Payout Performance definition

Payout Performance means Strike MINUS [the Performance of the Reference Item/the sum of the weighted Performances for each of the Reference Items/the [] highest Performance of any Reference Item] “Performance” means, in respect of [the/a] Reference Item and the specified final [averaging/valuation] date[s]/valuation period], the [average/highest/lowest] [level/price/rate/value] of such Reference Item [on such specified final [averaging/valuation] date[s]/on any valuation period date during such final valuation period] DIVIDED BY [[], being] the [average/highest/lowest] [initial price/level/price/rate/value] of such Reference Item [on the initial [averaging/valuation] date[s]/on any valuation period date during the initial valuation period], expressed as a percentage “Put Performance” means Strike MINUS [the Performance of the Reference Item/the sum of the weighted Performances for each of the Reference Items/the [] highest Performance of any Reference Item] “Relevant Principal Amount” (“RPA”) means the CA multiplied by []% multiplied by PFX “Barrier” = []% “Performance Floor” = [[]%/Zero] “PR” = [[]%/100%] “Strike” = [[]%/100%]]
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Examples of Payout Performance in a sentence

  • The portion of the Share Units in a Tranche that do not become Payout Share Units will be cancelled; that is, only the number of target share units that become Payout Share Units as a result of the Payout Performance Criteria adjustment will be eligible to be the basis of the settlement and payout of the Performance RSUs and related Dividend Equivalents in the Tranche in accordance with Sections 7 and 8.

  • For purposes of the Payout Performance Criteria, each Tranche relates to a given calendar year: the 1st Tranche (the one with a scheduled vesting date of the 1st anniversary of the Award Grant Date in February 2013) relates to 2012 and is sometimes referred to as the “2012 Tranche”; the 2nd Tranche relates in the same way to 2013 and is sometimes referred to as the “2013 Tranche”; etc.

  • The Purchaser shall have received at Closing a certificate signed on behalf of the Company by a duly authorized officer of Company and dated as of the Closing Date, certifying that the conditions set forth in Section 7.2(a), Section 7.2(b) and Section 7.2(c) have been satisfied.

  • For purposes of determining the level of achievement and/or the Adjusted EPS Payout Performance, if Adjusted EPS is achieved at a level between Threshold and Target or Target and Maximum, the level of performance will be determined based on a straight-line interpolation of the achievement levels and/or Adjusted EPS Payout Percentages between Threshold and Target and Target and Maximum, as applicable (rounded down to the nearest hundredth of a percent).