Common use of Certification of Achievement of Performance Goal Clause in Contracts

Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Performance Goal for the period beginning ____________, and ending ________________ (the “Three-Year Performance Period”) has been achieved, or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

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Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved one of the Performance Goal Goals for the period beginning _____________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the a Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved the Performance Goal for the period beginning _______________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved one of the Performance Goal Goals for the period beginning _____________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the a Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved one of the Performance Goal Goals for the period beginning ____________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the EXHIBIT 10.16 “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the a Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

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Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved the Performance Goal for the period beginning _______________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

Certification of Achievement of Performance Goal. The Committee shall (a) determine whether the Company has achieved the Performance Goal for the period beginning ______________, and ending ________________ (the “Three-Year Performance Period”) has been achieved), or the date of a Change of Control (the “COC Performance Period”) (collectively the “Performance Period”) which determination shall be made on an objective and nondiscretionary basis by the Committee based on the Company’s audited financial statements and (b) certify in writing that the Performance Goal has been attained within the period prescribed by the Committee (the “Certification Date”). For purposes of clarification, no certification is required with respect to an involuntary termination without Cause under Section 4(b)(i) hereof.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (SemGroup Corp)

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