Common use of Below Threshold Clause in Contracts

Below Threshold. If, upon the conclusion of the Performance Period (or the date of the Change in Control if Section 1(e)(ii) of this Exhibit A is applicable), RTSR for the Performance Period falls below the threshold level, as set forth in the Performance Matrices, no PRSUs will become earned.

Appears in 3 contracts

Sources: Performance Based Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Inducement Award Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)

Below Threshold. If, upon the conclusion of the Performance Period (or the date of the Change in Control if Section 1(e)(ii) of this Exhibit A is applicable), RTSR for the Performance Period falls below the threshold level, as set forth in the Performance Matrices, no PRSUs will shall become earned.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Agreement (TimkenSteel Corp)