Example ContractsClausesebitda performance componentVariants
Remove:

If the percentage of Target Performance Shares earned based on Relative TSR is less than 10%, then the final number of Performance Shares earned under Component II will be 10% of the Target Performance Shares (and in no event shall the total awarded Target Performance Shares for the sum of Component I and Component II be less than 40%).

Source document

If the percentagesum of the percentages of Target Performance Shares earned based on Relative TSRunder Component I is less than 10%30%, then the final number of Performance Shares earned under Component III will be 10%30% of the Target Performance Shares (and in no event shall the total awarded Target Performance Shares for the sum of Component I and Component II (defined below) be less than 40%).

Source document
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.