Transaction Percentage

Transaction Percentage. The sum of (i) the product of 33.3% and a fraction, the numerator of which is the number of months (rounded down to the nearest whole number) occurring since the most recently occurring Determination Date prior to the Change of Control or if no Determination Date has occurred, the Grant Date, and the denominator of which is 12 and (ii) 0% if the Change of Control occurs prior to the first Determination Date, 33.3% if the Change of the Change of Control occurs between the first and the second... Determination Dates or 66.7% if the Change of Control occurs between the second and the third Determination Dates minus (y) any percentage of the Award Earned prior to the occurrence of the Change of Control and the application of Section 6. View More