Common use of Performance Percentage Clause in Contracts

Performance Percentage. The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: Adjusted Economic Combined Ratio for the Award Period Performance Percentage 97.7% or higher 0 % 96.7% 35 % 95.7% 65 % 94.7% 85 % 93.7% 100 % 92.7% 115 % 91.7% 135 % 90.7% 165 % 89.7% or lower 200 % The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent. In the event that the Adjusted Economic Combined Ratio for the Award Period is not a percentage value shown above, the Performance Percentage shall be determined by straight-line interpolation between the two successive Adjusted Economic Combined Ratio values from the table above.

Appears in 1 contract

Samples: Grant (OneBeacon Insurance Group, Ltd.)

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Performance Percentage. The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: Adjusted Economic Combined Ratio for the Award Period Performance Percentage 97.799% or higher 0 0% 96.798% 35 35% 95.797% 65 65% 94.796% 85 85% 93.795% 100 100% 92.794% 115 115% 91.793% 135 135% 90.792% 165 165% 89.791% or lower 200 200% The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent. In the event that the Adjusted Economic Combined Ratio for the Award Period is not a whole percentage value shown abovevalue, the Performance Percentage shall be determined by straight-line interpolation between the two successive whole Adjusted Economic Combined Ratio values from the table above.

Appears in 1 contract

Samples: Grant (OneBeacon Insurance Group, Ltd.)

Performance Percentage. The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: Adjusted Economic Combined Ratio for the Award Period Performance Percentage 97.799% or higher 0 % 96.798% 35 % 95.797% 65 % 94.796% 85 % 93.795% 100 % 92.794% 115 % 91.793% 135 % 90.792% 165 % 89.791% or lower 200 % The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent. In the event that the Adjusted Economic Combined Ratio for the Award Period is not a whole percentage value shown abovevalue, the Performance Percentage shall be determined by straight-line interpolation between the two successive whole Adjusted Economic Combined Ratio values from the table above.

Appears in 1 contract

Samples: Grant (OneBeacon Insurance Group, Ltd.)

Performance Percentage. The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: Adjusted Economic Combined Ratio for the Award Period Performance Percentage 97.798% or higher 0 0% 96.797% 35 35% 95.796% 65 65% 94.795% 85 85% 93.794% 100 100% 92.793% 115 115% 91.792% 135 135% 90.791% 165 165% 89.790% or lower 200 200% The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent. In the event that the Adjusted Economic Combined Ratio for the Award Period is not a whole percentage value shown abovevalue, the Performance Percentage shall be determined by straight-line interpolation between the two successive whole Adjusted Economic Combined Ratio values from the table above.

Appears in 1 contract

Samples: Grant (OneBeacon Insurance Group, Ltd.)

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Performance Percentage. The Performance Percentage applicable to the Units shall be dependent upon the extent to which the Performance Objective is attained and shall be determined as follows: Adjusted Economic Combined Ratio for the Award Period Performance Percentage 97.798% or higher 0 % 96.797% 35 % 95.796% 65 % 94.795% 85 % 93.794% 100 % 92.793% 115 % 91.792% 135 % 90.791% 165 % 89.790% or lower 200 % The Adjusted Economic Combined Ratio for the Award Period is calculated to the nearest one-tenth of one percent. In the event that the Adjusted Economic Combined Ratio for the Award Period is not a whole percentage value shown abovevalue, the Performance Percentage shall be determined by straight-line interpolation between the two successive whole Adjusted Economic Combined Ratio values from the table above.

Appears in 1 contract

Samples: Grant (OneBeacon Insurance Group, Ltd.)

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