Examples of Target Number in a sentence
The number of Units that become eligible to vest as of the Change in Control shall be the number of Units that would have vested based on actual achievement of the Performance Goals for the period beginning on the first day of the Performance Period and ending on the date of the Change in Control as determined by the Committee or, if greater, the Target Number of Units (the Units that become eligible hereunder, if any, the “Eligible Units”).
Xxxx Xxxxxxx Date of Grant: March 1, 2024 Total Target Number of Performance-Based Stock Units: 68,750 This PSU Inducement Award Agreement, dated as of March 1, 2024 (the “Grant Date”), is made by and between International Flavors & Fragrances Inc., a New York Corporation, including its affiliates (the “Company”) and Xxxx Xxxxxxx (the “Participant”) as a material inducement for the Participant to accept an offer of employment with the Company.
Subject to the Grantee’s continued Employment by the Company or any of its Affiliates through December 31, 2024, 15% of the Target Number of PSUs shall become Banked Units, subject to adjustment based upon the Company’s Total Stockholder Return (as defined below) relative to the Total Stockholder Return of the Comparator Group (as defined below) from January 1, 2024 until December 31, 2024 in accordance with the Relative Total Stockholder Return Table in Schedule A.