Common use of Payment Formula Clause in Contracts

Payment Formula. The number of MSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6. (a) No MSUs will vest if the End of Performance Period Stock Price is less than 50% of the Grant Date Stock Price. (b) No MSUs will vest if the Average Return on Invested Capital during the Performance Period is less than 14%. (c) If the End of Performance Period Stock Price equals or exceeds 50% of the Grant Date Stock Price and the Average Return on Invested Capital during the Performance Period equals or exceeds 14%, the number of MSUs that may vest shall be calculated as follows: MSUs granted × (End of Performance Period Stock Price Grant Date Stock Price) In no event shall the number of shares of Common Stock delivered to Participant upon vesting of MSUs be more than 200% of the MSUs granted.

Payment Formula. The number of MSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6. (a) No MSUs will vest if the End of Performance Period Stock Price is less than 50% of the Grant Date Stock Price. (b) No MSUs will vest if the Average Return on Invested Capital during the Performance Period is less than 14%. (c) If the End of Performance Period Stock Price equals or exceeds 50% of the Grant Date Stock Price and the Average Return on Invested Capital during the Performance Period equals or exceeds 14%, the number of MSUs that may vest shall be calculated as follows: MSUs granted × (End of Performance Period Stock Price ÷ Grant Date Stock Price) In no event shall the number of shares of Common Stock delivered to Participant upon vesting of MSUs be more than 200% of the MSUs granted.

Payment Formula. The number of MSUs that may vest (the “Earned Percentage”) shall be determined after the end of the Performance Period in accordance with this Section, except as otherwise provided in Section 1.5 and Section 1.6. (a) No MSUs will vest if the End of Performance Period Stock Price is less than 50% of the Grant Date Stock Price. (b) No MSUs will vest if the Average Return on Invested Capital Equity during the Performance Period is less than 1420%. (c) If the End of Performance Period Stock Price equals or exceeds 50% of the Grant Date Stock Price and the Average Return on Invested Capital Equity during the Performance Period equals or exceeds 1420%, the number of MSUs that may vest shall be calculated as follows: MSUs granted × (End of Performance Period Stock Price Grant Date Stock Price) In no event shall the number of shares of Common Stock delivered to Participant upon vesting of MSUs be more than 200% of the MSUs granted.