Growth Factor definition
Examples of Growth Factor in a sentence
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.
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.
The Salary Cap for each Salary Cap Year thereafter during the term of this Agreement shall be calculated as follows: add twelve thousand dollars ($12,000) to the Salary Cap for the immediately preceding Salary Cap Year, increase the total by the Growth Factor applicable to the Salary Cap Year for which the Salary Cap is being calculated (as defined in Section 1(e) below), and subtract twelve thousand dollars ($12,000).
The Guarantee Level for each Salary Cap Year thereafter during the term of this Agreement shall be calculated as follows: add twelve thousand dollars ($12,000) to the Guarantee Level for the immediately preceding Salary Cap Year, increase the total by the Growth Factor applicable to the Salary Cap Year for which the Guarantee Level is being calculated (as defined in Section 1(e) below), and subtract twelve thousand dollars ($12,000).
After application of the Growth Factor, the result shall be rounded to the nearest hundred dollars.