Common use of XXXXXXX COMPANY Clause in Contracts

XXXXXXX COMPANY. By: ____________________________________ Name: Title: The undersigned hereby acknowledges receipt of an executed original of this Agreement, together with a copy of the prospectus for the Plan, dated __________, summarizing key provisions of the Plan, and accepts the award of the Performance Units granted hereunder on the terms and conditions set forth herein and in the Plan. Date: ______________________ Grantee: EXHIBIT A Management Objectives Performance Period Performance Units Earnings Per Share (“EPS”) Return on Invested Capital (“ROIC”) 5/1/20-4/30/20 Threshold Level: 50% of Target LevelTarget Level: (“Target Units”)Maximum Level: 200% of Target Level Threshold Level: _____Target Level: _____Maximum Level: _____ Threshold Level: _____Target Level: _____Maximum Level: _____ The Performance Units eligible to vest shall be determined 75% based upon the Company’s EPS and 25% based upon the Company’s ROIC. The total number of Performance Units eligible to vest in respect of the Performance Period shall be equal to the sum of (i) the number of EPS Qualified Shares plus (ii) the number of ROIC Qualified Shares (such number, the “Vesting Eligible Units”.) The Committee shall calculate the total number of Vesting Eligible Units no later than March 5th of the year following the end of the Performance Period (the date on which the Committee makes the actual determination, the “Determination Date”). In the event of a Change in Control, the Committee shall equitably adjust the EPS and ROIC metrics and shall calculate the performance through the date of the Change in Control. Notwithstanding the foregoing, if the EPS is below the Threshold Level set forth above for the Performance Period, then the number of Vesting Eligible Units shall be zero. In no event shall the number of Vesting Eligible Units exceed 200% of the Target Units.

Appears in 1 contract

Samples: Performance Units Agreement (J M SMUCKER Co)

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XXXXXXX COMPANY. By: ____________________________________ Name: Title: The undersigned hereby acknowledges receipt of an executed original of this Agreement, together with a copy of the prospectus for the Plan, dated __________, summarizing key provisions of the Plan, and accepts the award of the Performance Units granted hereunder on the terms and conditions set forth herein and in the Plan. Date: ______________________ Grantee: EXHIBIT A Management Objectives Performance Period Performance Units Earnings Per Share (“EPS”) Return on Invested Capital Average Net Sales Growth (“ROICANSG”) 5/1/20-4/30/20 5/1/20__- 4/30/20__ Threshold Level: 50% of Target LevelTarget Level Target Level: _____ (“Target Units”)Maximum Units”) Maximum Level: 200% of Target Level Threshold Level: ______ Target Level: ______ Maximum Level: _____ Threshold Level: ______ Target Level: ______ Maximum Level: _____ The Performance Units eligible to vest shall be determined 75% based upon the Company’s EPS and 25% based upon the Company’s ROICANSG. The total number of Performance Units eligible to vest in respect of the Performance Period shall be equal to the sum of (i) the number of EPS Qualified Shares plus (ii) the number of ROIC ANSG Qualified Shares (such number, the “Vesting Eligible Units”.) The Committee shall calculate the total number of Vesting Eligible Units no later than March 5th of the year following the end of the Performance Period (the date on which the Committee makes the actual determination, the “Determination Date”). In the event of a Change in Control, the Committee shall equitably adjust the EPS and ROIC metrics and shall calculate the performance through the date of the Change in Control. Notwithstanding the foregoing, if the EPS is below the Threshold Level set forth above for the Performance Period, then the number of Vesting Eligible Units shall be zero. In no event shall the number of Vesting Eligible Units exceed 200% of the Target Units.

Appears in 1 contract

Samples: Performance Units Agreement (J M SMUCKER Co)

XXXXXXX COMPANY. By: ____________________________________ Name: Title: The undersigned hereby acknowledges receipt of an executed original of this Agreement, together with a copy of the prospectus for the Plan, dated __________, summarizing key provisions of the Plan, and accepts the award of the Performance Units granted hereunder on the terms and conditions set forth herein and in the Plan. Date: ______________________ Grantee: EXHIBIT A Management Objectives Performance Period Performance Units Earnings Per Share (“EPS”) Return on Invested Capital (“ROIC”) 5/1/20-4/30/20 5/1/20__- 4/30/20__ Threshold Level: 50% of Target LevelTarget Level: _____ (“Target Units”)Maximum Level: 200% of Target Level Threshold Level: _____Target Level: _____Maximum Level: _____ Threshold Level: _____Target Level: _____Maximum Level: _____ The Performance Units eligible to vest shall be determined 75% based upon the Company’s EPS and 25% based upon the Company’s ROIC. The total number of Performance Units eligible to vest in respect of the Performance Period shall be equal to the sum of (i) the number of EPS Qualified Shares plus (ii) the number of ROIC Qualified Shares (such number, the “Vesting Eligible Units”.) The Committee shall calculate the total number of Vesting Eligible Units no later than March 5th of the year following the end of the Performance Period (the date on which the Committee makes the actual determination, the “Determination Date”). In the event of a Change in Control, the Committee shall equitably adjust the EPS and ROIC metrics and shall calculate the performance through the date of the Change in Control. Notwithstanding the foregoing, if the EPS is below the Threshold Level set forth above for the Performance Period, then the number of Vesting Eligible Units shall be zero. In no event shall the number of Vesting Eligible Units exceed 200% of the Target Units.

Appears in 1 contract

Samples: Performance Units Agreement (J M SMUCKER Co)

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XXXXXXX COMPANY. By: ____________________________________ _Name: Title: The undersigned hereby acknowledges receipt of an executed original of this Agreement, together with a copy of the prospectus for the Plan, dated __________, summarizing key provisions of the Plan, and accepts the award of the Performance Units granted hereunder on the terms and conditions set forth herein and in the Plan. Date: ______________________ Grantee: EXHIBIT A Management Objectives Performance Period Performance Units Earnings Per Share (“EPS”) Return on Invested Capital (“ROIC”) 5/1/20-4/30/20 5/1/20__- 4/30/20__ Threshold Level: 50% of Target LevelTarget Level: ______ (“Target Units”)Maximum Level: 200% of Target Level Threshold Level: _____:Target Level: _____:Maximum Level: _____ Threshold Level: _____:Target Level: _____:Maximum Level: _____ The Performance Units eligible to vest shall be determined 75% based upon the Company’s EPS and 25% based upon the Company’s ROIC. The total number of Performance Units eligible to vest in respect of the Performance Period shall be equal to the sum of (i) the number of EPS Qualified Shares plus (ii) the number of ROIC Qualified Shares (such number, the “Vesting Eligible Units”.) The Committee shall calculate the total number of Vesting Eligible Units no later than March 5th of the year following the end of the Performance Period (the date on which the Committee makes the actual determination, the “Determination Date”). In the event of a Change in Control, the Committee shall equitably adjust the EPS and ROIC metrics and shall calculate the performance through the date of the Change in Control. Notwithstanding the foregoing, if the EPS is below the Threshold Level set forth above for the Performance Period, then the number of Vesting Eligible Units shall be zero. In no event shall the number of Vesting Eligible Units exceed 200% of the Target Units.

Appears in 1 contract

Samples: Performance Units Agreement (J M SMUCKER Co)

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