Common use of Determination of Performance Clause in Contracts

Determination of Performance. As soon as administratively feasible after the end of the Performance Period (as defined in Exhibit A), unless the Performance Stock Units vested previously under Section 2(c) or (d), the Committee shall determine whether or not, and to what extent, the Performance Criteria have been achieved and the Target Adjustment Percentage for the Performance Period. The date on which the Committee makes such determination is referred to herein as the “Determination Date” for the Performance Period.

Appears in 2 contracts

Samples: Officer Performance Stock Unit Agreement (Herc Holdings Inc), Officer Performance Stock Unit Agreement (Herc Holdings Inc)

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Determination of Performance. As soon as administratively feasible after the end of the Performance Period (as defined in Exhibit A), unless the Performance Stock Units vested previously under Section 2(c2(c)(i), (c)(ii) or (dd)(i), the Committee shall determine whether or not, and to what extent, the Performance Criteria have been achieved and the Target Adjustment Percentage for the Performance Period. The date on which the Committee makes such determination is referred to herein as the “Determination Date” for the Performance Period.

Appears in 2 contracts

Samples: Officer Performance Stock Unit Agreement (Herc Holdings Inc), Officer Performance Stock Unit Agreement (Herc Holdings Inc)

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Determination of Performance. As soon as administratively feasible in the calendar year after the end of the Performance Period (as defined in Exhibit A), unless the Performance Stock Units vested previously under Section 2(c) or (d), the Committee shall determine whether or not, and to what extent, the Performance Criteria have been achieved and the Target Adjustment Percentage for the Performance PeriodPercentage. The date on which the Committee makes such determination is referred to herein as the “Determination Date” for the Performance Period.

Appears in 1 contract

Samples: Executive Officer Performance Stock Unit Agreement (Herc Holdings Inc)

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