Example ContractsClausesExample 2
Example 2
Example 2 contract clause examples

Example 2 – Participant Performance was mixed with one goal below threshold and one above.

Example 2.If, as of the Valuation Date, the Company’s relative and absolute TSR with respect to the Performance Period are equal to the 60th percentile and 7% 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 2: If there are 814 Earned RSUs, and the Committee certifies the number of Earned RSUs on February 1, 2017, the Earned RSUs would vest and entitle Recipient to receive Shares, subject to continued employment, as follows.

Example 2. If no IPO occurs prior to May 18, 2023 and the Participant’s services with the Company have continued through such date, 100% of the Units shall be vested on May 18, 2023.

Example 2.If, as of the Valuation Date, the Company’s relative and absolute TSR with respect to the Performance Period are equal to the 60th percentile and 7% 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 2. The Unit Price for the month of December 2023 is as follows: (($9.16 [Unit Price for Contract Year 1] * 12/31 [proportion of days in December that are part of Contract Year 1]) + ($9.35 [Unit Price for Contract Year 2] * 19/31 [proportion of days in December that are part of Contract Year 2])) = $9.28/kW-month.

Example 2. The Unit Price for the month of December 2023 is as follows: (($9.16 [Unit Price for Contract Year 1] * 12/31 [proportion of days in December that are part of Contract Year 1]) + ($9.35 [Unit Price for Contract Year 2] * 19/31 [proportion of days in December that are part of Contract Year 2])) = $9.28/kW-month.

Example 2. The Unit Price for the month of December 2023 is as follows: (($9.16 [Unit Price for Contract Year 1] * 12/31 [proportion of days in December that are part of Contract Year 1]) + ($9.35 [Unit Price for Contract Year 2] * 19/31 [proportion of days in December that are part of Contract Year 2])) = $9.28/kW-month.

Example 2. The Unit Price for the month of December 2023 is as follows: (($9.16 [Unit Price for Contract Year 1] * 12/31 [proportion of days in December that are part of Contract Year 1]) + ($9.35 [Unit Price for Contract Year 2] * 19/31 [proportion of days in December that are part of Contract Year 2])) = $9.28/kW-month.

Example 2 – Participant Performance was mixed with one goal below threshold and one above.

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