Common use of Rounding Conventions Clause in Contracts

Rounding Conventions. • Regarding rounding of TSRs, percentages for each company in the Peer Group shall be computed to two decimal points (i.e., XX.XX%). • Regarding TSR Percentile Rank, the percentile rankings for each company in the Peer Group shall be rounded to the nearest percentage (e.g., 85% rather than 85.4166666%) before calculating the linearly interpolated payout, and the final payout percentage shall be rounded to the nearest percentage (e.g., 183% rather than 183.333333%). • Target Units that will vest and any Additional Shares that will be issued from the application of the methods and formula set forth in the foregoing subsection F(3) and Section D above shall only be paid out in whole shares of Common Stock. Any fractional shares that would otherwise result from such application shall be rounded down to the nearest whole number of shares.

Appears in 5 contracts

Samples: Performance Share Unit Award Agreement (KEMPER Corp), Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp), Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp)

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Rounding Conventions. Regarding rounding of TSRs, percentages for each company in the Peer Group shall be computed to two decimal points (i.e., XX.XX%). • Regarding TSR Percentile Rank, the percentile rankings for each company in the Peer Group shall be rounded to the nearest percentage (e.g., 85% rather than 85.4166666%) before calculating the linearly interpolated payout, and the final payout percentage shall be rounded to the nearest percentage (e.g., 183% rather than 183.333333%). • Target Units that will vest and any Additional Shares that will be issued from the application of the methods and formula set forth in the foregoing subsection F(3) and Section D above shall only be paid out in whole shares of Common Stock. Any fractional shares that would otherwise result from such application shall be rounded down to the nearest whole number of shares.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (KEMPER Corp)

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Rounding Conventions. Regarding rounding of TSRs, percentages for each company in the Peer Group shall be computed to two decimal points (points, i.e., XX.XX%). ) • Regarding TSR Percentile Rank, the percentile rankings for each company in the Peer Group shall be rounded to the nearest percentage (e.g., 85% rather than 85.4166666%) before calculating the linearly interpolated payout, and the final payout percentage shall be rounded to the nearest percentage (e.g., 183% rather than 183.333333%). • Target Units Shares that will vest and any Additional Shares that will be issued result from the application of the methods and formula set forth in the foregoing subsection F(3F (3) and Section D above shall only be paid out in whole shares of Common Stockshares. Any fractional shares that would otherwise result from such application shall be rounded down to the nearest whole number of shares.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (KEMPER Corp)

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