Common use of EBITDA Target PSUs Clause in Contracts

EBITDA Target PSUs. For purposes hereof, the Participant’s “EBITDA Target PSUs” are equal to 50% of his or her total Target PSUs. The maximum number of the EBITDA Target PSUs (expressed as a percentage, the “EBITDA Vesting Percentage”) that may become vested hereunder (subject to the terms and conditions of the Plan and this Award Agreement) is based on the average of the EBITDA (calculated as described in Appendix A) achieved for each of the Performance Years against the EBITDA Performance Target established by the Committee for the Performance Period, based on the following chart: * 200% (maximum) * 100% (target) * 50% (threshold) * 0% *As established by the Committee (as adjusted in accordance with the Plan and this Award Agreement).]

Appears in 1 contract

Samples: Cash Settled Long Term Performance Share Unit Award Agreement (Tenneco Inc)

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EBITDA Target PSUs. For purposes hereof, the Participant’s “EBITDA Target PSUs” are equal to 50% of his or her total Target PSUs. The maximum number of the EBITDA Target PSUs (expressed as a percentage, the “EBITDA Vesting Percentage”) that to which the Participant may become vested hereunder entitled under the Award (subject to the terms and conditions of the Plan and this Award Agreement) is based on the average of the Cumulative EBITDA (calculated as described in Appendix A) achieved for each of the Performance Years Period against the Cumulative EBITDA Performance Target established by the Committee for the Performance Period, Period based on the following chart: * 200% (maximum) * 100% (target) * 50% (threshold) * 0% *As established by the Committee (as adjusted in accordance with the Plan and this Award Agreement).]%

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Tenneco Inc)

EBITDA Target PSUs. For purposes hereof, the Participant’s “EBITDA Target PSUs” are equal to 50% [X]% of his or her total Target PSUs. The maximum number of the EBITDA Target PSUs (expressed as a percentage, the “EBITDA Vesting Percentage”) that to which the Participant may become vested hereunder entitled under the Award (subject to the terms and conditions of the Plan and this Award Agreement) is based on the average of the Cumulative EBITDA (calculated as described in Appendix A) achieved for each of the Performance Years Period against the Cumulative EBITDA Performance Target established by the Committee for the Performance Period, Period based on the following chart: * AMECURRENT 741326349.3 6-May-21 16:39 200% (maximum) * 100% (target) * 50% (threshold) * 0% *As established by the Committee (as adjusted in accordance with the Plan and this Award Agreement).]%

Appears in 1 contract

Samples: Stock Settled Performance Share Unit Award Agreement (Tenneco Inc)

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EBITDA Target PSUs. For purposes hereof, the Participant’s “EBITDA Target PSUs” are equal to 50% [X]% of his or her total Target PSUs. The maximum number of the EBITDA Target PSUs (expressed as a percentage, the “EBITDA Vesting Percentage”) that to which the Participant may become vested hereunder entitled under the Award (subject to the terms and conditions of the Plan and this Award Agreement) is based on the average of the Cumulative EBITDA (calculated as described in Appendix A) achieved for each of the Performance Years Period against the Cumulative EBITDA Performance Target established by the Committee for the Performance Period, Period based on the following chart: * AMECURRENT 741325962.3 6-May-21 16:47 200% (maximum) * 100% (target) * 50% (threshold) * 0% *As established by the Committee (as adjusted in accordance with the Plan and this Award Agreement).]%

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Tenneco Inc)

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