Performance Between Target and Maximum Clause Samples

The 'Performance Between Target and Maximum' clause defines how outcomes are handled when performance metrics fall between a predetermined target and a maximum threshold. Typically, this clause outlines a sliding scale or graduated system for rewards, bonuses, or other benefits, where the amount received increases proportionally as performance moves from the target toward the maximum. For example, if a sales team exceeds its target but does not reach the maximum, they may receive a partial bonus based on their exact results. This clause ensures fair and transparent compensation or recognition for achievements that surpass the minimum goal but do not reach the highest possible level, thereby incentivizing continued improvement without requiring perfection.
Performance Between Target and Maximum. If the Company’s Performance Rate is between “Target” and “Maximum,” the percentage of the maximum RSUs granted to the Participant under the Agreement that shall vest pursuant to Section 1(d) of the Agreement shall equal (a) 50% of the maximum RSUs granted under the Agreement, plus (b) an additional percentage, not to exceed 25%, of the maximum RSUs granted to the Participant under the Agreement, which percentage shall be determined in accordance with the following formula: