DCR Vesting Percentage for the Year 1 Annual Tranche. The DCR Vesting Percentage for the Year 1 Annual Tranche shall be based on the distribution coverage ratio (“DCR”) achieved by the Partnership during the Year 1 Performance Period as follows: Threshold 1.77 : 1 50% Target 1.97 : 1 100% Exceeds Target 2.07 : 1 150% Maximum 2.11 : 1 200%
Appears in 1 contract
Samples: Performance Cash Award Agreement (NuStar Energy L.P.)
DCR Vesting Percentage for the Year 1 Annual Tranche. The DCR Vesting Percentage for the Year 1 Annual Tranche shall be based on the distribution coverage ratio (“DCR”) achieved by the Partnership during the Year 1 Performance Period as follows: Threshold 1.77 1.38 : 1 50% Target 1.97 1.53 : 1 100% Exceeds Target 2.07 1.68 : 1 150%
% Maximum 2.11 1.83 : 1 200%% If the actual performance is between performance levels, the DCR Vesting Percentage will be interpolated on a straight line basis for achievement between performance levels. Notwithstanding the foregoing, the Committee has full discretion to apply a DCR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.
Appears in 1 contract
Samples: Performance Cash Award Agreement (NuStar Energy L.P.)
DCR Vesting Percentage for the Year 1 Annual Tranche. The DCR Vesting Percentage for the Year 1 Annual Tranche shall be based on the distribution coverage ratio (“DCR”) achieved by the Partnership during the Year 1 Performance Period as follows: Threshold 1.77 1.6700 : 1 50% Target 1.97 1.8500 : 1 100% Exceeds Target 2.07 1.9430 : 1 150%
% Maximum 2.11 1.9800 : 1 200%% If the actual performance is between performance levels, the DCR Vesting Percentage will be interpolated on a straight line basis for achievement between performance levels. Notwithstanding the foregoing, the Committee has full discretion to apply a DCR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.
Appears in 1 contract
Samples: Performance Cash Award Agreement (NuStar Energy L.P.)
DCR Vesting Percentage for the Year 1 Annual Tranche. The DCR Vesting Percentage for the Year 1 Annual Tranche shall be based on the distribution coverage ratio (“DCR”) achieved by the Partnership during the Year 1 Performance Period as follows: Threshold 1.77 1.10 : 1 50% Target 1.97 1.21 : 1 100% Exceeds Target 2.07 1.33 : 1 150%
% Maximum 2.11 1.45 : 1 200%% If the actual performance is between performance levels, the DCR Vesting Percentage will be interpolated on a straight line basis for achievement between performance levels. Notwithstanding the foregoing, the Committee has full discretion to apply a DCR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.
Appears in 1 contract
Samples: Performance Unit Award Agreement (NuStar Energy L.P.)