Prorated Allocation definition

Prorated Allocation means assigning a multiplier that is equal to the sum of (A) the applicable lower percentage limit and (B) the product of (1) the difference between the applicable lower and upper percentage limits and (2) a percentage that is equal to the Company’s TSR, Revenue CAGR or ROIC (each as defined below), as applicable, as divided by the difference between the applicable lower and upper goal limits. (B). Part I. Revenue CAGR Multiplier. “Revenue CAGR Multiplier” shall be determined by the Committee as follows: Revenue Growth Goal Revenue CAGR Multiplier the Company’s Revenue CAGR is < Revenue CAGR Threshold 0% the Company’s Revenue CAGR is = Revenue CAGR Threshold 50% the Company’s Revenue CAGR is > Revenue CAGR Threshold and < Revenue CAGR Target Prorated Allocation within >50% and < 100%7 the Company’s Revenue CAGR is = Revenue CAGR Target 100% the Company’s Revenue CAGR is > Revenue CAGR Target and < Revenue CAGR Max Prorated Allocation within >100% and < 200%8 the Company’s Revenue CAGR is >= Revenue CAGR Max 200% “Revenue CAGR” means, as certified by the Committee, the Company’s compound annual growth rate for the Measurement Period, calculated pursuant to GAAP based on the Company’s performance during the Measurement Period. “Revenue CAGR Threshold” means the threshold Revenue CAGR goal determined by the Committee for the Measurement Period. Pursuant to the foregoing, as of the Award Date, the Revenue CAGR Threshold has been determined by the Committee to be 5%. “Revenue CAGR Target” means the target Revenue CAGR goal determined by the Committee for the Measurement Period. Pursuant to the foregoing, as of the Award Date, the Revenue CAGR Target has been determined by the Committee to be 8%. “Revenue CAGR Max” means the aspirational Revenue CAGR goal determined by the Committee for the Measurement Period. Pursuant to the foregoing, as of the Award Date, the Revenue CAGR Max has been determined by the Committee to be 12%.
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Prorated Allocation means assigning a multiplier that is equal to the sum of (A) the applicable lower percentage limit and (B) the product of (1) the difference between the applicable lower and upper percentage limits and (2) a percentage that is equal to the Company’s TSR, Revenue CAGR or ROIC (each as defined below), as applicable, as divided by the difference between the applicable lower and upper goal limits. (B). Part I. Fair Value Multiplier. “Fair Value Multiplier” shall be determined by the Committee on or prior to the Award Date, based on (i) the fair value, calculated pursuant to the then-current U.S. generally accepted accounting principles (“GAAP”), of the Targeted Shares as of the Award Date as if the TSR Multiplier as described below is applying to the Targeted Shares during the Measurement Period, as divided by (ii) the fair value, calculated pursuant to GAAP, of the Targeted Shares as of the Award Date as adjusted by the Revenue CAGR Multiplier and the ROIC Multiplier as described below (where each of the Revenue CAGR Multiplier and the ROIC Multiplier is applying to 50% of the Targeted Shares during the Measurement Period); provided, however, that the Fair Value Multiplier shall not be less than 80% nor greater than 120%. Without limiting the generality of the foregoing, when calculating the fair value of the Targeted Shares under (i) and (ii) of this Section (B). Part I, the Committee may use a Monte Carlo model with the Company’s TSR, Revenue CAGR or ROIC (each as defined below) performance as of the Award Date, as applicable, as a data input. Pursuant to the foregoing, as of the Award Date, the Fair Value Multiplier has been determined by the Committee to be 101.5%.
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Related to Prorated Allocation

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • Final Allocation has the meaning set forth in Section 2.3.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.