Between Target and Intermediate Sample Clauses
The "Between Target and Intermediate" clause defines the relationship, obligations, or conditions that exist between a target entity and an intermediate party within a contractual or transactional structure. Typically, this clause clarifies the roles, responsibilities, or flow of rights and duties between these two parties, such as in mergers, acquisitions, or multi-tiered agreements where an intermediate entity acts as a conduit or facilitator. By specifying how the target and intermediate interact, the clause ensures that each party understands their position and obligations, thereby reducing ambiguity and potential disputes in complex arrangements.
Between Target and Intermediate. If, upon the conclusion of the Performance Period, RTSR for the Performance Period exceeds the “Target” level, but is less than the “Intermediate” level, as set forth in the Performance Matrix, a percentage between 100% and 150% (determined on the basis of straight-line mathematical interpolation) of the RTSR PSUs (rounded down to the nearest whole number of PSUs) shall become nonforfeitable.
Between Target and Intermediate. If, upon the conclusion of the Performance Period, Total Stockholder Return exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals the Target Performance Shares shall become earned based on performance during the Performance Period, as determined by mathematical straight-line interpolation between 100% of the Target Performance Shares and 150% of the Target Performance Shares.
Between Target and Intermediate. If, upon the conclusion of the Performance Period, TSR Relative to Peers equals or exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals the Target Performance Shares shall become earned based on performance during the Performance Period, as determined by mathematical interpolation between 100% of the targeted Performance Shares and 150% of the targeted Performance Shares.
Between Target and Intermediate. If, upon the conclusion of the relevant Performance Period, TSR Relative to Peers equals or exceeds the target level, but is less than the intermediate level, as set forth in the Performance Matrix contained in the Statement of Performance Goals:
(a) the First Transition Performance Shares shall become earned based on performance during the First Transition Period, as determined by mathematical interpolation between 100% of the targeted First Transition Performance Shares and 150% of the targeted First Transition Performance Shares and rounded up to the nearest whole share;
(b) the Second Transition Performance Shares shall become earned based on performance during the Second Transition Period, as determined by mathematical interpolation between 100% of the targeted Second Transition Performance Shares and 150% of the targeted Second Transition Performance Shares and rounded up to the nearest whole share; and
(c) the Regular Grant Performance Shares shall become earned based on performance during the Regular Performance Period, as determined by mathematical interpolation between 100% of the targeted Regular Grant Performance Shares and 150% of the targeted Regular Grant Performance Shares and rounded up to the nearest whole share.