Common use of Adjustment Based on Operating Margin Clause in Contracts

Adjustment Based on Operating Margin. If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company’s peer group in the Performance Period. The peer group has been determined by the Company for the Performance Period. The number of shares available under the Award that vest on the Vesting Date will be determined by the rank of the Company’s Average Operating Margin within its peer group at the conclusion of the Performance Period, as follows:

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co), Performance Based Restricted Stock Unit Award Agreement (Columbia Sportswear Co)

AutoNDA by SimpleDocs

Adjustment Based on Operating Margin. If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stockcash payment) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company’s 's peer group in the Performance Period. The peer group has been determined by the Company for the Performance Period. The number portion of shares available under the Award that vest vests on the Vesting Date will be determined by the rank of the Company’s 's Average Operating Margin within its peer group at the conclusion of the Performance Period, as follows:

Appears in 1 contract

Samples: Long Term Incentive Cash Award Agreement (Columbia Sportswear Co)

Adjustment Based on Operating Margin. If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company’s peer group in the Performance Period. The peer group has been determined by the Company for the Performance Period. The number of shares available under the Award that vest on the Vesting Date will be determined by the rank of the Company’s Average Operating Margin within its peer group at the conclusion of the Performance Period, as follows:: Percentile Rank Percent Vesting Number Vesting 25-39 % 40-54 % 55-69 % 70-84 % 85+ %

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement

AutoNDA by SimpleDocs

Adjustment Based on Operating Margin. If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company’s 's peer group in the Performance Period. The peer group has been determined by the Company for the Performance Period. The number of shares available under the Award that vest on the Vesting Date will be determined by the rank of the Company’s 's Average Operating Margin within its peer group at the conclusion of the Performance Period, as follows:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Columbia Sportswear Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!