Performance Below Expectations Sample Clauses

Performance Below Expectations. If CEO’s performance for the Fiscal Year is “below expectations,” CEO’s MIP Bonus for such Fiscal Year shall be reduced by an amount equal to the Adjustment Factor times the CEO’s MIP Bonus for the Fiscal Year (the “Forfeited Amount”). The amount of Additional Shares and Additional Cash Bonus awarded to the CEO under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount.
Sample 1
AutoNDA by SimpleDocs
Performance Below Expectations. If CEO’s performance for the Fiscal Year is “below expectations,” CEO’s MIP Bonus for such Fiscal Year shall be reduced by an amount equal to the Adjustment Factor times the CEO’s MIP Bonus for the Fiscal Year (the “Forfeited Amount”). The amount of Additional Shares and Additional Cash Bonus awarded to the CEO under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount. Notwithstanding anything to the contrary contained herein, CEO shall not be entitled to a Performance Bonus under this Agreement unless CEO is otherwise eligible to receive a MIP Bonus for the Fiscal Year.
Sample 1Sample 2
Performance Below Expectations. If Executive’s performance for the Fiscal Year is “below expectations,” Executive’s MIP Bonus for such Fiscal Year will be reduced by up to 25% of such MIP Bonus (as determined by the Committee in its sole discretion) (the “Forfeited Amount”). The amount of Additional Shares and Additional Cash Bonus awarded to the Executive under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount. Notwithstanding anything to the contrary contained herein, Executive shall not be entitled to a Performance Bonus under this Agreement unless the Company attains at lest the minimum Increase in Earnings Per Share and at least the minimum Return on Stockholder’s Equity for payment of a Company Performance Bonus (as defined in the Fiscal Year 2008 Management Incentive Plan Bonus Agreement dated effective June 29, 2007 between the Company and Executive.
Sample 1
Performance Below Expectations. If Executive’s performance for the Fiscal Year is “below expectations,” Executive’s MIP Bonus for such Fiscal Year shall be reduced by an amount equal to the Adjustment Factor times the Executive’s MIP Bonus (the “Forfeited Amount”). Notwithstanding anything to the contrary contained herein, Executive shall not be entitled to a Performance Bonus under this Agreement unless Executive is otherwise eligible to receive a MIP Bonus for the Fiscal Year. Executive acknowledges and agrees that all determinations required pursuant to this Section 2 shall be made by the Committee in its sole and absolute discretion.
Sample 1

Related to Performance Below Expectations

  • Performance Expectations The Charter School’s performance in relation to the indicators, measures, metrics and targets set forth in the Comprehensive Performance Framework shall provide the basis upon which the SCSC will decide whether to renew the Charter School’s Charter Contract at the end of the Charter term. This section shall not preclude the SCSC from considering other factors when relevant.

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

  • 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.

  • 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.

  • Program Goals CalHFA MAC envisions that these monies would be used to complement other federal or lender programs designed specifically to stabilize communities by providing assistance to homeowners who have suffered a financial hardship and as a result are no longer financially able to afford their first-lien mortgage loan payments or their Property Expenses when associated with a Federal Housing Administration (“FHA”) Home Equity Conversion Mortgages (“HECM”) loan, only.

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

  • 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 Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6.

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

  • Goals & Objectives 1. The goal of this Agreement is (INSERT GOAL(S) OF AGREEMENT).

Time is Money Join Law Insider Premium to draft better contracts faster.