Common use of Number of Shares Delivered Clause in Contracts

Number of Shares Delivered. If the Performance Goals are achieved at the Target Levels, you will receive «target» shares of Common Stock (your “Target Payout”). If the Performance Goals are achieved at levels above or below the Target Levels, the number of shares of Common Stock you will receive will be increased or reduced, including to zero, in accordance with the matrix set forth in Exhibit A, which is attached to and forms a part of this Agreement, subject further to adjustment and proration as provided in the Plan and the Committee’s resolutions of November 30, 2006. You may not receive a greater number of shares of Common Stock than your Maximum Potential Payout.

Appears in 1 contract

Samples: Toro Company Performance Share Award Agreement (Toro Co)

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Number of Shares Delivered. If the Performance Goals are achieved at the Target Levels, you will receive «target» shares of Common Stock (your “Target Payout”). If the Performance Goals are achieved at levels above or below the Target Levels, the number of shares of Common Stock you will receive will be increased or reduced, including to zero, in accordance with the matrix set forth in Exhibit A, which is attached to and forms a part of this Agreement, subject further to adjustment and proration as provided in the Plan and the Committee’s resolutions of November 30, 20062005. You may not receive a greater number of shares of Common Stock than your Maximum Potential Payout.

Appears in 1 contract

Samples: Toro Company Performance Share Award Agreement (Toro Co)

Number of Shares Delivered. If the Performance Goals are achieved at the Target Levels, you will receive «target» shares of Common Stock (your “Target Payout”). If the Performance Goals are achieved at levels above or below the Target Levels, the number of shares of Common Stock you will receive will be increased or reduced, including to zero, in accordance with the matrix set forth in Exhibit A_, which is attached to and forms a part of this Agreement, subject further to adjustment and proration as provided in the Plan and the Committee’s resolutions of November 30December 2, 20062004. You may not receive a greater number of shares of Common Stock than your Maximum Potential Payout.

Appears in 1 contract

Samples: Performance Share Award Agreement (Toro Co)

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Number of Shares Delivered. If the Performance Goals are achieved at the Target Levels, you will receive «target» shares of Common Stock (your “Target Payout”). If the Performance Goals are achieved at levels above or below the Target Levels, the number of shares of Common Stock you will receive will be increased or reduced, including to zero, in accordance with the matrix set forth in Exhibit A, which is attached to and forms a part of this Agreement, subject further to adjustment and proration as provided in the Plan and the Committee’s resolutions of November 30, 2006. You may not receive a greater number of shares of Common Stock than your Maximum Potential Payout.

Appears in 1 contract

Samples: Toro Company Performance Share Award Agreement (Toro Co)

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