Common use of Return on Invested Capital Modifier (Step 2) Clause in Contracts

Return on Invested Capital Modifier (Step 2). If the number of Initial Vested Shares exceeds zero, then the number of “Vested Shares” shall equal the product of the Initial Vested Shares multiplied by the Modifier set forth in the following table (rounded to the nearest whole share): ROIC < 13.00% 13.00% to < 18.00% 18.00% to < 22.00 Equal to or greater than 22.00%

Appears in 3 contracts

Samples: Restricted Stock Agreement (Zebra Technologies Corp), Restricted Stock Agreement (Zebra Technologies Corp), Restricted Stock Agreement (Zebra Technologies Corp)

AutoNDA by SimpleDocs

Return on Invested Capital Modifier (Step 2). If the number of Initial Vested Shares exceeds zero, then the number of “Vested Shares” shall equal the product of the Initial Vested Shares multiplied by the Modifier set forth in the following table (rounded to the nearest whole share): ROIC < 13.00% 13.00% to < 18.0017.99% 18.00% to < 22.00 Equal to 21.99% 22.00% or greater than 22.00%greater

Appears in 2 contracts

Samples: Restricted Stock Agreement (Zebra Technologies Corp), Restricted Stock Agreement (Zebra Technologies Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.