Performance Percentage. As of the Performance Determination Date, the Performance Percentage shall be determined in accordance with the table below depending on the AGO High Stock Price in the Performance Period. If the AGO High Stock Price in the Performance Period is between prices listed on the table below, the Performance Percentage shall be determined using the straight line interpolation between the percentages listed on the table below. For example, if the AGO High Stock Price determined for the Performance Period is $20, the Performance Percentage shall be 40%. Outstanding $30 or higher 100% Target $24 50% Threshold $18 35% < Threshold less than $18 0% The Performance Percentage shall be determined by the Committee and certified by the Committee in writing before the Option shall become exercisable on or after the applicable Vesting Date.
Appears in 1 contract
Sources: Executive Non Qualified Stock Option Agreement (Assured Guaranty LTD)
Performance Percentage. As of the Performance Determination Date, the Performance Percentage shall be determined in accordance with the table below depending on the AGO High Stock Price in the Performance Period. If the AGO High Stock Price in the Performance Period is between prices listed on the table below, the Performance Percentage shall be determined using the straight line interpolation between the percentages listed on the table below. For example, if the AGO High Stock Price determined for the Performance Period is $20, the Performance Percentage shall be 40%. Outstanding $30 or higher 100100 % Target $24 5050 % Threshold $18 3535 % < Threshold less than $18 00 % The Performance Percentage shall be determined by the Committee and certified by the Committee in writing before the Option shall become exercisable on or after the applicable Vesting Date.
Appears in 1 contract
Sources: Non Qualified Stock Option Agreement (Assured Guaranty LTD)