Common use of Spin-Off Clause in Contracts

Spin-Off. For a company that is spun-off during the PERFORMANCE PERIOD, such company shall be removed from the COMPARATOR GROUP (and thus not considered for measurement purposes); however, the parent company of such spun-off company shall be included for measurement purposes if such parent company remains in the COMPARATOR GROUP and remains at least 50% of such company’s pre-spin-off size as measured by revenues.

Spin-Off. For a company that is spun-off during the PERFORMANCE PERIODperformance period, such company shall be removed from the COMPARATOR GROUP INDEX (and thus not considered for measurement purposes); however, the parent company of such spunspin-off company shall be included for measurement purposes if such parent company remains in the COMPARATOR GROUP INDEX and remains at least 50% of such company’s its pre-spin-off size as measured by revenues.

Spin-Off. For a company that is spun-off during the PERFORMANCE PERIODPerformance Period, such company shall be removed from the COMPARATOR GROUP Comparison Group (and thus not considered for measurement purposes); however, the parent company of such spunspin-off company shall be included for measurement purposes if such parent company remains in the COMPARATOR GROUP and remains at least 50% of such company’s its pre-spin-off size as measured by revenues.