Applicable Vesting Percentage definition

Applicable Vesting Percentage means (i) with respect to TSR Performance-Based Units, the TSR Vesting Percentage, (ii) with respect to New IP Performance-Based Units, the New IP Vesting Percentage, and (iii) with respect to Major IP Performance-Based Units, the Major IP Vesting Percentage.

Applicable Vesting Percentage means the following “shares earned percentage” (or equivalent performance vesting percentage referenced in the applicable Cigna Stock Plan or equity award agreement) with respect to each Cigna Strategic Performance Share Award, in each case, as determined by the Board of Directors of Cigna (or, if appropriate, any committee thereof administering the applicable Cigna Stock Plan) prior to the Effective Time:

Applicable Vesting Percentage means (i) with respect to TSR Performance-Based Units, the TSR Vesting Percentage, (ii) with respect to Recurrent Consumer Spending Performance-Based Units, the Recurrent Consumer Spending Vesting Percentage, and (iii) with respect to IP Performance- Based Units, the IP Vesting Percentage.

Examples of Applicable Vesting Percentage in a sentence

• The Period of Restriction shall terminate with respect to the amount equal to the Applicable Vesting Percentage multiplied by the First Category Shares, provided that: (i) the Committee shall have certified the Three Year Average Percentile level for the Company’s “Return on Equity” that corresponds to such Applicable Vesting Percentage; and (ii) Grantee is an Employee on the Date of Certification.

• The Period of Restriction shall terminate with respect to the amount equal to the Applicable Vesting Percentage multiplied by the Third Category Shares, provided that: (i) the Committee shall have certified the Three Year Average Percentile level for the Company’s “Tier 1 Capital Ratio” that corresponds to such Applicable Vesting Percentage; and (ii) Grantee is an Employee on the Date of Certification.

• The Period of Restriction shall terminate with respect to the amount equal to the Applicable Vesting Percentage multiplied by the Second Category Shares, provided that: (i) the Committee shall have certified the Three Year Average Percentile level for the Company’s “Stock Price to Book Ratio” that corresponds to such Applicable Vesting Percentage; and (ii) Grantee is an Employee on the Date of Certification.

• The Period of Restriction shall terminate with respect to the amount equal to the Applicable Vesting Percentage multiplied by the Second Category Shares, provided that: (i) the Committee shall have certified the Three Year Average Percentile level for the Company's "Stock Price to Book Ratio" that corresponds to such Applicable Vesting Percentage; and (ii) Grantee is an Employee on the Date of Certification.

• The Period of Restriction shall terminate with respect to the amount equal to the Applicable Vesting Percentage multiplied by the Second Category Shares, provided that: (i) the Committee shall have certified the Three Year Average Percentile level for the Company’s “Stock Price to Book Ratio” that corresponds to such Applicable Vesting Percentage; and(ii) Grantee is an Employee on the Date of Certification.

More Definitions of Applicable Vesting Percentage

Applicable Vesting Percentage means a percentage between 20% and 200% determined based on Adjusted EBITDA per fully diluted share being between 60% and 150% of Target Adjusted EBITDA per fully diluted share, such that the Applicable Vesting Percentage shall be 20% if Adjusted EBITDA per fully diluted share is equal to 60% of Target Adjusted EBITDA per fully diluted share (the “Threshold”), and the Applicable Vesting Percentage shall increase by 2% for each full percentage point by which Adjusted EBITDA per fully diluted share exceeds the Threshold, up to a maximum of 200% if Adjusted EBITDA per fully diluted share is equal to or greater than 150% of Target Adjusted EBITDA per fully diluted share. Failure of Adjusted EBITDA per fully diluted share to be at least equal to the Threshold will result in the Applicable Vesting Percentage being 0%, and in no event shall the Applicable Vesting Percentage exceed 200%.

Applicable Vesting Percentage means, either (1) in the event the Vesting Event occurs because an Acceleration Event occurs, 100% or (2) in the event the Vesting Event occurs because a Performance Goal is achieved, one of the following: (A) 100%, if the Performance Goal that is achieved is Performance Goal Number One; (B) at the sole discretion of the Committee (as defined in the Plan) pursuant to the Plan, in an amount not to exceed 90%, if the Performance Goal that is achieved is Performance Goal Number Two; (C) at the sole discretion of the Committee (as defined in the Plan) pursuant to the Plan, in an amount not to exceed 75%, if the Performance Goal that is achieved is Performance Goal Number Three; or (D) at the sole discretion of the Committee (as defined in the Plan) pursuant to the Plan, in an amount not to exceed 50%, if the Performance Goal that is achieved is Performance Goal Number Four.

Applicable Vesting Percentage is defined in Section 3(d).

Applicable Vesting Percentage is defined in Section 3(d). -----------------------------

Applicable Vesting Percentage means a percentage between 20% and 200% determined based on Return on Assets being between 60% and 150% of Target Return on Assets as of the Vesting Date, such that the Applicable Vesting Percentage shall be 20% if Return on Assets is equal to 60% of Target Return on Assets as of the Vesting Date, and the Applicable Vesting Percentage shall increase by 2% for each 1% increase in the percentage that Return on Assets is to Target Return on Assets, such that the Applicable Percentage shall increase up to 200% if Return on Assets is equal to or greater than 150% of Target Return on Assets as of the Vesting Date. Failure of Return on Assets to be at least 60% of Target Return on Assets as of the Vesting Date will result in the Applicable Vesting Percentage being 0%, and in no event shall the Applicable Vesting Percentage exceed 200%.

Applicable Vesting Percentage means the percentage used for purposes of calculating Eligible Earnings, based on the following schedule:

Applicable Vesting Percentage means the percentage used for purposes of calculating Eligible Earnings, based on the following schedule:Employment Period First 12 months 50 % Second 12 months 75 % Thereafter 100 % d. Board shall mean the Board of Managers of the Company.e. Bonus shall mean the benefits paid to Eligible Employees under this Plan.f. Bonus Pool shall mean an amount calculated based on the following: Pre-bonus Net Income multiplied by 14%.g. Company shall mean National Beef Packing Company, LLC.h. Eligible Earnings shall mean: