Common use of Stretch Level Clause in Contracts

Stretch Level. All of the Restricted Stock Units shall be earned and eligible to vest if the combined Operating Income for the Company for 2015 and 2016 is equal to or greater than $________, with such number of Restricted Stock Units vesting in three equal annual installments on February 15, 2017 (or if later, the date of the Compensation Committee Certification), February 15, 2018 and February 15, 2019, with the first two installments rounded up or down to the nearest whole share and the third installment including the remaining shares.

Stretch Level. All of the Restricted Stock Units shall be earned and eligible to vest if the combined Operating Income for the Company for 2015 2016 and 2016 2017 is equal to or greater than $________, with such number of Restricted Stock Units vesting in three equal annual installments on February 15, 2017 2018 (or if later, the date of the Compensation Committee Certification), February 15, 2018 2019 and February 15, 20192020, with the first two installments rounded up or down to the nearest whole share and the third installment including the remaining shares.

Stretch Level. All of the Restricted Stock Units shall be earned and eligible to vest if the combined Operating Income for the Company for 2015 2016 and 2016 2017 is equal to or greater than $___________, with such number of Restricted Stock Units vesting in three equal annual installments on February 15, 2017 2018 (or if later, the date of the Compensation Committee Certification), February 15, 2018 2019 and February 15, 20192020, with the first two installments rounded up or down to the nearest whole share and the third installment including the remaining shares.