Common use of percent Clause in Contracts

percent. If, at the end of the Performance Period, the Company’s Average ▇▇▇ is equal to the Threshold ▇▇▇, the Participant will be entitled to receive 50 percent of the Target ▇▇▇ Award; if the Company’s Average ▇▇▇ is equal to the Target ▇▇▇, the Participant will be entitled to receive 100 percent of the Target ▇▇▇ Award; and if the Company’s Average ▇▇▇ is equal to or greater than the Maximum ▇▇▇, the Participant will be entitled to receive 200 percent of the Target ▇▇▇ Award. If the Company’s Average ▇▇▇ is otherwise between the Threshold ▇▇▇ and the Maximum ▇▇▇, the number of Performance Shares that the Participant is entitled to receive will be calculated using a straight-line interpolation. If the Company’s Average ▇▇▇ is less than the Threshold ▇▇▇, the Participant will not be entitled to receive any Shares as part of his Target ▇▇▇ Award. In no event will the Participant be entitled to receive pursuant to this Agreement more than 200 percent of the Target ▇▇▇ Award.

percent. If, at the end of the Performance Period, the Company’s Average ▇▇▇ is equal to the Threshold ▇▇▇, the Participant will be entitled to receive 50 percent of the Target ▇▇▇ Award; if the Company’s Average ▇▇▇ is equal to the Target ▇▇▇, the Participant will be entitled to receive 100 percent of the Target ▇▇▇ Award; and if the Company’s Average ▇▇▇ is equal to or greater than the Maximum ▇▇▇, the Participant will be entitled to receive 200 percent of the Target ▇▇▇ Award. If the Company’s Average ▇▇▇ is otherwise between the Threshold ▇▇▇ and the Maximum ▇▇▇, the number of Performance Shares that the Participant is entitled to receive will be calculated using a straight-straight line interpolation. If the Company’s Average ▇▇▇ is less than the Threshold ▇▇▇, the Participant will not be entitled to receive any Shares as part of his Target ▇▇▇ Award. In no event will the Participant be entitled to receive pursuant to this Agreement more than 200 percent of the Target ▇▇▇ Award.