Common use of Determination of Achievement Percentage Clause in Contracts

Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (a) the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated or (b) if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units will be determined based upon such Achievement Percentage).

Appears in 2 contracts

Samples: Award Notice and Agreement Performance Units (Exterran Corp), Notice and Agreement Performance Units (Exterran Corp)

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Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (ai) the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated or (bii) if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement Percentage).

Appears in 2 contracts

Samples: Notice and Agreement (Archrock, Inc.), Notice and Agreement (Archrock, Inc.)

Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (a) the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated or (b) if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement Percentage).

Appears in 2 contracts

Samples: And Agreement Performance Units (Exterran Holdings Inc.), Award Notice and Agreement (Exterran Holdings Inc.)

Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (a) the then(i)the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated consummated, or (b) if ii)if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement PercentagePercentage).​(b).

Appears in 1 contract

Samples: Notice and Agreement (Archrock, Inc.)

Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (ai) the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated consummated, or (bii) if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement PercentagePercentage).(b).

Appears in 1 contract

Samples: Notice and Agreement (Archrock, Inc.)

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Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (a) the then(i)the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated consummated, or (b) if ii)if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement PercentagePercentage).(b).

Appears in 1 contract

Samples: Notice and Agreement (Archrock, Inc.)

Determination of Achievement Percentage. If a Corporate Change is consummated prior to the end of the Performance Period and you are employed by the Company or an Affiliate as of such consummation date, then (ai) the Committee, in its discretion, shall determine in good faith the Achievement Percentage (as defined below) based on performance during the portion of the Performance Period commencing on the first day of the Performance Period and ending on the date the Corporate Change is consummated consummated, or (bii) if the Committee determines, in its discretion, that no such determination can reasonably be made, then the Achievement Percentage shall be deemed to be 100% (and your Earned Units (as defined below) will be determined based upon such Achievement Percentage).. (b)

Appears in 1 contract

Samples: Notice and Agreement (Archrock, Inc.)

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