Examples of Payout Factor in a sentence
The Payout Factor will be fixed on the Fixing Date.* Price of the Underlying: The Price of the Underlying(i) means the official closing price of the Underlying(i) as calculated and published by the Index Sponsor(i).
The Total Earned Payout Factor will be the average (mean) of the BVPS Earned Payout Factor and the ROE Earned Payout Factor (i.e., the sum of the BVPS Earned Payout Factor and the ROE Earned Payout Factor, divided by two (2)).
The number of shares of Common Stock that a Participant may become eligible to receive will be equal to the applicable target number of Performance Shares awarded, adjusted by the applicable Total Earned Payout Factor (which is determined based on the achievement of the BVPS Growth and Relative ROE goals over the Performance Cycle).
The ROCE achieved will be certified by the Committee and will determine the Payout Factor based on the chart below.
Any MSU that vests following a Qualifying Termination during the applicable Protected Period following a Change in Control shall vest based on the Payout Factor determined by substituting for the Measurement Date the date of the Change in Control.