This excerpt taken from the AKS 8-K filed Oct 22, 2008.
Performance Share Award Agreement” means an agreement setting forth the terms and provisions applicable to a Performance Share Award under this Plan.
This excerpt taken from the AKS 10-K filed Mar 8, 2005.
PERFORMANCE SHARE AWARD AGREEMENT
Example: Assume that for the Performance Period AKS achieves the 40th percentile with respect to TSR, 8% CAGR with respect to stock price, and paid no dividends. Recipient would earn Performance Shares as follows:
80% (i.e., interpolating, each 5 points below the median 50th percentile is equal to a decrease of 10 percentage points in the TSR payout, down to the threshold of 50%, below which nothing is paid) X 50% of Target