Examples of CAGR in a sentence
For the avoidance of doubt, in connection with any such assumption, continuation or substitution, the Change in Control Transaction Determined Units are automatically converted into a time-based vesting award and the Company CAGR performance goals shall no longer apply.
If the Company’s CAGR (as defined below) is equal to 100% of the CAGR of the Index, 100% of the Target Number of Performance Units are eligible to vest.
As soon as practicable upon the Performance & Service Period End Date or within the 90-day period thereafter, the Committee will determine the applicable number of Performance Units that will vest based on the Company’s CAGR as measured versus the CAGR of the Index as described in Section 2 of this Attachment I, and such determinations will be final and binding on the Participant.
For every percentage that the Company’s CAGR is below the CAGR of the Index, 4% of the Target Number of Performance Units are not eligible to vest.
Subject to the Payout Cap (as defined below), for each percentage that the Company’s CAGR exceeds the CAGR of the Index, an additional 4% of the Target Number of Performance Units are eligible to vest.