Common use of Payout Matrix Clause in Contracts

Payout Matrix. (a) Subject to paragraph 5(b) below, the Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below: Achieved Performance Goal 3-Year Relative TSR Percentile Rank % of Target Award Opportunity Earned No Payout < [ ]th Percentile 0% Threshold [ ]th Percentile [ ]% Target [ ]th Percentile [ ]% Maximum ≤ [ ]th Percentile [ ]% (capped) The Company’s Percentile Rank shall be calculated as follows: Percentile Rank = Company Rank Total number of Competitor Companies including the Company Linear interpolation shall be used to determine the percent of Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s Percentile Rank does not fall directly on one of the ranks listed in the chart above.

Payout Matrix. (a) Subject to paragraph 5(b) below, the Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below: Achieved Performance Goal 3-Year Relative TSR Percentile Rank % of Target Award Opportunity Earned No Payout < [ ]th ] Percentile 0% Threshold [ ]th Percentile [ ]% Target [ ]th ] Percentile [ ]100% Maximum ≤ [ ]th ] Percentile [ ]% (capped) The Company’s Percentile Rank shall be calculated as follows: Percentile Rank = Company Rank Total number of Competitor Companies including the Company Linear interpolation shall be used to determine the percent of Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s Percentile Rank does not fall directly on one of the ranks listed in the chart above.

Payout Matrix. (a) Subject to paragraph 5(b) below, the Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below: Achieved Performance Goal 3-Year Relative TSR Percentile Rank % of Target Award Opportunity Earned No Payout < Less than [ ]th ] Percentile 0% Threshold [ ]th ] Percentile [ ]50% Target [ ]th ] Percentile [ ]100% Maximum ≤ [ ]th ] Percentile [ ]or higher 200% (capped) The Company’s Percentile Rank shall be calculated as follows: Percentile Rank = Company Rank Total number of Competitor Companies including the Company Linear interpolation shall be used to determine the percent of Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s Percentile Rank does not fall directly on one of the ranks listed in the chart above.