Target Units definition

Target Units means one hundred percent (100%) of the total number of PSUs granted on the Grant Date, as specified in Section 1 of the Award Agreement.

Target Units means the number of Performance Units with respect to the number of Shares reflected in this Agreement that you could receive if the Performance Target level is achieved for the Performance Period. The number of Target Units is set forth on the cover page of this Award Agreement.

Target Units means the target number of Units eligible for vesting as shown on page 1.

Examples of Target Units in a sentence

• Any Target Units that do not vest in accordance with the table will be forfeited on the Vesting Date.

• The remaining number of Target Units shall be immediately canceled and forfeited without consideration as of the Termination Date.

• Such pro-rated number of Target Units shall remain outstanding until the end of the vesting period set forth in the Notice, and shall be settled in accordance with Section 6 hereof, as if the Grantee had remained in Continuous Service through the last day of the vesting period.

• Once the Company’s Operational Performance Results are determined by the Committee, the Company will confirm the number of Target Units that will vest or be forfeited on the Vesting Date, and the number of Additional Shares, if any, that will be issued to the Participant on the Vesting Date consistent with the following provisions: • If the Company’s Operational Performance Results are at or above the Target Performance Level, 100% of the Target Units will vest on the Vesting Date.

• If the Company’s Operational Performance Results are less than the Target Performance Level, some or all of the Target Units will be forfeited.

More Definitions of Target Units

Target Units means the number of Units set forth in the Notice divided by 1.5 Units.

Target Units has the meaning ascribed to it in the recitals.

Target Units. The actual number of Performance Stock Units that are eligible to vest in accordance with Vesting Schedule of the Agreement shall be based on the attainment level of the Performance Goals, in accordance with the following formula: The product of the Target Units, multiplied by Vested Percentage (as set forth below). 2. Performance Period: July 8, 2015 – March 31, 2018. 3. Performance Goals: The Vested Percentage of the Performance Stock Units shall be determined by the TSR Percentile Rank based on the comparison of the Total Shareholder Return (as defined below) of the Company for the Performance Period against the Total Shareholder Return for the Performance Period of all companies included in the S&P 500 at the beginning of the Performance Period (excluding those companies that are not members of the S&P 500 or any new companies that become members of the S&P 500 as of the end of the Performance Period. “Total Shareholder Return” shall mean the quotient of (i) the Ending Stock Price of the applicable issuer’s shares at the end of the Performance Period minus the Beginning Stock Price of such issuer’s shares at the beginning of the Performance Period plus assumed reinvestment as of the ex-dividend date of ordinary and extraordinary cash dividends, if any, paid by such issuer during the Performance Period, divided by (ii) the Beginning Stock Price of such issuer’s Shares at the beginning of the Performance Period. TSR expressed as a formula shall be as follows: TSR = (Ending Stock Price – Beginning Stock Price + Assumed Dividend Reinvestment) / Beginning Stock Price The stock prices and cash dividend payments reflected in the calculation of Total Shareholder Return shall be adjusted to reflect stock splits during the Performance Period, and dividends shall be assumed to be reinvested in the relevant issuer’s shares for purposes of the calculation of Total Shareholder Return. Attainment among the TSR Percentile Ranking goals is subject to interpolation on a linear basis. (Employees) TSR Percentile Ranking Vested Percentage Maximum: 80th Percentile or higher 200% Target: 50th Percentile or higher 100% Threshold: 25th Percentile 50% Below Threshold 0%

Target Units shall have the meaning set forth in the preamble.

Target Units means the issued and outstanding units in Target; zz) “Target Warrantholders” means the holders of Target Warrants;

Target Units means the number of Performance Units with respect to the number of Shares reflected in this Agreement that you could receive if each of the applicable Performance Target levels is achieved for the Performance Period. The number of Target Units is set forth on the cover page of this Award Agreement.

Target Units has the meaning set forth in Section 2.1.