Common use of Sales Growth Clause in Contracts

Sales Growth. Such number of RSUs shall vest based on the Company’s calculated Sales Growth Factor during the Performance Period as is determined by multiplying (i) the Target RSUs set forth in the Grant Notice, by (ii) 40%, by (iii) Sales Growth Achievement Percentage (as defined in the chart below) determined pursuant to the chart set forth below as of the Measurement Date. Sales Growth Rate For Performance Period Sales Growth Factor Sales Growth Achievement Percentage Less than 2.5%/year 1.0500 0 % 2.5%/year 1.0500 25 % 5.0%/year 1.1000 100 % 7.5%/year or Greater 1.1500 or Greater 200 % If the Company’s Sales Growth Factor during the Performance Period is between two achievement levels, the Sales Growth Achievement Percentage shall be determined by linear interpolation between the applicable achievement levels.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Cubic Corp /De/), Restricted Stock Unit Award Agreement (Cubic Corp /De/), Restricted Stock Unit Award Agreement (Cubic Corp /De/)

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Sales Growth. Such number of RSUs shall vest based on the Company’s calculated Sales Growth Factor during the Performance Period as is determined by multiplying (i) the Target RSUs set forth in the Grant Notice, by (ii) 4050%, by (iii) Sales Growth Achievement Percentage (as defined in the chart below) determined pursuant to the chart set forth below as of the Measurement Date. Sales Growth Rate For Performance Period Sales Growth Factor Sales Growth Achievement Percentage Less than 2.5%/year 1.0500 0 % 2.5%/year 1.0500 25 % 5.0%/year 1.1000 100 % 7.5%/year or Greater 1.1500 or Greater 200 % If the Company’s Sales Growth Factor during the Performance Period is between two achievement levels, the Sales Growth Achievement Percentage shall be determined by linear interpolation between the applicable achievement levels.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cubic Corp /De/)

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