Year 3. The number of Performance RSUs for which a Release Date will occur on the third date set forth or contemplated after “Performance RSUs Release Date” in the Base Instrument shall be the product of (I) the Number of Performance RSUs Granted and (II) the Year 3 Vesting Percentage. Such number of RSUs shall be rounded down to the nearest whole RSU.
Year 3 i. [ ] Eligible Shares (representing 75% of the Maximum Share Amount) will be subject to vesting based on performance achievement against the following metrics measured on a cumulative basis over the Three-Year Performance Period (using a three-year average): • One-third of the Eligible Shares will vest if 4.5% GITBV is achieved; • Two-thirds of the Eligible Shares will vest if 7.0% GITBV is achieved; • 100% of the Eligible Shares will vest if 9.5% of GITBV is achieved. The number of earned shares shall be interpolated on a straight-line basis based on achievement of GITBV levels between the performance metrics specified above. No Eligible Shares shall be earned if GITBV is less than 4.5%, and the maximum earned shares shall be capped at the Eligible Share amount even if GITVB in excess of 9.5% is achieved.
ii. Following the conclusion of the Three-Year Performance Period, Employee shall vest in a number of Shares equal to the number of Eligible Shares earned based on cumulative three-year GITBV performance minus the sum of any Year 1 Payout and Year 2 Payout (“Net GITBV Shares Earned”). In the event that the foregoing calculation results in a negative amount, Net GITBV Shares Earned shall be zero. Any Net GITBV Shares Earned shall vest and be delivered to the Employee upon the Committee’s certification of performance achievement following the end of the Three-Year Performance Period.
Year 3. 1a 1c 1f 2a 2b 2c 2d 3a 3c 3d 4a 4b 1b 1e 3b 4c Plus any additional from Year 1 (minimum of 8) 1d 2e 3e 4d 4e 4f Plus any additional from Year 1 or 2 (minimum of 8)
Year 3. Effective January 1, 2018, (January 1, 2018 to December 31, 2018), the base compensation of Police Officers covered by this Agreement shall be subject to the Automatic Adjustment without any reopener, unless otherwise agreed to by the Parties, if each of the following thresholds is met: Threshold No. Threshold 1 { City’s 2016 Audited Total General Fund Revenue ÷ City’s 2015 Audited Total General Fund Revenue } > 1.05 2 { City’s 2016 Audited Total CCPD Revenue ÷ City’s 2015 Audited Total CCPD Revenue } > 1.05 3 { City’s Unaudited Total General Fund Revenue from October 1, 2016 to Xxxxx 00, 0000 ÷ Xxxx’s Unaudited Total General Fund Revenue from October 1, 2015 to March 31, 2016 } > 1.05 4 { City’s Unaudited Total CCPD Revenue from October 1, 2016 to Xxxxx 00, 0000 ÷ Xxxx’s Unaudited Total CCPD Revenue from October 1, 2015 to March 31, 2016 } > 1.05 5 No declaration of disaster has been issued pursuant to federal or state law for any area within the corporate limits of the City of Baytown at any time during calendar year 2017. If each of the thresholds is not satisfied, the Agreement shall be reopened automatically solely for the purposes of determining base compensation for that year unless otherwise agreed to by the Parties. It is understood and agreed that the Police Officers covered by this agreement shall be offered at least the same average percent increase in base compensation received by all other non- civil service employees of the City commencing January 1, 2018.
Year 3. Effective the first pay period in July 2016, all eligible bargaining unit member who are on payroll as of July 2016, shall receive a one and one-half percent (1.5%) base rate salary increase.
Year 3. Del W1.A2.Y3: Technical report which for all the tasks of TaskW1.A2. provides a roadmap, containing an outline of research directions to advance the state of the art towards the vision outlined in the beginning of this document.
Year 3. Within 30 days of the last day of Year 3, Buyer will pay to Seller an Earnout payment equal to 15% of Gross Revenue which are in excess of $13.68 million. Within 30 days of the last day of Year 3, Buyer will deliver its certificate signed by its chief financial officer setting forth Buyer’s calculation of the Gross Revenue for Year 3 together with such back up documentation as Seller may reasonably request with respect to Buyer’s calculation of Gross Revenue and the Earnout Payment for such period.
Year 3. Effective January October 1, 20035, bargaining unit according to the City’s performance rating instrument will receive a 4% merit increase added to their base rate of pay.
Year 3. Implement approved legislation that may be necessary to accomplish the objectives noted in Year 1. TAB 3A COLORADO=S TAMARACK PLAN
