Common use of Earned Percentage Clause in Contracts

Earned Percentage. Except as provided in Section 5 or Section 7 hereof, the Relative TSR PSUs shall be earned based on the Company’s Relative TSR Earned Percentage, as determined from the table below (with the Relative TSR Earned Percentage between the levels set forth in the table determined by linear interpolation, to the nearest one-tenth of one percent). Less than 35th Percentile 0% 35th Percentile 50% 55th Percentile 100% 75th Percentile and above 150%

Appears in 2 contracts

Sources: Performance Stock Unit Agreement (Ormat Technologies, Inc.), Performance Stock Unit Agreement (Ormat Technologies, Inc.)

Earned Percentage. Except as provided in Section 5 4 or Section 7 6 hereof, the Relative TSR PSUs shall be earned based on the Company’s Relative TSR Earned Percentage, as determined from the table below (with the Relative TSR Earned Percentage between the levels set forth in the table determined by linear interpolation, to the nearest one-tenth of one percent). Less than 35th Percentile 0% 35th Percentile 50% 55th Percentile 100% 75th Percentile and above 150%

Appears in 1 contract

Sources: Employment Agreement (Ormat Technologies, Inc.)