Equals or Exceeds Maximum Clause Samples
The "Equals or Exceeds Maximum" clause sets a specific upper limit for a value, such as price, quantity, or liability, and defines what happens if that limit is reached or surpassed. In practice, this clause might apply to situations where a party's obligations, costs, or usage are capped, and exceeding the maximum could trigger additional actions, such as renegotiation, penalties, or termination of the agreement. Its core function is to protect parties from unanticipated excesses by clearly establishing boundaries and consequences, thereby managing risk and ensuring predictability in contractual relationships.
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Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, Total Stockholder Return for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals or exceeds the “Maximum” level, as set forth in the Performance Matrix, 200% of the RTSR PSUs shall become nonforfeitable. AAON, Inc. AAON Forward Air Corporation FWRD Orion Group Holdings, Inc. ORN AAR Corp. AIR Franklin Electric Co., Inc. FELE ▇▇▇▇▇▇▇ Industries, Inc. ▇▇▇▇ ABM Industries Incorporated ABM FTI Consulting, Inc. FCN PGT Innovations, Inc. PGTI Actuant Corporation ATU General Cable Corporation BGC ▇▇▇▇▇▇ Industries, Inc. POWL Aegion Corporation AEGN Gibraltar Industries, Inc. ROCK Proto Labs, Inc. PRLB Aerojet Rocketdyne Holdings, Inc. AJRD Griffon Corporation GFF Quanex Building Products Corporation NX AeroVironment, Inc. AVAV Harsco Corporation HSC ▇.▇. ▇▇▇▇▇▇▇▇▇ & Sons Company RRD Alamo Group Inc. ALG Hawaiian Holdings, Inc. HA Raven Industries, Inc. RAVN Albany International Corp. AIN Healthcare Services Group, Inc. HCSG Resources Connection, Inc. RECN Allegiant Travel Company ALGT Heartland Express, Inc. HTLD Roadrunner Transportation Systems, Inc. RRTS American Woodmark Corporation AMWD ▇▇▇▇▇▇▇▇ & Struggles International, Inc. HSII ▇▇▇▇, Inc. SAIA Apogee Enterprises, Inc. APOG ▇▇▇▇▇▇▇▇▇▇▇, Inc. HI ▇▇▇▇▇▇▇ Manufacturing Co., Inc. SSD Applied Industrial Technologies, Inc. AIT Hub Group, Inc. HUBG SkyWest, Inc. SKYW ArcBest Corporation ARCB Insperity, Inc. NSP SPX Corporation SPXC Astec Industries, Inc. ASTE Insteel Industries, Inc. IIIN SPX FLOW, Inc. FLOW Atlas Air Worldwide Holdings, Inc. AAWW Interface, Inc. TILE Standex International Corporation SXI Axon Enterprise, Inc. AAXN ▇▇▇▇ ▇▇▇▇ Technologies JBT Team, Inc. TISI AZZ Inc. AZZ Kaman Corporation ▇▇▇▇ ▇▇▇▇▇▇▇ Company TNC ▇▇▇▇▇▇ Group Inc. B ▇▇▇▇▇ Services, Inc. KELY.A Tetra Tech, Inc. TTEK ▇▇▇▇▇ Corporation BRC Korn/Ferry International KFY The Greenbrier Companies, Inc. GBX ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ Corporation BGG Lindsay Corporation LNN Titan International, Inc. TWI Chart Industries, Inc. GTLS LSC Communications, Inc. LKSD Trex Company, Inc. TREX CIRCOR International, Inc. CIR Lydall, Inc. LDL Triumph Group, Inc. TGI Comfort Systems USA, Inc. FIX Marten Transport, Ltd. MRTN TrueBlue, Inc. TBI Cubic Corporation CUB ▇▇▇▇▇▇, Inc. MATX UniFirst Corporation UNF DXP Enterprises, Inc. DXPE ▇▇▇▇▇▇▇▇ International Corp MATW Universal Forest Products, Inc. UFPI Echo Global Logistics, Inc. ECHO Mercury Systems, Inc. MRCY US Ecology, Inc. ECOL Encore Wire Corporation WIRE Mobile Mini, Inc. MINI Veritiv Corporatio...
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix, 200% of the PSUs shall become nonforfeitable.
Equals or Exceeds Maximum. If, upon the conclusion of a Nested Period, RTSR for the Nested Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% will be the Payout Percentage for such Nested Period.
Equals or Exceeds Maximum. 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 equals or exceeds the maximum level, as set forth in the Performance Matrices, 150% of the PRSUs will become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, TSR Relative to Peers for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, (i) ROIC for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% of the ROIC PRSUs shall become nonforfeitable, and (ii) RTSR for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrices, 200% of the RTSR PRSUs shall become nonforfeitable.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, Gentex's performance for the Performance Period equals or exceeds the Maximum level, as set forth in the Performance Objectives, the Performance Shares set forth in the officer Award Notification will become earned (subject to any cap set by the Board or the Compensation Committee).
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, ▇▇▇ for the Performance Period equals or exceeds the maximum level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 200% of the Target Performance Shares shall become earned.
Equals or Exceeds Maximum. If, upon the conclusion of the Performance Period, ▇▇▇▇’s performance for the Performance Period equals or exceeds the maximum level, as set forth in the ▇▇▇▇ Performance Goals, a previously approved portion of the Performance Shares will become earned, subject to any cap set by the Board or a committee thereof.