Common use of Vesting Percentage Clause in Contracts

Vesting Percentage. The TUR Vesting Percentage for the Year 1 Annual Tranche shall be determined based on where the Partnership’s TUR during the Year 1 TUR Period falls within the following ranges: 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% Notwithstanding the foregoing, the Committee has full discretion to apply a TUR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.

Appears in 2 contracts

Samples: Performance Cash Award Agreement (NuStar Energy L.P.), Performance Cash Award Agreement (NuStar Energy L.P.)

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Vesting Percentage. The TUR Vesting Percentage for the Year 1 Annual Tranche shall be determined based on where the Partnership’s TUR during the Year 1 TUR Period falls within the following ranges: 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% Notwithstanding the foregoing, the Committee has full discretion to apply a TUR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.

Appears in 1 contract

Samples: Performance Cash Award Agreement (NuStar Energy L.P.)

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Vesting Percentage. The TUR Vesting Percentage for the Year 1 Annual Tranche shall be determined based on where the Partnership’s TUR during the Year 1 TUR Period falls within the following ranges: Partnership TUR Position TUR Vesting Percentage forYear 1 Annual Tranche 4th Quartile 0% 3rd Quartile 50% 2nd Quartile 100% 1st Quartile 150% Notwithstanding the foregoing, the Committee has full discretion to apply a TUR Vesting Percentage between 0% and 200% to the Year 1 Annual Tranche.

Appears in 1 contract

Samples: Performance Unit Award Agreement (NuStar Energy L.P.)

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