Performance Measure Factor Grid. Average Net Finance Margin (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Multiple will be determined by interpolation between the respective amounts shown above. (2) Each of the Performance Measures is weighted 50% to determine the applicable Multiple in the Performance Measure Factor Grid. (3) Notwithstanding the foregoing, Awarded Shares shall not be awarded to the Participant if either (i) the level of Average Net Finance Margin is less than [Ÿ]%, or (ii) Aggregate Committed Lending Volume is less than $[Ÿ] of each respective Performance Measurement’s Target Level. (4) The total number of Awarded Shares that may be awarded to the Participant shall range from 0% to 150% of the Target Number of PSUs (or Pro-Rata Target Number of PSUs, if applicable) based on the application of the Performance Measure Factor Grid. (5) The “Target Level” for the Average Net Finance Margin is [Ÿ]% and the “Target Level” for Aggregate Committed Lending Volume is $[Ÿ] billion.
Appears in 2 contracts
Sources: Performance Share Unit Award Agreement (Cit Group Inc), Performance Share Unit Award Agreement (Cit Group Inc)