Determination of Number of Shares Earned. The number of Shares earned, if any, for the Performance Period shall be determined in accordance with the following formula: # of Shares = Total Payout Percentage x Target Award All Performance Shares that are not earned for the Performance Period shall be forfeited
Appears in 4 contracts
Samples: Performance Share Award Agreement (Knife River Corp), Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc)
Determination of Number of Shares Earned. The number of Shares earned, if any, for the Performance Period shall be determined in accordance with the following formula: # of Shares = Total Payout Percentage x Target Award All Performance Shares that are not earned for the Performance Period shall be forfeited.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc)
Determination of Number of Shares Earned. The number of Performance Shares earnedearned as of the end of a Performance Period, if any, for the Performance Period shall be determined in accordance with the following formulaas follows: # of Shares = Total Payout Percentage x Target Award All Performance Shares that are not earned for The “Payout Percentage” shall be determined by the Committee in its sole discretion based on the Performance Period shall be forfeitedCriteria and Harvest Scale set out in Appendix 1 hereto
Appears in 2 contracts
Samples: Award Agreement (Montpelier Re Holdings LTD), Award Agreement (Montpelier Re Holdings LTD)
Determination of Number of Shares Earned. The number of Shares earned, if any, for the Performance Period shall be determined in accordance with the following formula: # of Shares = Total Payout Percentage x X Target Award All Performance Shares that are not earned for the Performance Period shall be forfeitedAward
Appears in 2 contracts
Samples: Performance Share Award Agreement (Mdu Resources Group Inc), Share Award Agreement (Mdu Resources Group Inc)
Determination of Number of Shares Earned. The number of Performance Shares earnedearned as of the end of a Performance Period, if any, for the Performance Period shall be determined in accordance with the following formulaas follows: # of Shares = Total Payout Percentage x Target Award All Performance Shares that are not earned for The “Payout Percentage” shall be determined by the Committee in its sole discretion based on the Performance Period shall be forfeitedCriteria and Harvest Scale set out in Appendix 1 hereto.
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