Initial Performance Period Clause Samples
Initial Performance Period. The Performance Period generally consists of a 12-month period, although the Performance Adjustment will be 10/12 (the “Initial Performance Adjustment”) during the period from the first day of the first full month after the start of the Fund’s operations until October 31, 2018 (the “Initial Performance Period”). During the Initial Performance Period, the Fund’s Base Fee plus Initial Performance Adjustment will apply. As a result of this arrangement, the Fund’s effective fee with respect to the Initial Performance Period may be lower or higher than the Base Fee, depending on whether the investment performance of the Measuring Class exceeds, or is exceeded by, the performance of the Index Hurdle over the Initial Performance Period.
Initial Performance Period. The Initial Performance Period shall be the three Fiscal Year period beginning with the Fiscal Year in which this Agreement is executed. Restrictions shall be satisfied and lapse after the Initial Performance Period in accordance with the following schedule: RONA (as defined in Section 5(c)) Percentage of Restricted Shares during Initial Performance Period upon which restrictions lapse ----------------------------------- -------------------------------- 30.00% or less 0.00% 31.00% 20.00% 32.00% 40.00% 33.00% 60.00% 34.00% 80.00% 35.00% or more 100.00%
Initial Performance Period. The number of Performance Units earned at the end of the Initial Performance Period (the “Earned Performance Units”), if any, will be based on the Performance Achieved, as follows: Below Threshold Threshold Target Maximum Schedule 1 attached hereto sets forth the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) if the Performance Achieved for the Initial Performance Period is between % and %. For example, if the Performance Achieved is %, the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) will be % of the Target Number of Performance Units. If the Performance Achieved is %, the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) will be % of the Target Number of Performance Units.
Initial Performance Period. Notwithstanding the -------------------------- preceding provisions of this Section 2.2, for the Performance Period beginning on the Employment Date (as defined in Section 2.3(a)) and ending on December 31, 2005 (the "Initial Bonus Period"), Executive's bonus award shall be paid irrespective of any performance goals in an amount equal to annual Base Salary multiplied by a fraction, the numerator of which is the number of days in the Initial Bonus Period and the denominator of which is 365 (the "Initial Bonus"). The Initial Bonus shall be paid to Executive as soon as reasonably practicable following Executive's Employment Date. No other bonus shall be payable to Executive under this Section 2.2 in respect of the Initial Bonus Period. Executive shall reimburse the Company for the Initial Bonus in the event before January 1, 2006 Executive terminates his employment with the Company without Good Reason or the Company terminates Executive's employment for Cause.
Initial Performance Period. For the performance period commencing March 1, 2014 and ending February 28, 2017, Executive shall be eligible to receive a long term performance bonus (the “Fiscal 2015 LTPB”) targeted at $1,500,000, with the opportunity to earn up to $3,000,000 and a threshold achievement payout of $750,000. The Fiscal 2015 LTPB shall be based on the achievement of adjusted earnings per share growth (based on earnings per share without asset impairment charges), adjusted cash flow productivity and relative total shareholder return. Fifty percent (50%) of any Fiscal 2015 LTPB shall be based on the achievement of such adjusted earnings per share growth performance measure, twenty-five percent (25%) of any Fiscal 2015 LTPB shall be based on the achievement of the adjusted cash flow productivity performance measure and twenty-five percent (25%) of any Fiscal 2015 LTPB shall be based on the achievement of the relative total shareholder return performance measure. Executive shall not be entitled to a bonus with respect to any such performance measure if the threshold amount associated with such performance measure is not achieved. With respect to the Fiscal 2015 LTPB, Executive shall be granted performance-based restricted stock units (“RSUs”) under the Long Term Incentive Plan. The number of common shares of ▇▇▇▇▇ of ▇▇▇▇ subject to the RSU shall be equal to the maximum opportunity for the Fiscal 2015 LTPB divided by the Fair Market Value (as such term is defined under the Long Term Incentive Plan) of a common share of ▇▇▇▇▇ of ▇▇▇▇ on the date of the grant of the Fiscal 2015 LTPB award (rounded up to the next whole share). The Fiscal 2015 LTPB shall be on such other terms as determined by the Compensation Committee.
Initial Performance Period. For the purposes of this Agreement, “Initial Performance Period” means and refers to the period from the Effective Date to September 30, 2023.