Vesting Percentage. The TUR Vesting Percentage for the Year 1 Annual Tranche shall be determined based on where the Partnership’s TUR during the Year 1 TUR Period falls within the following ranges: Partnership TUR Position TUR Vesting Percentage for Year 1 Annual Tranche 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% If the Partnership’s TUR is the highest achieved in the 1st Quartile 200% Notwithstanding the foregoing, the Committee has full discretion to apply a TUR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.
Appears in 3 contracts
Samples: Performance Cash Award Agreement (NuStar Energy L.P.), Performance Cash Award Agreement (NuStar Energy L.P.), Performance Cash Award Agreement (NuStar Energy L.P.)
Vesting Percentage. The TUR Vesting Percentage for the Year 1 Annual Tranche shall be determined based on where the Partnership’s TUR during the Year 1 TUR Period falls within the following ranges: Partnership TUR Position TUR Vesting Percentage for Year forYear 1 Annual Tranche 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% If the Partnership’s TUR is the highest achieved in the 1st Quartile 200% Notwithstanding the foregoing, the Committee has full discretion to apply a TUR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.
Appears in 1 contract
Samples: Performance Unit Award Agreement (NuStar Energy L.P.)
