Performance Scores. Using the actual performance results and the performance matrix for each Business Unit, the GAAP Combined Ratio for each such Unit will be matched with the growth levels achieved by such Unit, to determine the performance score for each such Unit. The performance score for each Business Unit, which will be used to calculate the Performance Factor as described further below, can vary from 0 to 2.0.
Appears in 2 contracts
Sources: Award Agreement (Progressive Corp/Oh/), Award Agreement (Progressive Corp/Oh/)