Achievement Factor definition
Examples of Achievement Factor in a sentence
The TSR Modifier will reduce the Achievement Factor by 10 percentage points if the Company ranks in the bottom quartile.
If the Company in the bottom quartile, the Achievement Factor will be reduced by 15 percentage points.
If the Company is in the top quartile, the Achievement Factor will be increased by 15 percentage points.
The number of shares of Stock to be issued in respect of the PSUs that vest shall be determined by the Administrator by multiplying the number of PSUs times the Average Achievement Factor (as defined in Exhibit A).
For the avoidance of doubt, in the event the Average Achievement Factor equals zero, no shares of Stock will be issued in respect of the PSUs and all PSUs shall terminate for no consideration on the Determination Date (as defined in Exhibit A).