Common use of Adjustment of Number of Performance Units Clause in Contracts

Adjustment of Number of Performance Units. The number of Performance Units awarded to you pursuant to Section 2 shall be adjusted based on the achievement of the Performance Goal. On or before March 17, 2014, the Committee will determine whether the minimum RONOA has been met for the Performance Period. If so, the RONOA adjustment multiple will be calculated based on RONOA results for the Performance Period and the table in Section 3.2. The number of Performance Units granted pursuant to Section 2 will be multiplied by the RONOA adjustment multiple achieved, and the result shall be the final number of Performance Units awarded under this Agreement. All calculations shall be rounded down to the nearest whole Performance Unit; no fractional Performance Units shall be awarded.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Bz Intermediate Holdings LLC)

Adjustment of Number of Performance Units. The number of Performance Units awarded to you pursuant to Section 2 shall be adjusted based on the achievement of the Performance Goal. On or before March 1716, 20142015, the Committee will determine whether the minimum RONOA has been met for the Performance Period. If so, the RONOA adjustment multiple will be calculated based on RONOA results for the Performance Period Period, rounded to the nearest tenth of a percent, and the table in Section 3.2. The number of Performance Units granted pursuant to Section 2 will be multiplied by the RONOA adjustment multiple achieved, rounded to the nearest tenth of a percent, and the result shall be the final number of Performance Units awarded under this Agreement. All calculations shall be rounded down to the nearest whole Performance Unit; no fractional Performance Units shall be awarded.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Bz Intermediate Holdings LLC)

Adjustment of Number of Performance Units. The number of Performance Units awarded to you pursuant to Section 2 shall be adjusted based on the achievement of the Performance Goal. On or before March 1715, 20142013, the Committee will determine whether the minimum RONOA has been met for the Performance Period. If so, the RONOA adjustment multiple will be calculated based on RONOA results for the Performance Period and the table in Section 3.2. The number of Performance Units granted pursuant to Section 2 will be multiplied by the RONOA adjustment multiple achieved, and the result shall be the final number of Performance Units awarded under this Agreement. All calculations shall be rounded down to the nearest whole Performance Unit; no fractional Performance Units shall be awarded.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Bz Intermediate Holdings LLC)