Flex Sample Clauses

Flex. The number of Performance Shares to be Vested and issued pursuant to the Award will be determined as set forth below (the "Flex"): (a) To the extent that achievement of a given Performance Goal is below 100% of the target level set forth on Exhibit A, the number of Performance Shares to be Vested and issued will be reduced ratably by 2.5% for each 1% of shortfall up to a maximum downward adjustment to 80% of the target performance level (the "Threshold Performance Level"). At the Threshold Performance Level, 50% of the applicable portion of the Target Number of Performance Shares will be issued. If achievement of a given Performance Goal is below the Threshold Performance Level set forth on Exhibit A, no Performance Shares will Vest with respect to that Performance Goal. (b) To the extent that achievement of a given Performance Goal is above 100% of the target level set forth on Exhibit A, the number of Performance Shares to be Vested and issued will be increased ratably by 2.5% for each 1% of overachievement, with a maximum upward adjustment to 140% of the target performance level set forth on Exhibit A. In no event will the total number of Performance Shares issued under the Award exceed 200% of the Target Number of Performance Shares specified above.

Flex. Each Flex$ has a $1 cash equivalency and may be used at all Hornet Hospitality dining venues. Please visit the Dining Services website for eligible venues.

Flex. In recognition of unusual and demanding work schedules, employees may request to flex their schedules within the agency workweek. Approval for any such request must be given by Program Manager, or if they are unavailable the employee shall call up; and will not be unreasonably denied as long as doing so does not impact supports or coverage.

Flex. For the purposes of calculating preparations, teaching in the flex program for three (3) full trimesters shall count as four (4) course preparations. Teachers of flex shall not be assigned more than one (1) additional course preparation per trimester. Any flex teacher assigned more than six (6) preparations shall receive compensation for an involuntary assignment of one thousand seven fifty dollars ($1,750).

Flex. On Wednesday of each week, the Company will advise employees whether they will be permitted to flex their schedule on Friday to start no earlier than 6am and to finish no later than 6pm. It is understood that the flex option may be cancelled on Thursday due to extraordinary circumstances.

Flex. The Lead Arrangers shall be entitled, without your consent (but after consultation with you), at any time or from time to time on or prior to the earlier to occur of a Successful Syndication and [REDACTED] days following August 1, 2017 (the “Syndication Period”) to make the following changes (and only the following changes) to the terms of the relevant 2017 Incremental Commitments (such changes, the “Flex Provisions”) if each Lead Arranger (as of the date hereof) reasonably determines that (i) such changes are reasonably necessary or advisable to facilitate or ensure a Successful Syndication (as defined below) or (ii) a Successful Syndication will not be achieved prior to the expiration of the Syndication Period: (a) increase the Applicable Margin on the 2017 Incremental Term B-1 Loans by up to [REDACTED] per annum (or if [REDACTED] per annum); provided, that, (i) not more than [REDACTED] of the increase in the Applicable Margin permitted by this clause (a) may, at the option of the Lead Arrangers, take the form of OID or upfront fees (which shall be deemed to constitute like amounts of OID) with OID being equated to the Applicable Margin in a manner consistent with generally accepted financial practice based on an assumed 4-year life to maturity (e.g., 25 basis points of margin equals 100 basis points in OID or upfront fees payable on the principal amount of debt), (ii) at the option of the Borrower, such OID or upfront fees may be funded with a borrowing of Revolving Loans (provided any such drawing shall not increase the commitments under the Revolving Facility), and (iii) no portion of such increase may take the form of an increase in any rate “floor”; (b) increase the Applicable Margin on the 2017 Incremental Term B-2 Loans by up to [REDACTED] per annum; provided, that, (i) not more than [REDACTED] of the increase in the Applicable Margin permitted by this clause (a) may, at the option of the Lead Arrangers, take the form of OID or upfront fees (which shall be deemed to constitute like amounts of OID) with OID being equated to the Applicable Margin in a manner consistent with generally accepted financial practice based on an assumed 4-year life to maturity (e.g., 25 basis points of margin equals 100 basis points in OID or upfront fees payable on the principal amount of debt), (ii) at the option of the Borrower, such OID or upfront fees may be funded with a borrowing of Revolving Loans (provided any such drawing shall not increase the commitments under...

Flex. The number of Performance Shares to be Vested and issued pursuant to the Award will be determined as set forth below (the “Flex”): (a) To the extent that achievement of a given Performance Goal is below 100% of the target level shown in Section 3.2 above, the number of Performance Shares to be Vested and issued will be reduced ratably by 2.5% for each 1% of shortfall up to a maximum downward adjustment of 80% of the target performance level specified in Section 3.2 above. At 80% of the target performance level, 50% of the applicable portion of the target amount specified in Section 2 above would be paid. If achievement of a given Performance Goal is below 80% of the target performance level specified in Section 3.2 above, no Performance Shares will Vest with respect to that goal. (b) To the extent that achievement of a given Performance Goal is above 100% of the target level shown in Section 3.2 above, the number of Performance Shares to be Vested and issued will be increased ratably by 2.5% for each 1% of overachievement, with a maximum upward adjustment of 140% of the target performance level specified in Section 3.2 above. In no event will the total number of Performance Shares issued under the Award exceed 200% of the target amount specified in Section 2 above.

Flex. For each 1% shortfall as to achievement of a given Performance Goal up to 20%, the number of Performance Shares earned is reduced by 3.5% (the "Cutback"). No Performance Shares will be earned with respect to a given Performance Goal as to which achievement is below 80%. For each 1% overachievement of a Performance Goal, the number of Performance Shares earned will be increased by 6%. In no event will the number of shares earned under either Performance Goal be greater than 125% of the number of shares expected to be earned at 100% attainment of the Performance Goal.

Flex. Time. Upon agreement of the supervisor's immediate supervisor, an 2 individual flex‐time schedule may be established, provided such schedule does not require the 3 payment of overtime.