Common use of Above Threshold Clause in Contracts

Above Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals the “Above Threshold” level, as set forth in the Performance Matrix, 50% of the RTSR PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable.

Appears in 6 contracts

Samples: Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp)

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Above Threshold. If, upon the conclusion of the Performance Period, RTSR for the Performance Period equals the “Above Threshold” level, as set forth in the Performance Matrix, 50% of the RTSR Target PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable.

Appears in 3 contracts

Samples: Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp), Performance Stock Units Agreement (Trimas Corp)

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