Example ContractsClausesExample 1
Example 1
Example 1 contract clause examples

Example 1. The Unit Price for the month of December 2022 is as follows: (($0 [no Transmission Service Payment prior to Contract Year 1] * 12/31 [proportion of days in December 2022 that are prior to Contract Year 1]) + ($9.16 [Unit Price for Contract Year 1] * 19/31 [proportion of days in December that are part of Contract Year 1])) = $5.61/kW-month.

Example 1.If, as of the Valuation Date, the Company’s relative and absolute TSR with respect to the Performance Period are equal to the 50th percentile and 4% CAGR, respectively, then the number of Performance Shares that vest and become payable hereunder shall be the target number of shares granted, multiplied by the percentage earned under the relative TSR Performance Share program, further multiplied by the absolute TSR modifier percentage, equaling ________ shares.

Example 1: If the 2017 Pro Forma EPS is $7.26, the percentage of Earned RSUs would be 80.0% plus an additional percentage calculated as follows: (a) the amount by which 2017 Pro Forma EPS exceeds the highest applicable EPS Threshold multiplied by (b) a fraction, (i) the numerator of which is 5.0% and the (ii) denominator of which is the difference between the highest applicable EPS Threshold and the next-highest EPS Threshold that was exceeded (in this example, $7.86 - $7.03 = $0.83): $0.23 (5.0%/$0.83) = 1.4% The resulting percentage of Earned RSUs correlating to an EPS of $7.26 would be 81.4%. If the Award were 1,000 RSUs, the number of Earned RSUs would be 81.4% of 1,000, or 814 RSUs. The number of forfeited RSUs would be 1,000 minus 814, or 186. The Earned RSUs would be subject to the vesting according to the schedule specified in Section 1.2(b) of this Agreement.

Example 1. If an IPO occurs on June 4, 2022, 2/3 of the Units shall be vested upon the consummation of the IPO and the remaining 1/3 of the Units shall be vested on May 18, 2023, subject to the Participant’s continued services through each applicable vesting date.

Example 1. The Unit Price for the month of December 2022 is as follows: (($0 [no Transmission Service Payment prior to Contract Year 1] * 12/31 [proportion of days in December 2022 that are prior to Contract Year 1]) + ($9.16 [Unit Price for Contract Year 1] * 19/31 [proportion of days in December that are part of Contract Year 1])) = $5.61/kW-month.

Example 1 – Participant Performance was mixed but above threshold for both goals.

Example 1 – Participant Performance was mixed but above threshold for both goals.

Example 1. The Unit Price for the month of December 2022 is as follows: (($0 [no Transmission Service Payment prior to Contract Year 1] * 12/31 [proportion of days in December 2022 that are prior to Contract Year 1]) + ($9.16 [Unit Price for Contract Year 1] * 19/31 [proportion of days in December that are part of Contract Year 1])) = $5.61/kW-month.

Example 1.If, as of the Valuation Date, the Company’s relative and absolute TSR with respect to the Performance Period are equal to the 50th percentile and 4% CAGR, respectively, then the number of Performance Shares that vest and become payable hereunder shall be the target number of shares granted, multiplied by the percentage earned under the relative TSR Performance Share program, further multiplied by the absolute TSR modifier percentage, equaling ________shares.

Example 1. The Unit Price for the month of December 2022 is as follows: (($0 [no Transmission Service Payment prior to Contract Year 1] * 12/31 [proportion of days in December 2022 that are prior to Contract Year 1]) + ($9.16 [Unit Price for Contract Year 1]

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