Common use of Free Cash Flow Award Opportunity Clause in Contracts

Free Cash Flow Award Opportunity. Sixty percent (60%) of the Participant’s Target RSU Award (the “Free Cash Flow Target RSUs”) shall be eligible to vest and be earned if and only if the Company’s cumulative Free Cash Flow for the Performance Period as compared to $____billion (the “Free Cash Flow Achievement”) is at least equal to 85% (the “Free Cash Flow Threshold Target”). Subject to the Company’s achievement of the Free Cash Flow Threshold Target, the number of Performance RSUs that will become vested and earned hereunder shall be equal to the product of (x) the number of Free Cash Flow Target RSUs and (y) the Free Cash Flow Performance Factor (as set forth in the table below) (such number of vested RSUs, the “Earned Free Cash Flow Performance RSUs”). Fractional RSUs shall be rounded up to the next whole RSU. If the Free Cash Flow Threshold Target is not achieved, no percentage of Free Cash Flow Target RSUs will become vested or earned and such portion of the Performance RSUs shall be immediately forfeited without consideration. If the Free Cash Flow Threshold Target is met, the number of Earned Free Cash Flow Performance RSUs shall be determined as follows: If the Free Cash Flow Achievement is at least equal to: Then the Free Cash Flow Performance Factor is: 85% 50% 90% 90% 100% 100% 105% 105% 110% 110% 115% 155% 120% 200% If the Free Cash Flow Achievement percentage falls between two percentages set forth above, the Free Cash Flow Performance Factor shall be interpolated on a linear basis.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Nielsen Holdings PLC)

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Free Cash Flow Award Opportunity. Sixty percent (60%) of the Participant’s Target RSU Award (the “Free Cash Flow Target RSUs”) shall be eligible to vest and be earned if and only if the Company’s cumulative Free Cash Flow for the Performance Period as compared to $____billion $ (the “Free Cash Flow Achievement”) is at least equal to 85% (the “Free Cash Flow Threshold Target”). Subject to the Company’s achievement of the Free Cash Flow Threshold Target, the number of Performance RSUs that will become vested and earned hereunder shall be equal to the product of (x) the number of Free Cash Flow Target RSUs and (y) the Free Cash Flow Performance Factor (as set forth in the table below) (such number of vested RSUs, the “Earned Free Cash Flow Performance RSUs”). Fractional RSUs shall be rounded up to the next whole RSU. If the Free Cash Flow Threshold Target is not achieved, no percentage of Free Cash Flow Target RSUs will become vested or earned and such portion of the Performance RSUs shall be immediately forfeited without consideration. If the Free Cash Flow Threshold Target is met, the number of Earned Free Cash Flow Performance RSUs shall be determined as follows: If the Free Cash Flow Achievement FlowAchievement is at least equal to: Then the Free Cash Flow Performance FlowPerformance Factor is: 85% 50% 90% 90% 100% 100% 105% 105% 110% 110% 115% 155% 120% 200% If the Free Cash Flow Achievement percentage falls between two percentages set forth above, the Free Cash Flow Performance Factor shall be interpolated on a linear basis.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Nielsen Holdings N.V.)

Free Cash Flow Award Opportunity. Sixty percent (60( %) of the Participant’s Target RSU Share Award (the “Free Cash Flow Target RSUsShares”) shall be eligible to vest and be earned if and only if the Company’s cumulative Free Cash Flow for the Performance Period as compared to $____billion $ (the “Free Cash Flow Achievement”) is at least equal to 85% (the “Free Cash Flow Threshold Target”). Subject to the Company’s achievement of the Free Cash Flow Threshold Target, the number of Performance RSUs Restricted Shares that will become vested and earned hereunder shall be equal to the product of (x) the number of Free Cash Flow Target RSUs Shares and (y) the Free Cash Flow Performance Factor (as set forth in the table below) (such number of vested RSUsShares, the “Earned Free Cash Flow Performance RSUsShares”). Fractional RSUs shares shall be rounded up to the next whole RSUShare. If the Free Cash Flow Threshold Target is not achieved, no percentage of Free Cash Flow Target RSUs Shares will become vested or earned and such portion of the Performance RSUs Restricted Shares shall be immediately forfeited without consideration. If the Free Cash Flow Threshold Target is met, the number of Earned Free Cash Flow Performance RSUs Shares shall be determined as follows: If the Free Cash Flow Achievement is at least equal to: Then the Free Cash Flow Performance Factor is: 85% 50% 90% 90% 100% 100% 105% 105% 110% 110% 115% 155% 120% 200% If the Free Cash Flow Achievement percentage falls between two percentages set forth above, the Free Cash Flow Performance Factor shall be interpolated on a linear basis.

Appears in 1 contract

Samples: Performance Restricted Share Award Agreement (Nielsen Holdings N.V.)

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Free Cash Flow Award Opportunity. Sixty percent (60%) of the Participant’s Target RSU Award (the “Free Cash Flow Target RSUs”) shall be eligible to vest and be earned if and only if the Company’s cumulative Free Cash Flow for the Performance Period as compared to $____billion 2.76B (the “Free Cash Flow Achievement”) is at least equal to 85% (the “Free Cash Flow Threshold Target”). Subject to the Company’s achievement of the Free Cash Flow Threshold Target, the number of Performance RSUs that will become vested and earned hereunder shall be equal to the product of (x) the number of Free Cash Flow Target RSUs and (y) the Free Cash Flow Performance Factor (as set forth in the table below) (such number of vested RSUs, the “Earned Free Cash Flow Performance RSUs”). Fractional RSUs shall be rounded up to the next whole RSU. If the Free Cash Flow Threshold Target is not achieved, no percentage of Free Cash Flow Target RSUs will become vested or earned and such portion of the Performance RSUs shall be immediately forfeited without consideration. If the Free Cash Flow Threshold Target is met, the number of Earned Free Cash Flow Performance RSUs shall be determined as follows: If the Free Cash Flow Achievement is at least equal to: Then the Free Cash Flow Performance Factor is: 85% 50% 90% 90% 100% 100% 105% 105% 110% 110% 115% 155% 120% 200% If the Free Cash Flow Achievement percentage falls between two percentages set forth above, the Free Cash Flow Performance Factor shall be interpolated on a linear basis.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Nielsen Holdings PLC)

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