RANCE definition

RANCE means the Company’s cumulative NOPAT for the Performance Period divided by the Company’s Average NCE, which quotient is then divided by 3 (or such other appropriate divisor if necessary pursuant to Section 5).
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Examples of RANCE in a sentence

  • Unless the context clearly requires to the contrary, references in this Agreement to Sections mean the sections of this Agreement; references to the singular include the plural, and vice versa; and references to Awards, Relative TSR Performance Share Units, RANCE Performance Share Units or Performance Share Units mean the Awards, Relative TSR Performance Share Units, RANCE Performance Share Units or Performance Share Units subject to this Agreement.

  • If the Company has no positive Net Income for the Performance Period, then the Participant’s rights to earn any RANCE Performance Share Units shall lapse and be forfeited on the Last Day of the Performance Period.

  • Deposit shall be in the form of a cashier’s check or cash.) ddress: ATE: ENT: Facsimile: GENT SELECTED BY (CHECK ONE): BUYER RANCE COMPANY: $ 00, whichever is greater.

  • Unless the context clearly requires to the contrary, references in this Agreement to Sections mean the sections of this Agreement; references to the singular include the plural, and vice 7 versa; and references to Awards, Relative TSR Performance Share Units, RANCE Performance Share Units or Performance Share Units mean the Awards, Relative TSR Performance Share Units, RANCE Performance Share Units or Performance Share Units subject to this Agreement.