Minimum Goals Sample Clauses

Minimum Goals. The full accrual of earnings per deemed share in any year will be made only if both the following minimum goals are achieved: First, the net after-tax earnings of the Bank must exceed 1.3% of average daily assets of the Bank. Second, the net after-tax earnings of the Bank must exceed the prior year's net after-tax earnings by 10%; however, if this second goal is not achieved, and the current year's earnings exceed 1% of average assets for the year, and cumulative earnings of the Bank over the 5-year period ending with the most recent year exceed the cumulative earnings which would have resulted from 10% compound annual earnings growth over such 5-year period, then the 10% earnings growth goal will be deemed to have been met. If only one of the two goals is met, then one-half the earnings per deemed share calculated under paragraph 4 hereof shall be accrued. If neither goal is met, nothing shall be accrued. The Bank retains full discretionary right to adjust earnings for any year from those otherwise shown on the Bank's financial statements to, in its judgment, make the year's income reasonably comparable to prior years and amortize or adjust for extraordinary items. Without limitation, such adjustments may include elimination of tax benefits due to carryover deductions or credits; change in or correction of accounting methods, etc. Any such decision shall be made within 45 days after the Bank's financial statements are furnished to it by outside auditors. If no change be so made in such time, the figures on the Bank's financial statement prepared by outside auditors, audited or unaudited, shall be used for all purposes of this Agreement. Calculations for the merged Great Western Bank shall be made by pooling the earnings of the former Bank of Bellevue and Xxxxxxx County Bank & Trust for the current fiscal year, and for prior years if applicable. Should the Bank elect "S" status for federal income tax purposes, all calculations shall be made for the purposes hereof as if the Bank continued to be a "C" corporation.
Sample 1
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Minimum Goals. During the first three years following the effective date of this Master Agreement, the Employer will identify a minimum of one applicable PPT positions a year for upward mobility and advertise the position within the Bureau of Consular Affairs only. The requirement will be waived in any year in which there is no applicable PPT position available. If there is no applicable PPT position available, this requirement will extend an additional year. The Union President will be notified concurrently with the announcement of the position to ensure interested PPT bargaining unit employees are notified.
Sample 1Sample 2
Minimum Goals. The full accrual of earnings per deemed share in any year will be made only if both the following minimum goals are achieved: First, the net after-tax earnings of the Bank must
Sample 1
Minimum Goals. In the event the net after tax earnings of the Bank do not, for any fiscal year, both exceed 1.2% of the average assets of Bank, and also exceed the prior year's earnings of Bank by at least 10% over the previous year, then only one-half the amount otherwise allocable to such shares shall be allocated thereto; however, if the compound earnings growth is 50% or more for the five-year period ending with a year in which the 10% growth goal is not met, such goal will be deemed met for that year; PROVIDED, if neither of said goals be met, then nothing shall be allocated to such deemed shares for such year. The Bank retains full discretionary right to adjust earnings for any year from those otherwise shown on the Bank's financial statements to, in its judgment, make the year's income reasonably comparable to prior years and amortize or adjust for extraordinary items. Without limitation, such adjustments may include elimination of tax benefits due to carryover deductions or credits; change in or correction of accounting methods, amortization of income from standby or commitment fees, "points" on low interest real estate mortgages which the Bank keeps in its portfolio, intercorporate transactions, etc. Any such decision shall be made within 45 days after the Bank's financial statements are furnished to it by outside auditors. If no change be so made in such time, the figures on the Bank's financial statement prepared by outside auditors, audited or unaudited, shall be used for all purposes of this agreement.
Sample 1
Minimum Goals. The Company agrees to satisfy certain minimum wage and employment goals by creating within 1 year hereunder to lease space to , a commercial enterprise, who will employ at least full time employees to work in the leased space within 1 year of the conveyance date of the real property specified herein. Upon satisfying these goals, nothing herein shall be construed as imposing on the Company any obligation beyond any obligation otherwise imposed by law to maintain such minimum employment and wage levels. In the event that these goals are not met by the Company, the Company and the City shall enter into an agreement providing for the repayment to the City of the financial assistance provided by the City to the Company pursuant to this Agreement. If Minnesota Statutes Section 116J.991 is amended or repealed, this Section 2.6 and Section 2.7 shall be amended to conform to it or deleted, respectively. *** within one year we not be fully up and running due to construction. Lease space change to useable or operational as business may share space or it is educational space, art gallery etc
Sample 1

Related to Minimum Goals

  • Goals Goals define availability, performance and other objectives of Service provisioning and delivery. Goals do not include remedies and failure to meet any Service Goal does not entitle Customer to a Service credit.

  • Performance Objectives 4.1 The Performance Plan (Annexure A) sets out-

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

  • Objectives The objectives of this Agreement are to:

  • Performance Goal (a) Subject to the following sentence, the Performance Goal is set out in Appendix A hereto, which Appendix A is incorporated by reference herein and made a part hereof. Notwithstanding the foregoing, the provisions of Section 13 or any other provision of A-1 this Agreement to the contrary, the Committee reserves the right to unilaterally change or otherwise modify the Performance Goal in any manner whatsoever (including substituting a new Performance Goal), but only to the extent that the Committee has first determined that the exercise of such discretion would not cause the Performance Share Units to fail to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Committee exercises such discretionary authority to any extent, the Committee shall provide the Grantee with a new Appendix A in substitution for the Appendix A attached hereto, and such new Appendix A and the Performance Goal set out therein (rather than the Appendix A attached hereto and the Performance Goal set out therein) shall in all events apply for all purposes of this Agreement.

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