Performance Corridor definition

Performance Corridor means the acceptable range of results around a Performance Target.
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Performance Corridor meanstheacceptablerangeof resultsarounda Performance Target;
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Performance Corridor means the calculated range of results respecting a Performance Target for a Performance Indicator based on the technical variance of the data and other contextual factors.
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Examples of Performance Corridor in a sentence

  • If outside LHIN Target, a Performance Corridor of plus or minus 10% of the Negotiated Target would be applied.

  • The Performance Corridor is the upper control limit on the amount by which the Hospital’s readmission rate exceeds the expected rate.

  • For example, if the Negotiated Target is 0.7, the Performance Corridor would have a lower limit of 0.63 (0.7 * 90%) and an upper limit of 0.77 (0.7 * 110%).

  • INDICATOR CLASSIFICATION Perfomance PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: Rapid Growth: +/- 10% of Target Value Continue High Level of service: +/- 5% of Target Rapid growth is defined when a target is agreed to and this target is greater than 10% of their current value.

  • INDICATOR CLASSIFICATION Monitoring PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is 20% of target.

  • INDICATOR CLASSIFICATION Developmental PERFORMANCE STANDARD Performance Target: Not applicable Performance Corridor: Not applicable NUMERATOR CALCULATION Use statistic S407* Days Waited for Service Initiation in a functional centre – the total number of days (24 hour period) waited by individuals who have received their first service in the functional centre during the current fiscal year as per the OHRS definition.

  • INDICATOR CLASSIFICATION Monitoring PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is +/- 20% of target.

  • INDICATOR CLASSIFICATION Performance PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is +/-20% of the target.

  • INDICATOR CLASSIFICATION Performance PERFORMANCE STANDARD Performance Target: OH-negotiated target Performance Corridor: The corridor applied to locally negotiated performance targets for this indicator is +/- 20% of the target.

  • In this Schedule E, the following terms have the following meanings: Indicator means a measure of HSP performance for which a Target is set; Performance Corridor means the acceptable range of results around a Target; Performance Standard means the range of performance that results when a Performance Corridor is applied to a Target; and Target means the level of performance expected of the HSP in respect of an Indicator.


More Definitions of Performance Corridor

Performance Corridor means the acceptable range of results around a
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Performance Corridor meanç the acceptabIe range of reçuItç around a Performance Target;
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Performance Corridor meanstheacceptablerangeof resultsarounda Performance Target.
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Related to Performance Corridor

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles and (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.