Common use of Between Threshold and Target Clause in Contracts

Between Threshold and Target. If, upon the conclusion of a Nested Period, RTSR for the Nested Period exceeds the threshold level, but is less than the target level, as set forth in the Performance Matrices, a percentage between 50% and 100% (determined on the basis of straight-line mathematical interpolation) will be the Percentage Payout for such Nested Period.

Appears in 3 contracts

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)

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Between Threshold and Target. If, upon the conclusion of a Nested Period, RTSR for the Nested Period exceeds the threshold level, but is less than the target level, as set forth in the Performance MatricesMatrix, a percentage between 50% and 100% (determined on the basis of straight-line mathematical interpolation) will be the Percentage Payout for such Nested Period.

Appears in 1 contract

Samples: Performance Based Restricted Share Unit Agreement (Metallus Inc.)

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