Common use of Performance Measures and Amount of Award Earned Clause in Contracts

Performance Measures and Amount of Award Earned. The Performance Measures for the Performance Cycle established for the Awards made in subsection a. are set forth in, or referenced by, Schedule B. The amount of each Award earned relative to the number of Target Performance Shares awarded shall depend on the relative degree to which the Performance Measures, as certified in writing by the Committee, are met, equaled or exceeded (including interpolations, if any) as set forth in, or referenced by, Schedule B. To the extent not set forth in Schedule B, documentation setting forth all Performance Measures and effects on the number of Target Performance Shares will be furnished to the Participant. Performance Shares are deemed to be earned only upon the completion of a Performance Cycle; provided that any termination of the Plan under which Performance Shares have been awarded prior to the normal expiration of the cycle will be deemed to be the completion of the cycle.

Appears in 4 contracts

Samples: Award Agreement (Innophos Holdings, Inc.), Award Agreement (Innophos Holdings, Inc.), Award Agreement (Innophos Holdings, Inc.)

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