Example ContractsClausesbetween target and maximumVariants
Between Target and Maximum
Between Target and Maximum contract clause examples

The Performance Units that are granted hereby shall be subject to the Forfeiture Restrictions. If the Company achieves Target performance for either Stock Price Achievement or AEBITDA in any one of the 2020, 2021 or 2022 Performance Periods then the Forfeiture Restrictions on the Target Units shall lapse at the end of such year. If the Company achieves Maximum performance for either Stock Price Achievement or AEBITDA in any one of the 20202, 2021 or 2022 Performance Periods than the Forfeiture Restrictions shall lapse at the end of such year on the Maximum Units. If at the end of the Performance Award Period, the Forfeiture Restrictions have not lapsed in accordance with the foregoing, but the Company has achieved Threshold performance for either the Stock Price Achievement or Aggregate AEBITDA for the Performance Award Period (or the higher of the two if Threshold has been hit for both), then the Forfeiture Restrictions shall lapse for that number of Performance Units determined by interpolating performance between Threshold and Target for the measure, with the Forfeiture Restrictions lapsing on the Threshold Units at Threshold performance and the Forfeiture Restrictions lapsing on 100% of the Target Units at Target performance. If at the end of the Performance Award Period, the Forfeiture Restrictions have not lapsed on the Maximum Units, but the Company has achieved Target Performance for either the Stock Price Achievement in 2022 or Aggregate AEBITDA for Performance Periods 2020-2022 (or the higher of the two if Target has been hit for both), then the Forfeiture Restrictions shall lapse for that number of Performance Units determined by interpolating performance between Target and Maximum for the Measure, with the Forfeiture Restrictions lapsing on the Target Units at Target Performance and the Forfeiture Restrictions lapsing on the Maximum Units at Maximum performance.

Source document

The Performance Units that are granted hereby shall be subject to the Forfeiture Restrictions. If the Company achieves Maximum performance for either Stock Price Achievement or AEBITDA in any one of the 2020, 2021 or 2022 Performance Periods then the Forfeiture Restrictions shall lapse at the end of such year. If at the end of the Performance Award Period, the Forfeiture Restrictions have not lapsed, but the Company has achieved Target Performance for either the Stock Price Achievement in 2022 or Aggregate AEBITDA for Performance Periods 2020-2022 (or the higher of the two if Target has been hit for both), then the Forfeiture Restrictions shall lapse for that number of Performance Units determined by interpolating performance between Target and Maximum for the measure, with the Forfeiture Restrictions lapsing on 0% of the Performance Units at Target performance and the Forfeiture Restrictions lapsing on 100% of the Performance Units at Maximum performance.

Source document

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