Upper Bound definition
Examples of Upper Bound in a sentence
Component one of the Hosting Fees shall be the Hosting Services charge, which will be calculated based on the wholesale power cost less the credits issued of the Ercot 4CP/CLR program, based on actual customer usage numbers with no minimum but shall in not case exceed the ceiling of USD $[***] cents (“$[***] Upper Bound Limit”) for power costs.
Deviation Lower Bound Upper Bound 95% Confidence Interval N Mean Std.
Upper Bound % 39.5% Mitigation Factor 90.4% As the project progresses and detailed designs are developed, the level of optimism bias applied to the preferred solution will be reviewed and considered against the level of quantified risk that can be established.
The Lower Bound target and the Upper Bound target shall be at the same distance from the Performance Target.
A Tighter Upper Bound for MBP The general upper bound proven in Theorem 1 above is unfortunately not tight.
If the Upper Bound EBITDA target is achieved at the end of a specified fiscal year and the Participant remains continuously employed by the Company or its Subsidiaries through the end of such fiscal year, the Option will vest with respect to 20% of the Shares subject to the Option.
To determine whether such unvested portion of the Option will vest on a “catch up” basis, at the end of FY09, FY10, FY11 or FY12, the applicable Cumulative Lower Bound and the Cumulative Upper Bound will be substituted for the Lower Bound and Upper Bound for all prior fiscal years.
The applicable Eligible Recipient and Supplier will establish an Upper Bound and Lower Bound for each Operating Metric in accordance with the method provided in below table, unless otherwise agreed by such Eligible Recipient and Supplier.
If the Lower Bound EBITDA target is achieved at the end of a specified fiscal year, but the Upper Bound EBITDA is not achieved, and the Participant remains continuously employed by the Company or its Subsidiaries through the end of such fiscal year, then, subject to paragraph 5 below, the Option will vest and become exercisable with respect to 10% of the Shares subject to the Option.
In the event that actual EBITDA of a specified fiscal year falls between the Lower Bound and Upper Bound EBITDA targets for such fiscal year and the Participant remains continuously employed by the Company or its Subsidiaries through the end of such fiscal year, the percentage of Shares subject to the Option that shall vest at the end of such fiscal year will be determined based on a straight-line interpolation calculation between the percentages described in paragraphs 3 and 4 above.