EPS Payout Factor. (a) The “EPS Payout Factor” shall be determined under the table below based on the Cumulative EPS (as defined below) achieved by the Company for the Award Period: Cumulative EPS EPS Payout Factor 0% 25% 100% 200% If the Company’s Cumulative EPS is between any two data points set forth in the first column of the above table, the EPS Payout Factor shall be interpolated as follows. The excess of the Company’s Cumulative EPS over the Cumulative EPS of the lower data point shall be divided by the excess of the Cumulative EPS of the higher data point over the Cumulative EPS of the lower data point. The resulting fraction shall be multiplied by the difference between the EPS Payout Factors in the above table corresponding to the two data points. The product of that calculation shall be rounded to the nearest hundredth of a percentage point and then added to the EPS Payout Factor in the above table corresponding to the lower data point, and the resulting sum shall be the EPS Payout Factor.
Appears in 5 contracts
Samples: Performance Share Long Term Incentive Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)
