Determination of Performance Shares Earned. For each component fiscal year calculation described in Section 2 above, at the target level, 100% performance will be achieved; at the threshold level, 50% performance will be achieved; below the threshold level, 0% performance will be achieved; and at the maximum level or above, 150% performance will be achieved. Performance between minimum and target, and between target and maximum, will achieve performance levels on a pro-rated basis between 50% and 100%, and 100% and 150%, respectively. As established and approved by the Committee, the resulting total achieved performance level for each fiscal year of the Performance Period will be averaged to arrive at the final earned performance percentage for the Performance Period. The amount earned will be calculated according to the following: Percent of Performance = Target X Target Shares Awarded Performance Shares Performance Shares Earned
Appears in 3 contracts
Samples: Performance Share Award Agreement (Walgreens Boots Alliance, Inc.), Performance Share Award Agreement (Walgreens Boots Alliance, Inc.), Performance Share Award Agreement (Walgreens Boots Alliance, Inc.)
Determination of Performance Shares Earned. For each component fiscal year calculation described in Section 2 above, at the target level, 100% performance will be achieved; at the threshold level, 50% performance will be achieved; below the threshold level, 0% performance will be achieved; and at the maximum level or above, 150200% performance will be achieved. Performance between minimum and target, and between target and maximum, will achieve performance levels on a pro-rated basis between 50% and 100%, and 100% and 150200%, respectively. As established and approved by the Committee, the resulting total achieved performance level for each fiscal year of the Performance Period will be averaged to arrive at the final preliminary earned performance percentage for the Performance PeriodPeriod and then further adjusted up or down by a multiple of 20%, as applicable based on relative total shareholder return as described in Section 2 above; provided that any such relative total shareholder return adjustment shall not increase the final payout percentage above the maximum payout level indicated above. The amount earned will be calculated according to the following: Percent of Performance = Target X Target Shares Awarded Performance Shares Performance Shares Earned
Appears in 1 contract
Samples: Performance Share Award Agreement (Walgreens Boots Alliance, Inc.)