Common use of Equals or Exceeds Maximum Clause in Contracts

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.

Appears in 3 contracts

Sources: Performance Based Restricted Stock Units Agreement (MATERION Corp), Performance Based Restricted Stock Units Agreement (MATERION Corp), Performance Based Restricted Stock Units Agreement (MATERION Corp)