Calculation of Number of Vested Performance Shares. The percent of Performance Shares that vest shall then be determined based on the following chart: Company’s Percentile Rank Percent of Performance Shares to Vest 67th and above 150% 51st 100% 34th 50% Below 34th 0% Interpolation shall be used to determine the percent of Performance Shares that vest in the event the Company’s Percentile Rank does not fall directly on one of the ranks listed in the above chart. Once the percent of Performance Shares to vest has been determined, the percent shall be multiplied by the number of Performance Shares awarded to determine the actual number of Performance Shares that vest, rounded to the next highest whole share. All Performance Shares that do not vest in accordance with this Exhibit A shall be automatically forfeited and canceled.
Appears in 3 contracts
Samples: Performance Share Award Agreement (CTO Realty Growth, Inc.), Performance Share Award Agreement (CTO Realty Growth, Inc.), Performance Share Award Agreement (CTO Realty Growth, Inc.)
Calculation of Number of Vested Performance Shares. The percent of Performance Shares that vest shall then be determined based on the following chart: Company’s Percentile Rank Percent of Performance Shares to Vest 67th and above 150% 51st 100% 34th 50% Below 34th 0% Interpolation shall be used to determine the percent of Performance Shares that vest in the event the Company’s Percentile Rank does not fall directly on one of the ranks listed in the above chart. Once the percent of Performance Shares to vest has been determined, the percent shall be multiplied by the number of Performance Shares awarded to determine the actual number of Performance Shares that vest, rounded to the next highest whole share. All Performance Shares that do not vest in accordance with this Exhibit A shall be automatically forfeited and canceled.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Consolidated Tomoka Land Co), Performance Share Award Agreement (Consolidated Tomoka Land Co)
Calculation of Number of Vested Performance Shares. The percent of Performance Shares that vest shall then be determined based on the following chart: Company’s Percentile Rank Percent of Performance Shares to Vest 67th and above 150% 51st 100% 34th 50% Below 34th 0% Interpolation shall be used to determine the percent of Performance Shares that vest in the event the Company’s Percentile Rank does not fall directly on one of the ranks listed in the above chart. Once the percent of Performance Shares to vest has been determined, the percent shall be multiplied by the number of Performance Shares awarded to determine the actual number of Performance Shares that vest, rounded to the next highest whole share. All Performance Shares that do not vest in accordance with this Exhibit A shall be automatically forfeited and canceled.
Appears in 1 contract
Samples: Performance Share Award Agreement (CTO Realty Growth, Inc.)
