Common use of Interpolation Clause in Contracts

Interpolation. Interpolation shall be used to determine the EBITDA Vesting Percentage and Net Leverage Ratio Vesting Percentage, as applicable, in the event the Cumulative EBITDA Ratio Target and/or Net Leverage Ratio Target, as applicable, does not fall directly on one of the ranks or targets, as applicable, listed in the above charts.

Appears in 3 contracts

Sources: Stock Settled Performance Share Unit Award Agreement (Tenneco Inc), Performance Share Unit Award Agreement (Tenneco Inc), Performance Share Unit Award Agreement (Tenneco Inc)