Minimum Performance Requirement. There shall be no issuance of Common Shares under the PERS Units unless total EBITDA for the Performance Period equals at least $90,000,000 (“Minimum Performance Requirement”). If the Minimum Performance Requirement is achieved, Shares may be issued to the Grantee provided that the threshold Performance Requirements are achieved for ROIC or EBITDA as set forth below.
Appears in 4 contracts
Samples: Performance Earned Restricted Stock Unit Agreement (Olympic Steel Inc), Performance Earned Restricted Stock Unit Agreement (Olympic Steel Inc), Performance Earned Restricted Stock Unit Agreement (Olympic Steel Inc)
Minimum Performance Requirement. There shall be no issuance of Common Shares under the PERS Units unless total EBITDA for the Performance Period equals at least $90,000,000 80,000,000 (“Minimum Performance Requirement”). If the Minimum Performance Requirement is achieved, Shares may be issued to the Grantee provided that the threshold Performance Requirements are achieved for ROIC or EBITDA as set forth below.
Appears in 2 contracts
Samples: Performance Earned Restricted Stock Unit Agreement (Olympic Steel Inc), Performance Earned Restricted Stock Unit Agreement (Olympic Steel Inc)
