Common use of Revenue Performance Share Number Clause in Contracts

Revenue Performance Share Number. (i) Within 120 days after the end of the Performance Period, the Committee will calculate the CAGR of Enterprise Revenue from fiscal year 2017 to fiscal year 2020 (“Enterprise Revenue CAGR”). For example, if fiscal year 2017 Enterprise Revenue was $39.4 billion and fiscal year 2020 Enterprise Revenue was $41.5 billion, Enterprise Revenue CAGR would be 1.75%. (ii) Your Revenue Performance Share Number will be equal to the percentage of the Revenue Target that is listed in the column below with the heading “Number of Shares Earned” opposite the band in the column with the heading “Performance” in which Enterprise Revenue CAGR falls. If Enterprise Revenue CAGR is between Threshold Enterprise Revenue CAGR and Target Enterprise Revenue CAGR or between Target Enterprise Revenue CAGR and Maximum Enterprise Revenue CAGR, your Revenue Performance Share Number will be equal to a percentage interpolated on a linear basis for performance between such amounts. For example, if Enterprise Revenue CAGR is 1.75%, then your Revenue Performance Share Number would be 125% of your Revenue Target. The Revenue Performance Share Number will be rounded to the nearest whole number.

Appears in 2 contracts

Samples: Long Term Incentive Program Award Agreement (Best Buy Co Inc), Long Term Incentive Program Award Agreement (Best Buy Co Inc)

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Revenue Performance Share Number. (i) Within 120 days after the end of the Performance Period, the Committee will calculate the CAGR of Enterprise Revenue from fiscal year 2017 2018 to fiscal year 2020 2021 (“Enterprise Revenue CAGR”). For example, if fiscal year 2017 2018 Enterprise Revenue was $39.4 41.4 billion and fiscal year 2020 2021 Enterprise Revenue was $41.5 43.3 billion, Enterprise Revenue CAGR would be 1.751.50%. (ii) Your Revenue Performance Share Number will be equal to the percentage of the Revenue Target that is listed in the column below with the heading “Number of Shares Earned” opposite the band in the column with the heading “Performance” in which Enterprise Revenue CAGR falls. If Enterprise Revenue CAGR is between Threshold Enterprise Revenue CAGR and Target Enterprise Revenue CAGR or between Target Enterprise Revenue CAGR and Maximum Enterprise Revenue CAGR, your Revenue Performance Share Number will be equal to a percentage interpolated on a linear basis for performance between such amounts. For example, if Enterprise Revenue CAGR is 1.75%, then your Revenue Performance Share Number would be 125% of your Revenue Target. The Revenue Performance Share Number will be rounded to the nearest whole number.

Appears in 2 contracts

Samples: Long Term Incentive Program Award Agreement (Best Buy Co Inc), Long Term Incentive Program Award Agreement (Best Buy Co Inc)

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