Common use of Valuation of Performance Units Clause in Contracts

Valuation of Performance Units. The Performance Units shall have a Unit Value as set forth in Section 4(c) and/or Section 4(f) of the Agreement, as applicable. The value of any Performance Units granted under the Award that vest on any Vesting Date or that vest in accordance with Section 5 of the Agreement and become payable shall be based on one or more percentages (each a “Percentage Multiple”) of the amount of the E-Commerce Division’s positive growth in its annual EBITDA, if any, during the applicable period(s) specified in Sections 2 and 4 of the Agreement. For purposes of this paragraph and Section 4 of the Agreement, the Percentage Multiples and the Total EBITDA Pool shall be determined as follows:

Appears in 4 contracts

Samples: Term Incentive Plan Award Agreement (Cash America International Inc), Term Incentive Plan Award Agreement (Cash America International Inc), Plan Award Agreement (Cash America International Inc)

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