Common use of Determination of Payout Percentage Clause in Contracts

Determination of Payout Percentage. As soon as administratively feasible following the close of the Performance Cycle, the Committee shall determine and certify the TSR Performance Percentile. The final Payout Percentage will be the simple average of the Payout Percentage of the four performance periods, which are as follows:

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Marathon Petroleum Corp), Performance Unit Award Agreement (Marathon Petroleum Corp), Performance Unit Award Agreement (Marathon Petroleum Corp)

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Determination of Payout Percentage. As soon as administratively feasible practical following the close of the Performance Cycle, the Committee shall determine and certify the TSR Performance Percentile. The final Payout Percentage will be the simple average of the Payout Percentage of the four performance periods, which are as followsdefined as:

Appears in 1 contract

Samples: Performance Unit Award Agreement (Marathon Petroleum Corp)

Determination of Payout Percentage. As soon as administratively feasible practical following the close of the Performance Cycle, the Committee shall determine and certify the TSR Performance Percentile. The final Payout Percentage will be the simple average of the Payout Percentage of the four performance periods, which are as follows:

Appears in 1 contract

Samples: Performance Unit Award Agreement (Marathon Petroleum Corp)

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Determination of Payout Percentage. As soon as administratively feasible practical following the close of the Performance Cycle, the Committee shall determine and certify the TSR Performance Percentile. The final Payout Percentage will be the simple average of the Payout Percentage of the four performance periods, which are as followsdefined as:

Appears in 1 contract

Samples: Performance Unit Award Agreement (Marathon Petroleum Corp)

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