Unit Multiplier definition

Unit Multiplier or “UM” means the variable amount periodically set by the Trustees, based on demographic and financial factors, and used in the determination of the Monthly Benefit Level of an Eligible Retiree, as set forth in Section 3.2(a). The Trustees may adjust the UM from time to time.
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Examples of Unit Multiplier in a sentence

  • The amount of the Unit Multiplier will be based on the percentage change in the average of the closing PBI stock price over the first 10 trading days of the first year and the average of the closing PBI stock price over the last 10 trading days of the year ending immediately preceding the vest date.

  • Below is an overview of how the Unit Multipliers for each performance year of your SCIU award will be calculated: • First Vesting (after 2024 calendar year): The percentage change in the average of the closing PBI stock price of the first 10 trading days of year one versus the average of the closing PBI stock price of the last 10 trading days of year one (limited by the 75% minimum and 150% maximum Unit Multiplier thresholds).

  • Except as provided below, to the extent the Committee determines that the SCIUs will become vested for that year, the number of SCIUs that will vest will equal the total number of SCIUs vesting for that year in the Cycle multiplied by the Unit Multiplier as determined by the Committee.

  • Subject to the terms of the Performance Unit Agreement, the number of shares will be determined by multiplying (1) the Target Units for this Performance Measure, by (2) the applicable Unit Multiplier.

  • The Distributable Cash Flow per Unit Multiplier between the DCF/unit thresholds in the above table will be calculated on a linear basis.