New Cloud Bookings definition

New Cloud Bookings means the Company’s total term, cloud (SaaS), hybrid-cloud and Citrix Service Provider product subscription bookings or any other product bookings from subscription offerings, including renewals, expansions, extensions, upgrades, updates, trade-ups, initial and add-on or multiple year terms of any of the foregoing, over the Company’s total product bookings, in each case excluding ShareFile SMB bookings, measured from July 1, 2017 through the end of the Performance Period, and expressed as a percentage rounded to two decimal places. For purposes of this Agreement only, “bookings” means a clean customer order as defined under the Company’s practices.
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Examples of New Cloud Bookings in a sentence

  • There will be no Restricted Stock Units vested if New Cloud Bookings is less than the threshold.

  • The number of Restricted Stock Units vested as a percentage of the Target Award shall be determined based on New Cloud Bookings (as defined below) at the end of the Performance Period in accordance with the following table: Actual vesting will be based on straight-line interpolation between the %s to be designated per the above.

  • The New Cloud Bookings threshold, target and maximums will be the percentages approved by the Compensation Committee based on the Board of Directors approval of a multi-year plan in September 2017.

  • There will no payout if New Cloud Bookings is less than the threshold amount; 50% payout if New Cloud Bookings is at the threshold amount; 100% payout if New Cloud Bookings is at the target amount; and a maximum 200% payout if New Cloud Bookings is at or above the maximum amount.