Common use of Target Clause in Contracts

Target. If, upon the conclusion of a Nested Period, RTSR for the Nested Period equals the target level, as set forth in the Performance Matrix, 100% will be the Payout Percentage for such Nested Period.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.), Performance Based Restricted Share Unit Agreement (Metallus Inc.)

Target. If, upon the conclusion of a Nested Period, RTSR for the Nested Period equals the target level, as set forth in the Performance MatrixMatrices, 100% will be the Payout Percentage for such Nested Period.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)