Common use of Adjustments to Market Share Performance Goal Clause in Contracts

Adjustments to Market Share Performance Goal. The Company’s Market Share shall be calculated on August 1, 2016 (the “Determination Date”) or any earlier date as of which all Comparator Group members have publicly reported their Performance Measurement Period Revenue. If by the Determination Date a Comparator Group member has not publicly reported its revenue for the Performance Measurement Period, the total Comparator Group Performance Measurement Period Revenue will be recalculated using such Comparator Group member’s total revenue (calculated in accordance with Section 2.5) for the trailing 18 consecutive months for which such Comparator Group member has publicly reported revenue information.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Units Award Agreement, Performance Based Restricted Stock Units Award Agreement (On Semiconductor Corp)

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Adjustments to Market Share Performance Goal. The Company’s Market Share shall be calculated on August 1, 2016 2017 (the “Determination Date”) or any earlier date as of which all Comparator Group members have publicly reported their Performance Measurement Period Revenue. If by the Determination Date a Comparator Group member has not publicly reported its revenue for the Performance Measurement Period, the total Comparator Group Performance Measurement Period Revenue will be recalculated using such Comparator Group member’s total revenue (calculated in accordance with Section 2.5) for the trailing 18 consecutive months for which such Comparator Group member has publicly reported revenue information.

Appears in 1 contract

Samples: Performance Based Restricted Stock Units Award Agreement (On Semiconductor Corp)

Adjustments to Market Share Performance Goal. The Company’s Market Share shall be calculated on August 1, 2016 2018 (the “Determination Date”) or any earlier date as of which all Comparator Group members have publicly reported their Performance Measurement Period Revenue. If by the Determination Date a Comparator Group member has not publicly reported its revenue for the Performance Measurement Period, the total Comparator Group Performance Measurement Period Revenue will be recalculated using such Comparator Group member’s total revenue (calculated in accordance with Section 2.5) for the trailing 18 consecutive months for which such Comparator Group member has publicly reported revenue information.

Appears in 1 contract

Samples: Performance Based Restricted Stock Units Award Agreement (On Semiconductor Corp)

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Adjustments to Market Share Performance Goal. The Company’s Market Share shall be calculated on August 1, 2016 2019 (the “Determination Date”) or any earlier date as of which all Comparator Group members have publicly reported their Performance Measurement Period Revenue. If by the Determination Date a Comparator Group member has not publicly reported its revenue for the Performance Measurement Period, the total Comparator Group Performance Measurement Period Revenue will be recalculated using such Comparator Group member’s total revenue (calculated in accordance with Section 2.5) for the trailing 18 consecutive months for which such Comparator Group member has publicly reported revenue information.

Appears in 1 contract

Samples: Stock Incentive Plan Agreement (On Semiconductor Corp)

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