Examples of Final Number in a sentence
Payout Factor (% of Target) Target Number of Performance Awards Granted Final Number of Common Stocks Issued 87.5% X 1,000 = 875 shares plus cash dividends Percentile Ranking Methodology: The percentile rank is calculated using the PERCENTRANK function in MS Excel, initially excluding Avista from the list.
If a Qualifying Termination occurs on or before December 31, 2022 and upon or following a 409A Change in Control Event, subject to the release requirement set forth in Section 5(b) of this Agreement, the unvested Initial Number of PRSUs or the unvested Final Number of PRSUs, as applicable, shall vest on the date of such Qualifying Termination.
Upon making such determination, Acquiror shall notify the Company and the Shareholders of the Final Number.
If the 409A Change in Control Event occurs after December 31, 2021 and before December 31, 2022, the Final Number of PRSUs shall be determined based on the Company’s Relative TSR for a shortened performance period ending on the last trading day preceding the date of the 409A Change in Control Event (with the amount of the Final Number of PRSUs determined in accordance with clause (2) above as modified by this paragraph).
If, however, the Company’s Relative TSR for the Final Performance Period is 50 basis points, the Final Number of PRSUs will equal 140 (the Initial Number of PRSUs reduced by 6.25%, rounded down to the nearest whole RSU) and, therefore, 28 RSUs will be scheduled to vest in January 2023 (140 less the 112 Initial Number of PRSUs that have already vested).
If, however, the Company’s Relative TSR for the Final Performance Period is 250 basis points, the Final Number of PRSUs will equal 175 (which is 175% of the Target Performance-Vest RSUs) and, therefore, 63 RSUs will be scheduled to vest in January 2023 (175 less the 112 Initial Number of PRSUs that have already vested).
In addition and notwithstanding the table above, if the Company’s Relative TSR for the Final Performance Period is 100 basis points or greater, the Initial Number of PRSUs shall not be reduced if the number of Target Performance-Vest RSUs determined pursuant to the foregoing table based on performance for the Final Performance Period would be less than the Initial Number of PRSUs (in which case the Final Number of PRSUs will equal the Initial Number of PRSUs).
Between the date hereof and the Closing Date, Acquiror shall determine the final number of TRG Common Stock that will be issued and outstanding immediately prior to the closing of the transactions contemplated by this Agreement (the "Final Number").
Payout Factor(% of Target) Target Number of Performance Awards Granted Final Number of Common Stocks Issued 70% X 970 = 679 shares plus cash dividends Percentile Ranking Methodology: The percentile rank is calculated using the PERCENTRANK function in MS Excel, initially excluding Avista from the list.
Upon the delivery by the Third Appraiser of its Appraiser's Certificate, the Final Number of ATI Shares will be determined as provided in this paragraph (f).