Common use of Payment Determination Clause in Contracts

Payment Determination. The Committee may exercise its discretion to reduce the Final Vesting Percentage (but not below 100%) if the Company’s TSR for the Measurement Period is less than zero (0).

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Martin Marietta Materials Inc)

Payment Determination. The Committee may exercise its discretion to reduce the Final Vesting Percentage (but not below 100%) if the Company’s TSR for the Measurement Period is less than zero (0).

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Martin Marietta Materials Inc)

Payment Determination. The Committee may exercise its discretion to reduce the Final Vesting Percentage (but not below 100%) if the Company’s TSR total shareholder return for the Measurement Period is less than zero (0).

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Martin Marietta Materials Inc)