AWARD MODIFIER. The value of the Performance Units granted hereby shall be the Target Value set forth above multiplied by the award modifier set forth below (the “Award Modifier”). For purposes of this Agreement, this value shall be referred to as the “Vested Value”. [Performance Goal A] [ ]% of the Award Modifier will be determined based on [Performance Goal A]. The following table shows the requisite performance for this portion of the Award. [Performance Goal A] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% Performance below the threshold milestone will result in 0% Award Modifier for this portion of the award. The Award Modifier will be interpolated for performance between threshold and target milestones, and target and threshold milestone. [Performance Goal B] The final [ ]% of the Award Modifier will be determined based on [Performance Goal B]. The following table shows the requisite performance for this portion of the Award. [Performance Goal B] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% The Committee’s determinations with respect to the Performance Period for purposes of this Agreement shall be binding upon all persons. The Committee may decrease, but may not increase the amount payable under this Agreement.
Appears in 3 contracts
Samples: Award Agreement (Quanex Building Products CORP), Award Agreement (Quanex Building Products CORP), Award Agreement (Quanex Building Products CORP)
AWARD MODIFIER. The value of the Performance Units granted hereby shall be the Target Value set forth above multiplied by the award modifier set forth below (the “Award Modifier”). For purposes of this Agreement, this value shall be referred to as the “Vested Value”. [Performance Goal A] [ ]% of the Award Modifier will be determined based on [Performance Goal A]. The following table shows the requisite performance for this portion of the Award. [Performance Goal A] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% Performance below the threshold milestone will result in 0% Award Modifier for this portion of the award. The Award Modifier will be interpolated for performance between threshold and target milestones, and target and threshold milestonemaximum milestones. [Performance Goal B] The final [ ]% of the Award Modifier will be determined based on [Performance Goal B]. The following table shows the requisite performance for this portion of the Award. [Performance Goal B] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% The Committee’s determinations with respect to the Performance Period for purposes of this Agreement shall be binding upon all persons. The Committee may decrease, but may not increase the amount payable under this Agreement.
Appears in 3 contracts
Samples: Quanex Building Products CORP, Quanex Building Products CORP, Quanex Building Products CORP
AWARD MODIFIER. The value of the Performance Units granted hereby shall be the Target Value set forth above multiplied by the award modifier set forth below (the “Award Modifier”). For purposes of this Agreement, this value shall be referred to as the “Vested Value”. [Performance Goal A] [ ]% of the Award Modifier will be determined based on [Performance Goal A]. The following table shows the requisite performance for this portion of the Award. [Performance Goal A] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% Performance below the threshold milestone will result in 0% Award Modifier for this portion of the award. The Award Modifier will be interpolated for performance between threshold and target milestones, and target and threshold milestone. [Performance Goal B] The final [ ]% of the Award Modifier will be determined based on [Performance Goal B]. The following table shows the requisite performance for this portion of the Award. [Performance Goal B] Award Modifier Maximum Milestone [ ] [ ]% Target Milestone [ ] [ ]% Threshold Milestone [ ] [ ]% The CommitteeBoard’s determinations with respect to the Performance Period for purposes of this Agreement shall be binding upon all persons. The Committee Board may decrease, but may not increase the amount payable under this Agreement.
Appears in 1 contract
AWARD MODIFIER. The value aggregate number of the Performance Units granted hereby shall be Shares to vest under this Agreement is equal to the Target Value Number of Performance Shares set forth above multiplied by the award modifier set forth below (the “Award Modifier”). For purposes of this Agreement, this value such Performance Shares shall be referred to as the “Vested ValueShares”. [Performance Goal A] [ ]% of the Award Modifier will be determined based on [Performance Goal A]. The following table shows the requisite performance for this portion of the Award. [Performance Goal A] Award Modifier Maximum Milestone [ ] [ ]] % Target Milestone [ ] [ ]] % Threshold Milestone [ ] [ ]] % Performance below the threshold milestone will result in 0% Award Modifier for this portion of the award. The Award Modifier will be interpolated for performance between threshold and target milestones, and target and threshold milestone. [Performance Goal B] The final [ ]% of the Award Modifier will be determined based on [Performance Goal B]. The following table shows the requisite performance for this portion of the Award. [Performance Goal B] Award Modifier Maximum Milestone [ ] [ ]] % Target Milestone [ ] [ ]] % Threshold Milestone [ ] [ ]] % The Committee’s determinations with respect to the Performance Period for purposes of this Agreement shall be binding upon all persons. The Committee may decrease, but may not increase the amount payable under this Agreement.
Appears in 1 contract
Samples: Quanex Building Products CORP