Percentage Earned definition
Examples of Percentage Earned in a sentence
After the expiration of the Performance Period, the Target Units and the relevant accrued number of Dividend Equivalents shall be collectively adjusted based on the Percentage Earned and rounded to six decimal places.
The number of Performance Units that become Earned Performance Units is determined based on the Company’s Achievement Price, as follows: Below Threshold <US$81.32 0% Threshold US$81.32 50% Target US$97.87 100% Maximum US$122.23 200% *Achievement Price between listed Performance Levels will be based on linear interpolation to determine the Percentage Earned.
The number of Performance Units earned, if any, (the “Earned Performance Units”) will be based on the Percentage Earned, as set forth on Schedule 1.
The Percentage Earned shall be calculated rounded to six decimal places.
The number of Performance Units earned at the end of the Performance Period, if any, (the “Earned Performance Units”) will be based on the Percentage Earned, as set forth on Schedule 1.
The Earned Performance Units will vest on the Vesting Date and will settle in accordance with the section below entitled, “Settlement of Earned Performance Units”, subject to the Percentage Earned being not less than 50% and subject to your continued Service through the Vesting Date and to the Sections below entitled “Determination of Number of Earned Performance Units” and “Termination” below.
The “Percentage Earned” is determined as follows, except that the Percentage Earned will be capped at 100% if RBI’s TSR is negative (i.e., less than zero), regardless of the Performance Level achieved.