Payout multiple means the number or multiple created
Payout multiple means the payout multiple set forth in the Lilly Relative Total Shareholder Return Performance Levels table set forth on the first page of this document, representing the attainment level of Xxxxx’x rTSR, measured against the performance goal attainment levels set forth in the table.
Payout multiple means the payout multiple set forth in the Lilly Relative Total Shareholder Return Performance Levels table set forth on the first page of this document, representing the attainment level of Lilly’s rTSR, measured against the performance goal attainment levels set forth in the table.
More Definitions of Payout multiple
Payout multiple means defined as the number or
Payout multiple means the number or multiple created 922 by dividing the statutorily defined claims-paying capacity as 923 determined in subparagraph (4)(c)1. by the aggregate
Payout multiple shall be a value equal to:
(i) 0.0 if the CAGR of the Company’s TSR for the Performance Cycle is less than 2%;
(ii) 0.2 if the CAGR of the Company’s TSR for the Performance Cycle is 5%; and
(iii) 0.2 plus an additional 0.2 for each 0.5% increase in the CAGR of the Company’s TSR above 5% for the Performance Cycle; provided, however that in no event shall the Payout Multiple be greater than 5.0.
Payout multiple means the multiple determined from the following table, based on ROIC (as defined below) during the applicable LTI Performance Period, as determined by the Company: In the event ROIC falls between 8.0% and 12.0% or between 12.0% and 25.0%, linear interpolation shall be used to determine the Payout Multiple. By way of example, if ROIC is 11.0%, then the Payout Multiple will be 0.875x.
Payout multiple shall be a value equal to:
(i) 0.0 if the CAGR of Carnival Corporation’s TSR for the Performance Cycle is less than 5%;
(ii) 0.2 if the CAGR of Carnival Corporation’s TSR for the Performance Cycle is 5%; and
(iii) 0.2 plus an additional 0.2 for each 0.5% increase in the CAGR of Carnival Corporation’s TSR above 5% for the Performance Cycle; provided, however that in no event shall the Payout Multiple be greater than 5.0.
Payout multiple means the quotient of (i) the Net Holdback Fund divided by (ii) $5,000,000; provided, that if the Holdback Fund includes amounts in the Outstanding Claim Reserve and the Holders later become entitled to such amounts then the Payout Multiple for purposes of determining any additional payment to each Holder shall be the quotient of (i) the amount which was previously included in the Outstanding Claim Reserve that is to be paid to the Holders (and, for the avoidance of doubt, excluding the amount which is to be paid to the Lenders in accordance with Loan Interest Payoff Amount (as calculated in accordance with the proviso set forth in the definition of Loan Payout Multiple) and the Convertible Loan Payoff and Release) divided by (ii) $5,000,000.
Payout multiple means the number or multiple created by dividing the statutorily defined claims-paying capacity as determined in subpara- graph (4)(c)1. by the aggregate reimbursement premiums paid by all insur- ers estimated or projected as of calendar year-end.