Adjusted Grant Amount

Adjusted Grant Amount. Shall mean the actual number of shares of Performance Units granted to the Participant pursuant to this Agreement (rounded down to the nearest whole share), as finally determined as of the end of the current fiscal year of the Company as follows: (i) if the Company's actual Adjusted EBITDA for such fiscal year equals or exceeds Forecasted Adjusted EBITDA for such fiscal year, the Adjusted Grant Amount shall mean the Grant Amount; (ii) if the Company's actual Adjusted EBITDA for such fiscal... year is less than Forecasted Adjusted EBITDA for such fiscal year, but is not less than eighty percent (80%) of such forecast, the Adjusted Grant Amount shall mean the Grant Amount, reduced by the same percentage by which actual Adjusted EBITDA is lower than Forecasted Adjusted EBITDA for such fiscal year; or (iii) if the Company's actual Adjusted EBITDA for such fiscal year is less than eighty percent (80%) of Forecasted Adjusted EBITDA, the Adjusted Grant Amount shall be zero. View More