Stretch Level definition

Stretch Level with respect to a fiscal year means the amount established by the Committee as the Stretch Level of the specified performance measure(s) with respect to such fiscal year pursuant to Section 4 hereof.
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Stretch Level means, with respect to a Performance Period, the percentage established by the Committee to be the Stretch Level of the applicable Performance Measure with respect to such Performance Period pursuant to Section 3.1.
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Examples of Stretch Level in a sentence

  • A TBV+D Growth Rate in excess of the Stretch Level will not result in an increase in the Award Percentage.

  • If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above.

  • If the performance level is at an intermediate point between the Threshold Level and the Target Level, or between the Target Level and the Stretch Level, the amount of the Annual Bonus shall be linearly interpolated between the percent of the Base Salary used to calculate the Annual Bonus at such levels.

  • If the TBV+D Growth Rate exceeds the Threshold Level but not the Target Level, or exceeds the Target Level but not the Stretch Level, then the Award Percentage earned will be interpolated by the Committee from the table above.

  • If the Company’s ▇▇▇ during the Measurement Period exceeds the ▇▇▇ Target Level but is below the ▇▇▇ Stretch Level, Participant will be entitled to receive an additional number of fully vested Shares, interpolated between 1-100% of the number of ▇▇▇ Performance Shares, based on the level of ▇▇▇ performance achieved.

  • If the Company’s Adjusted EBITDA during the Measurement Period exceeds the Adjusted EBITDA Target Level but is below the Adjusted EBITDA Stretch Level, Participant will be entitled to receive an additional number of fully vested Shares, interpolated between 1-100% of the number of Adjusted EBITDA Performance Shares, based on the level of Adjusted EBITDA performance achieved.

  • If the Company’s Working Capital during the applicable Measurement Period exceeds the Working Capital Target Level but is below the Working Capital Stretch Level, Participant will be entitled to receive an additional number of fully vested Shares, interpolated between 1-99% of the number of Working Capital Performance Shares, based on the level of Working Capital performance achieved.

  • If the Company’s Adjusted EBITDA during the applicable Measurement Period exceeds the Adjusted EBITDA Target Level but is below the Adjusted EBITDA Stretch Level, Participant will be entitled to receive an additional number of fully vested Shares, interpolated between 1-99% of the number of Adjusted EBITDA Performance Shares, based on the level of Adjusted EBITDA performance achieved.

  • Floor Level and Full Stretch Level for any fiscal year shall be determined by the Committee in accordance with the terms of the Company’s Bonus Program.

  • In no event will the final payout exceed the Stretch Level, regardless of Company performance.

Related to Stretch Level

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Base Level means the following amounts plus the percentage