ROIC Payout Factor. (a) The “ROIC Payout Factor” shall be determined under the table below based on the Average ROIC (as defined below) achieved by the Company for the Award Period: Average ROIC ROIC Payout Factor 0% 25% 100% 200% If the Company’s Average ROIC is between any two data points set forth in the first column of the above table, the ROIC Payout Factor shall be interpolated as follows. The excess of the Company’s Average ROIC over the Average ROIC of the lower data point shall be divided by the excess of the Average ROIC of the higher data point over the Average ROIC of the lower data point. The resulting fraction shall be multiplied by the difference between the ROIC Payout Factors in the above table corresponding to the two data points. The product of that calculation shall be rounded to the nearest hundredth of a percentage point and then added to the ROIC Payout Factor in the above table corresponding to the lower data point, and the resulting sum shall be the ROIC Payout Factor.
Appears in 5 contracts
Samples: Performance Share Long Term Incentive Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)
