Insteel Industries, Inc. IIIN The GEO Group, Inc. GEO Atlas Air Worldwide Holdings, Inc. AAWW Interface, Inc. TILE The Greenbrier Companies, Inc. GBX AZZ Inc. AZZ ▇▇▇▇ ▇▇▇▇ Technologies Corporation JBT Titan International, Inc. TWI ▇▇▇▇▇▇ Group Inc. B Kaman Corporation KAMN Trinity Industries, Inc. TRN Boise Cascade Company BCC KAR Auction Services, Inc. KAR Triumph Group, Inc. TGI ▇▇▇▇▇ Corporation BRC ▇▇▇▇▇ Services, Inc. KELY.A TrueBlue, Inc. TBI CIRCOR International, Inc. CIR Korn Ferry KFY UFP Industries, Inc. UFPI Comfort Systems USA, Inc. FIX Lindsay Corporation LNN UniFirst Corporation UNF CoreCivic, Inc. CXW Marten Transport, Ltd. MRTN Veritiv Corporation VRTV Deluxe Corporation DLX MasterBrand, Inc. MBC Viad Corp VVI DXP Enterprises, Inc. DXPE ▇▇▇▇▇▇, Inc. MATX Wabash National Corporation WNC Encore Wire Corporation WIRE ▇▇▇▇▇▇▇▇ International Corporation MATW Enerpac Tool Group Corp. EPAC MillerKnoll, Inc. MLKN EnPro Industries, Inc. NPO Moog Inc. MOG.A ESCO Technologies Inc. ESE ▇▇▇▇▇▇▇ Industries, Inc. MLI Exponent, Inc. EXPO MYR Group Inc. MYRG Federal Signal Corporation FSS National Presto Industries, Inc. NPK ▇▇▇▇▇▇▇▇▇ World IndustriesResearch, Inc. AWI Insperity, FORR NOW Inc. NSP ▇▇▇▇▇▇▇▇▇ National, Inc. SNDR Astec Industries, Inc. ASTE Insteel Industries Inc. IIIN SkyWest, Inc. SKYW AZZ Inc. AZZ Interface, Inc. TILE Standex International Corporation SXI Boise Cascade Company BCC JBT Marel Corporation JBTM Sun Country Airlines Holdings, Inc. SNCY ▇▇▇▇▇ Corporation BRC JetBlue Airways Corporation JBLU Sunrun Inc. RUN ▇▇▇▇▇▇▇ Waste Systems, Inc. CWST Kadant Inc. ▇▇▇ ▇▇▇▇▇▇▇ Company TNC CoreCivic, Inc. CXW Kennametal Inc. KMT The GEO Group, Inc. GEO CSG Systems International, Inc. CSGS Korn Ferry KFY The Greenbrier Companies, Inc. GBX CSW Industrials, Inc. CSW Lindsay Corporation LNN Titan International, Inc. TWI Deluxe Corporation DLX Liquidity Services, Inc. LQDT Trinity Industries, Inc. TRN DNOW Inc. DNOW ManpowerGroup Inc. MAN UniFirst Corporation UNF DXP Enterprises, Inc. DXPE Marten Transport, Ltd. MRTN Upwork Inc. UPWK Enerpac Tool Group Corp. EPAC MasterBrand, Inc. MBC Verra Mobility Corporation VRRM Enpro Inc. NPO ▇▇▇▇▇▇, Inc. MATX Vestis Corporation VSTS Enviri Corporation NVRI Mercury Systems, Inc. MRCY Vicor Corporation VICR ESCO Technologies Inc. ESE MillerKnoll, Inc. ▇▇▇▇ ▇▇▇▇▇▇ Enterprises, Inc. WERN Everus Construction Group, Inc. ECG Moog Inc. MOG.A WillScot Holdings Corporation WSC Federal Signal Corporation FSS ▇▇▇▇▇▇▇ Water Products, Inc. MWA Worthington Enterprises, Inc. WOR Forward Air Corporation FWRD MYR Group Inc. MYRG ▇▇▇▇ Elkay Water Solutions Corporation ZWS For purposes of this Agreement:DNOW

Appears in 1 contract

Sources: Performance Stock Units Agreement (Trimas Corp)