Performance Delta definition
Performance Delta shall be equal to the difference between (A)(i)the Company Share Price Appreciation divided by (ii) the Beginning Company Share Price and (B)(iii)the Index Share Price Appreciation divided by (iv) the Beginning Index Share Price, with such difference expressed as a percentage.
Performance Delta shall be equal to the difference between (A)(i)the Company Share Price Appreciation divided by (ii) the Beginning Company Share Price, expressed as a percentage and (B)(iii)the Index Share Price Appreciation divided by (iv) the Beginning Index Share Price, expressed as a percentage. The number of Target Restricted Stock Units that vest pursuant to Section 2(a) of the Agreement and this Schedule I-C shall be determined by the achievement of the metrics as shown in the chart below during the 3-year period commencing January 1, 2019 and ending December 31, 2021 (the “Third Performance Period”). Such Vested RSUs, if any, will be settled in accordance with Section 4 of the Agreement. Per the chart above, the number of Target Restricted Stock Units earned is based on both the Performance Delta and whether the Company Share Price Appreciation is positive or negative. The achievement of the performance criteria shall be determined by the Committee after the conclusion of the Third Performance Period, but no later than March 15, 2022. If the Company Share Price Appreciation is positive, then the number of Target Restricted Stock Units granted in Section 1 of the Agreement shall be multiplied by the percentage in the column of the chart labeled “Positive Share Price Appreciation” based on the Performance Delta to determine the number of earned Restricted Stock Units (if any); if the Company Share Price Appreciation is negative, then the number of Target Restricted Stock Units granted in Section 1 of the Agreement shall be multiplied by the percentage in the column of the chart labeled “Negative Share Price Appreciation” based on the Performance Delta to determine the number of earned Restricted Stock Units (if any). In determining the level of performance achieved and the number of Restricted Stock Units earned, the Committee will interpolate between the points on the above chart and shall have the discretion to adjust the number of Restricted Stock Units earned upward or downward, but in no event shall more than 200% of the Target Restricted Stock Units be earned.
Examples of Performance Delta in a sentence
Following the end of each Measurement Period, but in no event later than sixty (60) days following the end of such Measurement Period (each such date, a “Vesting Date”), the Performance Delta for such Measurement Period shall be determined and the results for each Measurement Period shall be weighted 20%.
Per the chart above, the number of Target Restricted Stock Units earned is based on both the Performance Delta and whether the Company Share Price Appreciation is positive or negative.
Per the chart above, the number of Target Phantom Shares earned (if any) is based on the Performance Delta.