Common use of Vesting Amounts Clause in Contracts

Vesting Amounts. 1. If the Actual Percentage of Targets fails to exceed 100%, then none of the RSUs shall vest and zero Shares shall be distributed in respect thereof. 2. If the Actual Percentage of Targets equals 103.4%, then the Vesting Amount shall equal one-half of the Maximum RSU Bonus Award, as defined in Paragraph 1 of the Agreement (the “Intermediate RSU Bonus Award”), and shall vest. 3. If the Actual Percentage of Targets equals 106.9% or more, then the Vesting Amount shall equal the Maximum RSU Bonus Award, as defined in Paragraph 1 of the Agreement, and shall vest. 4. If the Actual Percentage of Targets is between 100% and 103.4%, then the Vesting Amount shall equal a number of RSUs equal to the product of the Intermediate RSU Bonus Award multiplied by a fraction the numerator of which is the Actual Percentage of Targets Revenue minus 100% and the denominator is 3.4% and shall vest. 5. If the Actual Percentage of Targets is between 103.4% and 106.9%, then the Vesting Amount shall equal the sum of (a) the Intermediate RSU Bonus Award plus (b) the product of (i) the difference between the Maximum RSU Bonus Award and the Intermediate RSU Bonus Award multiplied by (ii) a fraction the numerator of which is the Actual Percentage of Targets Revenue minus 103.4% and the denominator is 3.5%, and shall vest.

Vesting Amounts. 1. If the Actual Percentage of Targets fails to exceed 100%, then none of the RSUs shall vest and zero Shares shall be distributed in respect thereof. 2. If the Actual Percentage of Targets equals 103.4104.57%, then the Vesting Amount shall equal one-half third of the Maximum RSU Bonus Award, as defined in Paragraph 1 of the Agreement (the “"Intermediate RSU Bonus Award”"), and shall vest. 3. If the Actual Percentage of Targets equals 106.9109.27% or more, then the Vesting Amount shall equal the Maximum RSU Bonus Award, as defined in Paragraph 1 of the Agreement, and shall vest. 4. If the Actual Percentage of Targets is between 100% and 103.4104.57%, then the Vesting Amount shall equal a number of RSUs equal to the product of the Intermediate RSU Bonus Award multiplied by a fraction the numerator of which is the Actual Percentage of Targets Revenue minus 100% and the denominator is 3.44.57% and shall vest. 5. If the Actual Percentage of Targets is between 103.4104.57% and 106.9109.27%, then the Vesting Amount shall equal the sum of (a) the Intermediate RSU Bonus Award plus (b) the product of (i) the difference between the Maximum RSU Bonus Award and the Intermediate RSU Bonus Award multiplied by (ii) a fraction the numerator of which is the Actual Percentage of Targets Revenue minus 103.4104.57% and the denominator is 3.54.70%, and shall vest.