Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycle, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. Achievement Percentage 50% 100% 200% Achievement Percentage 50% 100% 200% The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · If the actual EPS Performance Level Achieved for each of 2012 and 2013 was $____ and $_____, respectively, the corresponding Achievement Percentages for each of 2012 and 2013 would be _____% and ______%, respectively. · Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or ______%. · As a result, the Performance Units earned would equal _____ multiplied by ______%, or _______ Performance Units. · Of the ______ Performance Units earned, the Participant would be entitled to receive (a) $_______ (calculated by multiplying ______ Performance Units by $_____ and multiplying the product by 50%), and (b) $_______ (calculated by multiplying _______ Performance Units by $1.00 and multiplying the product by 50%, then, dividing by $________, the Fair Market Value of the Company's Common Stock as of the Date of Grant, and then, multiplying by $______, the Fair Market Value of the Company's Common Stock as of the end of the Performance Cycle). For purposes of this example, we are assuming a Fair Market Value of $_______ as of the end of the Performance Cycle.
Appears in 1 contract
Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)
Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycleon June 30, 2011, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. Achievement Percentage 5050 % 100100 % 200200 % Achievement Percentage 5050 % 100100 % 200200 % Achievement Percentage 50 % 100 % 200 % The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · • If the actual EPS Performance Level Achieved for each of 2012 2009, 2010 and 2013 2011 was $$ ____ and $, $ ___and $ ___, respectively, the corresponding Achievement Percentages for each of 2012 2009, 2010 and 2013 2011 would be ___%, ___% and ______%, respectively. · • Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or ______%. · • As a result, the Performance Units earned would equal _____ multiplied by ______%, or _______ Performance Units. · • Of the ______ Performance Units earned, the Participant would be entitled to receive (a) $_______ 50% in cash, or $ (calculated by multiplying ______ Performance Units by $_____ 1.00 and multiplying the product by 50%), and (b) $_______ 50% in shares of Common Stock, or shares (calculated by multiplying _______ Performance Units by $1.00 and multiplying the product by 50%, then, dividing by $________1.9201, the Fair Market Value of the Company's ’s Common Stock as on the date of the Date of Grant, and then, multiplying by $______, the Fair Market Value of the Company's Common Stock as of the end of the Performance Cycle). For purposes of this example, we are assuming grant) with a Fair Market Value of $_______ as of the end of the Performance Cyclecash settlement to be made for any fractional shares.
Appears in 1 contract
Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)
Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycleon June 30, 2012, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. Achievement Percentage 5050 % 100100 % 200200 % Achievement Percentage 5050 % 100100 % 200200 % Achievement Percentage 50 % 100 % 200 % The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · • If the actual EPS Performance Level Achieved for each of 2010, 2011 and 2012 was $ , $ and 2013 was $____ and $_____$ , respectively, the corresponding Achievement Percentages for each of 2010, 2011 and 2012 and 2013 would be _____%, % and ______%, respectively. · • Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or ______%. · • As a result, the Performance Units earned would equal _____ «Unit_1» multiplied by ______%, or _______ «Unit_2» Performance Units. · • Of the ______ «Unit_3» Performance Units earned, the Participant would be entitled to receive (a) 50% in cash, or $_______ «Unit_4» (calculated by multiplying ______ «Unit_5» Performance Units by $_____ 1.00 and multiplying the product by 50%), and (b) $_______ 50% in shares of Common Stock, or «Unit_6» shares (calculated by multiplying _______ «Unit_7» Performance Units by $1.00 and multiplying the product by 50%, then, dividing by $________«Unit_8», the Fair Market Value of the Company's ’s Common Stock as on the date of the Date of Grant, and then, multiplying by $______, the Fair Market Value of the Company's Common Stock as of the end of the Performance Cycle). For purposes of this example, we are assuming grant) with a Fair Market Value of $_______ as of the end of the Performance Cyclecash settlement to be made for any fractional shares.
Appears in 1 contract
Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)
Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycleon June 30, 2013, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. 2011 $ $ $ Achievement Percentage 5050 % 100100 % 200200 % 2012 $ $ $ Achievement Percentage 5050 % 100100 % 200200 % 2013 $ $ $ Achievement Percentage 50 % 100 % 200 % The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · • If the actual EPS Performance Level Achieved for each of 2011, 2012 and 2013 was $_____, $_____ and $_____, respectively, the corresponding Achievement Percentages for each of 2011, 2012 and 2013 would be _____%, _____% and ______%, respectively. · • Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or ______%. · • As a result, the Performance Units earned would equal _____ multiplied by ______%, or _______ Performance Units. · • Of the ______ Performance Units earned, the Participant would be entitled to receive (a) $_______ $ (calculated by multiplying ______ Performance Units by $_____ 1.00 and multiplying the product by 50%), and (b) $_______ $ (calculated by multiplying _______ Performance Units by $1.00 and multiplying the product by 50%, then, dividing by $________$ , the Fair Market Value of the Company's ’s Common Stock as on the date of the Date of Grantgrant, and then, multiplying by $______$ , the Fair Market Value of the Company's ’s Common Stock as on the date of the end of the Performance Cyclepayment). For purposes of this example, we are assuming a Fair Market Value of $_______ as $ on the date of the end of the Performance Cyclepayment.
Appears in 1 contract
Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)
Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycle, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. Achievement Percentage 50% 100% 200% Achievement Percentage 50% 100% 200% The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · If the actual EPS Performance Level Achieved for each of 2012 2013 and 2013 2014 was $____ and $_____, respectively, the corresponding Achievement Percentages for each of 2012 2013 and 2013 2014 would be ______% and ______%, respectively. · Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or _______%. · As a result, the Performance Units earned would equal _______ multiplied by ______%, or _______ Performance Units. · Of the ______ Performance Units earned, the Participant would be entitled to receive (a) $_______ (calculated by multiplying ______ Performance Units by $_____ and multiplying the product by 50%), and (b) $_______ (calculated by multiplying _______ Performance Units by $1.00 _____ and multiplying the product by 50%, then, dividing by $________, the Fair Market Value of the Company's Common Stock as of the Date of Grant, and then, multiplying by $______, the Fair Market Value of the Company's Common Stock as of the end of the Performance Cycle). For purposes of this example, we are assuming a Fair Market Value of $_______ as of the end of the Performance Cycle.
Appears in 1 contract
Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)