Common use of Threshold or Above Clause in Contracts

Threshold or Above. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 fiscal year is exactly equal to one of the levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be equal to the percentage set forth opposite such level in the Performance Matrix. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 fiscal year falls between two levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be based on straight-line mathematical interpolation between the percentages applicable to such levels.

Appears in 1 contract

Sources: Performance Stock Units Agreement (Trimas Corp)

Threshold or Above. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 2025 fiscal year is exactly equal to one of the levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be equal to the percentage set forth opposite such level in the Performance Matrix. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 2025 fiscal year falls between two levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be based on straight-line mathematical interpolation between the percentages applicable to such levels.

Appears in 1 contract

Sources: Performance Stock Units Agreement (Trimas Corp)

Threshold or Above. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 2026 fiscal year is exactly equal to one of the levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be equal to the percentage set forth opposite such level in the Performance Matrix. If, upon the conclusion of the Performance Period, ▇▇▇▇ ▇▇▇▇ for the 2027 2026 fiscal year falls between two levels set forth in the Performance Matrix, the Initial ▇▇▇▇ ▇▇▇▇ Percentage shall be based on straight-line mathematical interpolation between the percentages applicable to such levels.

Appears in 1 contract

Sources: Performance Stock Units Agreement (Trimas Corp)