Common use of Revenue Growth Payout Factor Clause in Contracts

Revenue Growth Payout Factor. 2.3.1 The “Revenue Growth Payout Factor” shall be determined under the table below based on the Revenue Growth of the Company for the Performance Period. Less than $ 0 % $ (threshold) 60 % $ (target) 100 % $ and above (maximum) $ and above 300 % If the Revenue Growth is between any two data points set forth in the second column of the above table, the Revenue Growth Payout Factor shall be determined by interpolation between the corresponding data points in the second column of the table as follows: the difference between the target Revenue Growth and the lower data point shall be divided by the difference between the higher data point and the lower data point, the resulting fraction shall be multiplied by the difference between the two corresponding data points in the third column of the table, and the resulting product shall be added to the lower corresponding data point in the third column of the table, with the resulting sum being the Revenue Growth Payout Factor. 2.3.2 The Company’s “Revenue Growth” for the Performance Period is equal to the Revenue for the year ended December 31, minus Revenue for the base year ended December 31, , both per the year-end audited financial statements. The Board of Directors, in its discretion pursuant to Section 2.4, may adjust the Revenue Growth calculation as necessary for events such as acquisitions (including joint ventures), divestitures, accounting changes, regulatory developments, tax law changes, restructurings, special charges, nonrecurring charges, and other extraordinary events. Revenue Growth is consolidated net sales per the year-end audited financial statements.