Performance Adjustment means, for any year, a factor ranging from 0% to 200%, based upon the achievement of Performance Goal Targets established by the Committee, that, when multiplied by an Eligible Participant's Target Award, determines the amount of such Eligible Participant's Annual Performance Award for such year.
Performance Adjustment means the percentage(s), as set forth in an award schedule, that will, when multiplied by a Participant’s Target Bonus, determine the amount of a Participant’s Award.
Performance Adjustment consists of an adjustment to the monthly Basic Fee to be made by applying a performance adjustment rate to the average net assets of the Fund over the Performance Period (as defined below). The resulting dollar figure shall be added to or subtracted from the Basic Fee depending on whether the Fund experienced better or worse performance than the Index. The performance adjustment rate shall be equal to 0.01% per annum for each percentage point rounded to the nearer point (the higher point if exactly one-half point) that the Fund’s investment performance for the period was better or worse than the record of the Index (as then constituted). The maximum Performance Adjustment is plus or minus 0.10% per annum. In addition, as the Fund’s average daily net assets over the Performance Period may differ substantially from the Fund’s average daily net assets during the current year, the Performance Adjustment may be further adjusted to the extent necessary to ensure that the total Performance Adjustment to the Basic Fee on an annualized basis does not exceed 0.10%.
Examples of Performance Adjustment in a sentence
All provisions of the Performance Adjustment Rule shall be suspended for the period of June 29, 2016 through June 29, 2017.
The Performance Adjustment levels will need to be calibrated appropriately based on the proposed Annual Payment.
Section 906.1, W here Required, the exception under paragraph 1 is deleted and rewritten to read: "Exception: In new and existing Group A, B, and E occupancies equipped with quick response sprinklers, portable fire extinguishers shall be required only in locations specified in items 2 through 6.
Specifically, Rider EEPA includes the formula that determines the Performance Adjustment, as appropriate.
The Performance Adjustment that is approved by the Commission at the conclusion of an annual EE Formula Rate Update proceeding is reflected in the EE Adjustments applicable during the immediately following calendar year’s (i.e., “Application Year’s”) billing periods.
More Definitions of Performance Adjustment
Performance Adjustment means any adjustment made in accordance with Section 3(b) to the calculation of the percentage of Target Amount earned under Section 3(a).
Performance Adjustment means a factor (or factors), as determined by a schedule established by the Committee, that will, when multiplied by a Participant's Target Award, determine the amount of a Participant's Award.
Performance Adjustment means the lesser of: (a) the lowest kW recorded on the output meter during the Measurement Period or (b) the Customer’s kW of Contract Demand under SC 11 in excess of the Contract Demand billed under Standby Service rates or the Contract Demand in excess of the as used demand billed under another rate.
Performance Adjustment consists of an adjustment to the monthly Basic Fee to be made by adding or subtracting the Performance Adjustment to the Basic Fee depending on whether the Class experienced better or worse performance than the Index. There shall be no Performance Adjustment and the Advisory Fee shall consist solely of the Basic Fee for the first 0.25 percentage points (i.e., the first 25 basis points) of absolute performance by which the Class’ investment performance during the Performance Period was better or worse than the performance record of the Index (as then constituted) during the Performance Period (the “Initial Zone”). After the Initial Zone (i.e., after 0.25 percentage points), the Performance Adjustment shall equal 0.05% per annum of the Fund’s average daily Managed Assets during the Performance Period for each 0.25 percentage points that the Class’ investment performance during the Performance Period was better or worse than the performance record of the Index (as then constituted) during the Performance Period. The maximum Performance Adjustment is plus or minus 0.75% per annum of the Fund’s average daily Managed Assets during the Performance Period, which is applicable if the Class’ performance relative to that of the Index during the Performance Period is plus or minus 4.00% (400 basis points). In addition, as the Fund’s average daily Managed Assets during the Performance Period may differ substantially from the Fund’s average daily Managed Assets during the current month and year, the Performance Adjustment shall be further adjusted to the extent necessary to ensure that the total Performance Adjustment to the Basic Fee on an annualized basis does not exceed 0.75%. While the Performance Adjustment is calculated on the 36-month Performance Period, it is pro-rated to a monthly payment to correspond with the Fund’s monthly payment of the Advisory Fee. The Fund shall use natural rounding to two decimal places regarding performance differences and calculations of the Performance Adjustment (e.g., each shall be rounded to the nearer point (the higher point if exactly one-half point)). Exhibit A to this Agreement sets forth a table showing the application of the Performance Adjustment. The investment performance of the Class during the Performance Period shall be measured by comparing the (i) opening net asset value of one share of the Class on the first business day of the Performance Period with (ii) the closing net asset value of one share of the Class as of ...
Performance Adjustment means an amount which is deducted from the relevant Proprietary Index to reflect (i) the costs incurred by the relevant Index Sponsor in gaining exposure to the Constituents and (ii) the costs to investor in funding exposure to the Constituents. The Performance Adjustment reduces the cost to the Issuer of taking a position in, and therefore gaining exposure to, a Constituent and is deducted from such Proprietary Index on a pro-rata daily basis. The Performance Adjustment can be a fixed level or a floating level. The floating level is often benchmarked to aLIBOR.
Performance Adjustment if the Fund has a performance-based investment advisory fee; as well as the amount of any items not normally considered operating expenses such as acquired fund fees and expenses, interest, dividends, taxes, brokerage commissions, and extraordinary expenses (including, but not limited to, legal claims and liabilities and litigation costs, and any indemnification related thereto), paid or payable by the Fund. Operating expenses shall be calculated net of balance credits and similar offset arrangements (excluding any directed brokerage arrangements). Whenever the expenses allocated to any class of the Fund exceed a pro rata portion of the applicable annual expense limitations, the estimated amount of reimbursement under such limitations shall be offset against the monthly payment of the fee due to the Adviser and/or by the Adviser to the Fund (or applicable class). The waiver or reimbursement shall be allocated to each class of the Fund in the same manner as the underlying expenses or fees were allocated.
Performance Adjustment means the Performance Adjustment calculated in accordance with paragraph 5 of this Schedule 4 (Payment Mechanism);