Common use of Performance Terms Clause in Contracts

Performance Terms. (a) The terms of this Section 2 will apply to your Performance Stock Units except in so far as Section 3 ("Treatment Upon Termination") or Section 5 ("Change in Control") apply. (b) The performance period (the “Performance Period”) for your Performance Stock Units will be the three-year period commencing ________, 20__ and ending ________, 20__. Following the conclusion of the Performance Period, the Committee shall certify in writing the number of Performance Stock Units which are payable (your “Final Performance Stock Units”). The Committee will calculate your Final Performance Stock Units by multiplying your Performance Stock Units (at target) by the “Performance Factor.” The Performance Factor means a percentage (from zero to 150%) which is based on the Corporation’s Total Shareholder Return during the Performance Period compared to the companies in the S&P 400 MidCap Index, determined according to Table 1 of this Agreement. (c) All determinations made by the Committee shall be binding and conclusive on all parties.

Appears in 1 contract

Sources: Performance Stock Unit Agreement (Plexus Corp)

Performance Terms. (a) The terms of this Section 2 will apply to your Performance Stock Units except in so far as Section 3 ("Treatment Upon Termination") or Section 5 ("Change in Control") apply. (b) The performance period (the “Performance Period”) for your Performance Stock Units will be the three-year period commencing ________January XX, 20__ XXXX and ending ________January XX, 20__XXXX. Following the conclusion of the Performance Period, the Committee shall certify in writing the number of Performance Stock Units which that are payable (your “Final Performance Stock Units”). The Committee will calculate your Final Performance Stock Units by multiplying your Performance Stock Units (at target) by the “Performance Factor.” The Performance Factor means a percentage (from zero to 150%) which that is based on the Corporation’s Total Shareholder Return during the Performance Period compared to the companies in the S&P 400 MidCap Index, determined according to Table 1 of this Agreement. (c) All determinations made by the Committee shall be binding and conclusive on all parties.

Appears in 1 contract

Sources: Performance Stock Unit Agreement (Plexus Corp)

Performance Terms. (a) The terms of this Section 2 will apply to your Performance Stock Units except in so far as Section 3 ("Treatment Upon Termination") or Section 5 ("Change in Control") apply. (b) The performance period (the “Performance Period”) for your Performance Stock Units will be the three-year period commencing ____________, 20__ and ending ____________, 20__. Following the conclusion of the Performance Period, the Committee shall certify in writing the number of Performance Stock Units which are payable (your “Final Performance Stock Units”). The Committee will calculate your Final Performance Stock Units by multiplying your Performance Stock Units (at target) by the “Performance Factor.” The Performance Factor means a percentage (from zero to 150%) which is based on the Corporation’s Total Shareholder Return during the Performance Period compared to the companies in the S&P 400 MidCap Index, determined according to Table 1 of this Agreement. (c) All determinations made by the Committee shall be binding and conclusive on all parties.

Appears in 1 contract

Sources: Performance Stock Unit Agreement (Plexus Corp)