Common use of Determining Number of Vested Units Clause in Contracts

Determining Number of Vested Units. The following chart sets forth the percentage of the Award Units (or of a portion of the Award Units as provided in Section 5.1 of this Agreement) that will vest on the Vesting Date based upon the Company’s level of achievement of Average Annual Return on Invested Capital for the Performance Period: Average Annual Return on Vested Award Unit Invested Capital Level Percentage Threshold Level — 10% 40% Maximum Level — 15% 100% The actual percentage of Award Units that will Vest based upon the Company’s achievement of Average Annual Return on Invested Capital between the Threshold Level and Maximum Level will be interpolated on a straight line basis, with the corresponding number of Vested Award Units resulting from such determination rounded up to the next whole Award Unit. If the Average Annual Return on Invested Capital for the Performance Period is below the Threshold Level, no Award Units will Vest. Any Award Units that do not Vest on the Vesting Date will be forfeited.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.), Restricted Stock Unit Award Agreement (Ecolab Inc.)

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Determining Number of Vested Units. The following chart sets forth the percentage of the Award Units (or of a portion of the Award Units as provided in Section 5.1 of this Agreement) that will vest on the Vesting Date based upon the Company’s level of achievement of Average Annual Return on Invested Capital for the Performance Period: Average Annual Return on Invested Capital Level Vested Award Unit Invested Capital Level Percentage Threshold Level — 10[●]% 40[●]% Maximum Level — 15[●]% 100[●]% The actual percentage of Award Units that will Vest based upon the Company’s achievement of Average Annual Return on Invested Capital between the Threshold Level and Maximum Level will be interpolated on a straight line basis, with the corresponding number of Vested Award Units resulting from such determination rounded up to the next whole Award Unit. If the Average Annual Return on Invested Capital for the Performance Period is below the Threshold Level, no Award Units will Vest. Any Award Units that do not Vest on the Vesting Date will be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.)

Determining Number of Vested Units. The following chart sets forth the percentage of the Award Units (or of a portion of the Award Units as provided in Section 5.1 of this Agreement) that will vest on the Vesting Date based upon the Company’s level of achievement of Average Annual Return on Invested Capital for the Performance Period: Average Annual Return on Vested Award Unit Invested Capital Level Percentage ​ ​ ​ Threshold Level — 10% 40% Maximum Level — 15% 100% The actual percentage of Award Units that will Vest based upon the Company’s achievement of Average Annual Return on Invested Capital between the Threshold Level and Maximum Level will be interpolated on a straight line basis, with the corresponding number of Vested Award Units resulting from such determination rounded up to the next whole Award Unit. If the Average Annual Return on Invested Capital for the Performance Period is below the Threshold Level, no Award Units will Vest. Any Award Units that do not Vest on the Vesting Date will be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.)

Determining Number of Vested Units. The following chart sets forth the percentage of the Award Units (or of a portion of the Award Units as provided in Section 5.1 of this Agreement) that will vest on the Vesting Date based upon the Company’s level of achievement of Average Annual Return on Invested Capital for the Performance Period: Average Annual Return on Vested Award Unit Invested Capital Level Percentage Threshold Level — 10[●]% 40[ ●]% Maximum Level — 15[●]% 100[ ●]% The actual percentage of Award Units that will Vest vest based upon the Company’s achievement of Average Annual Return on Invested Capital between the Threshold Level and Maximum Level will be interpolated on a straight line basis, with the corresponding number of Vested Award Units resulting from such determination rounded up to the next whole Award Unit. If the Average Annual Return on Invested Capital for the Performance Period is below the Threshold Level, no Award Units will Vestvest. Any Award Units that do not Vest vest on the Vesting Date will be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.)

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Determining Number of Vested Units. The following chart sets forth the percentage of the Award Units (or of a portion of the Award Units as provided in Section 5.1 of this Agreement) that will vest on the Vesting Date based upon the Company’s level of achievement of Average Annual Return on Invested Capital for the Performance Period: Average Annual Return on Vested Award Unit Invested Capital Level Percentage Threshold Level — 10[●]% 40[●]% Maximum Level — 15[●]% 100[●]% The actual percentage of Award Units that will Vest based upon the Company’s achievement of Average Annual Return on Invested Capital between the Threshold Level and Maximum Level will be interpolated on a straight line basis, with the corresponding number of Vested Award Units resulting from such determination rounded up to the next whole Award Unit. If the Average Annual Return on Invested Capital for the Performance Period is below the Threshold Level, no Award Units will Vest. Any Award Units that do not Vest on the Vesting Date will be forfeited.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ecolab Inc.)

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