Catch-up Vesting Percentage

Catch-up Vesting Percentage. A percentage determined as follows: (a) for the calendar year 2006, the Catch-up Vesting Percentage will equal zero percent. (b) for any of calendar years 2007, 2008, 2009 or 2010, if the Historic Vesting Percentage was equal to 20%, the Catch-up Vesting Percentage will equal zero percent; (c) for any of calendar years 2007, 2008, 2009 or 2010, if the Historic Vesting Percentage was less than 20%, the Catch-up Vesting Percentage will be an amount (expressed as a percentage) equal to (i) the... product of (A) two multiplied by (B) the Revised EBITDA Percentage minus 90% minus (ii) the Historic Vesting Percentage. For example, if the Revised EBITDA Percentage for 2006 were 98% and the Historic Vesting Percentage for 2006 were 10%, the Catch-up Vesting Percentage for such year (as determined on March 31, 2008) would be 6%. View More