Service and Other Revenue (SOR) Metric Sample Clauses

Service and Other Revenue (SOR) Metric. (A) The percentage of the Target Number of SOR PSUs that shall become eligible to vest will be based on Verizon’s SOR (as defined below) for the Award Cycle. Notwithstanding paragraph 5(c), no portion of the Target Number of SOR PSUs shall become eligible to vest unless the Committee determines that Verizon’s SOR for the Award Cycle is greater than or equal to $XXX.XB. If the Committee determines that Xxxxxxx’s SOR for the Award Cycle is greater than or equal to $XXX.XB, the percentage of the Target Number of SOR PSUs that shall become eligible to vest (plus any additional PSUs added with respect to DEUs credited on the Target Number of SOR PSUs over the Award Cycle) will equal the Verizon SOR Vested Percentage (as defined below).
Sample 1
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Service and Other Revenue (SOR) Metric. (A) The percentage of the Target Number of SOR PSUs that shall become eligible to vest will be based on Verizon’s SOR (as defined below) for the three-year period beginning January 1, 2022 and ending at the close of business on December 31, 2024 (the “Award Cycle”). Notwithstanding paragraph 5(c), no portion of the Target Number of SOR PSUs shall become eligible to vest unless the Committee determines that Verizon’s SOR for the Award Cycle is greater than or equal to $XXX.XB. If the Committee determines that Xxxxxxx’s SOR for the Award Cycle is greater than or equal to $XXX.XB, the percentage of the Target Number of SOR PSUs that shall become eligible to vest (plus any additional PSUs added with respect to DEUs credited on the Target Number of SOR PSUs over the Award Cycle) will equal the Verizon SOR Vested Percentage (as defined below). For example, if (a) the Participant is granted 1,000 PSUs, and (b) those PSUs are credited with an additional 200 PSUs as a result of DEUs paid over the Award Cycle, and (c) the Verizon SOR Vested Percentage is 125%, 500 PSUs shall become eligible to vest based on SOR (which is the 1,000 PSUs + 200 PSUs from DEUs, times 1/3 to reflect the portion of the total PSUs that will become eligible to vest with reference to SOR, times the Verizon SOR Vested Percentage of 125%).
Sample 1

Related to Service and Other Revenue (SOR) Metric

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