Vesting Formula. Target Number of mPRSUs x (100% + ((LRCX TSR % – Index TSR %) x 2)) = mPRSUs vested (subject to the maximum in the Payout Range) • Target Number of mPRSUs is vested if the LRCX TSR % equals the Index TSR % • Number of mPRSUs vested increases by 2% of target for each 1% that the LRCX TSR % exceeds the Index TSR % • Number of mPRSUs vested decreases by 2% of target for each 1% that the LRCX TSR % trails the Index TSR % • The result of the Vesting Formula is rounded down to the nearest whole number • LRCX TSR % (LRCX 50-trading day average closing price as of the last trading day of the Performance Period – LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Index TSR % (Index 50-trading day average closing price as of the last trading day of the Performance Period – Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Notes: • The LRCX TSR % calculation excludes any dividends paid on the Company’s common stock. • All Index TSR % calculations are based on the companies traded on the Index as of the applicable dates
Vesting Formula. Employees who leave the Employer shall receive fully vested payout or transfer of all pension contributions and the interest earned by those contributions.
Vesting Formula. Target Number of mPRSUs x (100% + ((LRCX TSR % – Index TSR %) x 2)) = mPRSUs vested (subject to the maximum in the Payout Range) ◦ Target Number of mPRSUs is vested if the LRCX TSR % equals the Index TSR % ◦ Number of mPRSUs vested increases by 2% of target for each 1% that the LRCX TSR % exceeds the Index TSR % ◦ Number of mPRSUs vested decreases by 2% of target for each 1% that the LRCX TSR % trails the Index TSR % ◦ The result of the Vesting Formula is rounded down to the nearest whole number • LRCX TSR % (LRCX 50-trading day average closing price as of the last trading day of the Performance Period – LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Index TSR % Exhibit A – Market-Based Performance Restricted Stock Unit Award Agreement (Index 50-trading day average closing price as of the last trading day of the Performance Period – Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100 • Notes: ▪ The LRCX TSR % calculation excludes any dividends paid on the Company’s common stock. ▪ All Index TSR % calculations are based on the companies traded on the Index as of the applicable dates o E.g., The Index is used as of the applicable dates even if companies are added / removed from the Index during the Performance Period. ▪ The Company’s relative performance is determined using calculations based on the 50-trading day average closing price methodology for all TSR calculations. ▪ In the event of a Corporate Transaction, the closing price of the Company’s common stock as of the closing date of the Corporate Transaction is used to convert the sum of the “performance pro rata” and “target pro rata” number of Shares into the Cash Award. ▪ If the Index is no longer traded / calculated, the Company’s relative performance is determined using calculations based on the companies included in the Index at the time trading / calculation last occurred. The Compensation Committee will calculate the Index TSR % in the manner that most closely approximates the Index in its sole discretion.
Vesting Formula. Counsel who leave the Employer shall receive fully vested payout or transfer of all pension contributions and the interest earned by those contributions.
Vesting Formula. Best Buy’s TSR % is then compared to the TSR % of the S&P 500 member companies. For Performance below the 25th Percentile, no shares vest. For Performance from 25th Percentile to 40th Percentile, vesting is determined based on the following formula: (Best Buy TSR % - S&P 25th Percentile TSR %) x 50% (S&P 40th Percentile TSR % - S&P 25th Percentile TSR %) For Performance from 40th Percentile to 50th Percentile, vesting is determined based on the following formula: (Best Buy TSR % - S&P 40th Percentile TSR %) x 50% + 50% (S&P 50th Percentile TSR % - S&P 40th Percentile TSR %) For Performance from 50th Percentile to 75th Percentile, vesting is determined based on the following formula: (Best Buy TSR % - S&P 50th Percentile TSR %) x 50% + 100% (S&P 75th Percentile TSR % - S&P 50th Percentile TSR %) For Performance at or above the 75th Percentile, 150% of shares vest. Restricted Share Vesting Restricted Shares will be earned if Best Buy’s fiscal 2009 Economic Value Added (“EVA”) achieves a certain level compared with the fiscal 2009 EVA target as determined by the Committee. EVA measures the amount by which Best Buy’s after-tax profits, after certain adjustments, exceed Best Buy’s cost of capital. The following sets forth the percentage of Restricted Shares that may be earned based on varying levels of Best Buy’s fiscal 2009 EVA as a percentage of the fiscal 2009 EVA target: Fiscal 2009 EVA as a Percentage of Fiscal 2009 EVA Target % of Restricted Shares that will be Earned 111% and Above 125 % At least 91% but less than 111% 100 % At least 75% but less than 91% 75 % Below 75% 0 % Performance Unit Vesting Performance Units will be earned if Best Buy’s fiscal 2009 Economic Value Added (“EVA”) achieves a certain level compared with the fiscal 2009 EVA target as determined by the Committee. EVA measures the amount by which Best Buy’s after-tax profits, after certain adjustments, exceed Best Buy’s cost of capital. The following sets forth the dollar value of Performance Units that may be earned based on varying levels of Best Buy’s fiscal 2009 EVA as a percentage of the fiscal 2009 EVA target: Fiscal 2009 EVA as a Percentage of Fiscal 2009 EVA Target $ Value of Performance Units that will be Earned 111% and Above $ 1.25 At least 91% but less than 111% $ 1.00 At least 75% but less than 91% $ 0.75 Below 75% $ 0.00
Vesting Formula. Best Buy’s TSR % is then compared to the TSR % of the S&P 500 member companies. For Performance below the 25th Percentile, no shares vest. For Performance from 25th Percentile to 40th Percentile, vesting is determined based on the following formula:
Vesting Formula. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.04) to a partially-Vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the provisions of this Section 5.03(A) apply to the Participant’s Account Balance. At any relevant time following the distribution, the Plan Administrator will determine the Participant’s Vested Account Balance derived from Employer contributions in accordance with the following formula: P(AB + D) - D. To apply this formula, “P” is the Participant’s current vesting percentage at the relevant time, “AB” is the Participant’s Employer-derived Account Balance at the relevant time and “D” is the amount of the earlier distribution. If, under a restated Plan, the Plan has made distribution to a partially-Vested Participant prior to its restated Effective Date and is unable to apply the cash-out provisions of Section 5.04 to that prior distribution, this special vesting formula also applies to that Participant’s remaining Account Balance. The Employer, in an Addendum to its Adoption Agreement, may elect to modify this formula to read as follows: P(AB + (R x D)) - (R x D). For purposes of this alternative formula, “R” is the ratio of “AB” to the Participant’s Employer-derived Account Balance immediately following the earlier distribution.
Vesting Formula. If the Trustee makes a distribution (other than a cash-out distribution described in Section 5.04) to a partially-Vested Participant, and the Participant has not incurred a Forfeiture Break in Service at the relevant time, the provisions of this Section 5.03(A) apply to the Participant's Account Balance. At any relevant time following the distribution, the Plan Administrator will determine the Participant's Vested Account Balance derived from Employer contributions in accordance with the following formula: P(AB + D) - D.
Vesting Formula. An eligible employee shall be entitled to a percentage of vacation entitlement based on the number of weeks the employee works in a calendar year, in accordance with the following: Weeks Worked Percentage of Vacation Entitlement Weeks Worked Percentage of Vacation Entitlement 26 100 Percent 19 73 25 96 18 69 24 92 17 65 23 88 16 61 22 84 15 57 21 80 14 53 20 76 13 50 12 or fewer 0 Vesting begins on January 1st of the year following the employee’s hire date.
Vesting Formula
