Maximum Performance Goal Sample Clauses
The Maximum Performance Goal clause sets an upper limit on the level of performance or output that a party is required to achieve under a contract. In practice, this clause might specify the highest number of units to be produced, the maximum service level to be maintained, or the greatest allowable throughput within a given period. By establishing a clear ceiling, the clause prevents excessive demands and ensures that expectations remain reasonable, thereby protecting the performing party from being overburdened and helping both sides manage resources and risks effectively.
Maximum Performance Goal. [ ]% of the Objective Criteria Target Units subject to the Objective Criteria Award shall vest and be earned if (i) [ ] meets or exceeds [ ] for the Performance Period (the “Objective Criteria Maximum Performance Goal”), and (ii) the Participant is employed by or in service with the Company on the Vesting Date and has been continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(c)(i) and the service condition described in Section 1(c)(ii) must be met in order for any of the Objective Criteria Target Units to vest pursuant to this Section 1(c). Notwithstanding the foregoing, the Objective Criteria Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [ ], and (B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met. The Company’s calculation of [ ] for the Performance Period shall be conclusive and binding absent fraud or manifest and material error.
Maximum Performance Goal. The value of each Share shall be equal to [ ]% of the Target Value if [ ] meets or exceeds [ ] for the Performance Period (the “Maximum Performance Goal”). Notwithstanding the foregoing, the Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [ ] and (B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met.
Maximum Performance Goal of the Target Units subject to the Award shall vest and be earned if (i) meets or exceeds for the Performance Period (the “Maximum Performance Goal”), and (ii) the Participant is Employed by the Company on the Vesting Date and has been an employee continuously since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(c)(i) and the service condition described in Section 1(c)(ii) must be met in order for any of the Units to vest pursuant to this Section 1(c). Notwithstanding the foregoing, the Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending and (B) the Committee’s written certification regarding if and to the extent the applicable performance goals have been met.
Maximum Performance Goal. The value of each Objective Criteria Performance Unit shall be equal to [ ]% of the Objective Criteria Target Value if [ ] meets or exceeds [ ] for the Performance Period (the “Objective Criteria Maximum Performance Goal”). Notwithstanding the foregoing, the Objective Criteria Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [ ], and (B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met. The Company’s calculation of [ ] for the Performance Period shall be conclusive and binding absent fraud or manifest and material error.