Performance Component Sample Clauses
A Performance Component clause defines the specific standards or metrics that a party must meet in fulfilling their contractual obligations. This clause typically outlines measurable criteria such as deadlines, quality benchmarks, or service levels that must be achieved during the contract term. By clearly specifying what constitutes satisfactory performance, the clause helps ensure accountability and provides a basis for evaluating whether obligations have been met, thereby reducing disputes and misunderstandings.
Performance Component. The variable component of the Advisory Fee as described in Section 10(b).
Performance Component. The Annual Cash Bonus will be payable based on the Company’s relative return on average equity (“Relative ROAE”).
Performance Component. Teacher performance is evaluated during the formal observations and periodic classroom walkthroughs. Fifty percent of the effectiveness rating will be attributed to teacher performance through a holistic evidence-based process utilizing an evaluation rubric based upon the Ohio Standards for the Teaching Profession.
Performance Component. The remaining fifty percent (50%) of your Incentive Bonus will vest and be earned based on a combination of your continued employment with the Company or any member of the Company Group and the achievement of certain performance metrics (the “Performance Component”). The Performance Component will be subdivided into five tranches as set forth on Exhibit A attached hereto (each, a “Performance Tranche”). Each Performance Tranche will vest and be earned in accordance with the terms of Exhibit A. You agree that you will repay to the Company the After-Tax Value of the Unvested Portion of the Performance Component within 20 days following the earlier to occur of (i) the Performance Completion Date and (ii) the termination of your employment with the Company and the Company Group for any reason other than a Qualifying Termination; provided, however, that the “Performance Completion Date” will be replaced with the “Emergence Date” in certain circumstances for any repayment requirement with respect to Performance Tranche 2 (as described on Exhibit A), in which case you will repay to the Company the After-Tax Value of the Unvested Portion of the Performance Component that relates to Performance Tranche 2 within 20 days following the Emergence Date. For the sake of clarity, you will not be required to repay any Vested Portion of the Performance Component.
Performance Component. The amount of the variable performance component is based on the attainment of the company goals. The performance component is recorded as a “bonus range” in per cent of the basic wage. Depending on the function, the bonus range is a minimum of 0-5% and a maximum of 0-20%. If the attainment of the company’s goals is 100%, half of the performance component will be paid out (target bonus). Lower or higher target attainments will be calculated accordingly. A maximum of the up- per end of the bonus range will be paid out. In consultation with the employee, it is possible, in addition to the performance component for the at- tainment of the company goals, to set individual goals and to remunerate the employee via a separate bonus agreement. A higher bonus range can be set for employees who only work in sales.
Performance Component. The variable component of the Management Fee as described in Section 10(a).
Performance Component. (i) The remaining one-third of your Incentive Bonus will vest and be earned based on the achievement of certain incentive requirements (the “Performance Component”), subject to your continued employment with the Company through the Measurement Date unless you incur a Qualifying Termination, in which case your Incentive Bonus will vest as if you remained employed with the Company through the Measurement Date. Exhibit A sets forth the contemplated (i) relevant Performance Goals for each Performance Period and (ii) the percentage of your Performance Component amount earned upon the achievement of the applicable Performance Goals. Exhibit A may be revised by the Board in its discretion, but will be completed and finalized with respect to each Performance Period (as defined in Exhibit A) no later than the earlier of (i) date the Company files for bankruptcy under Chapter 11 of the Bankruptcy Code or (ii) the day immediately prior the beginning of the relevant Performance Period. The final version of Exhibit A will be made available to you promptly following approval by the Board. Each Performance Metric will vest and be earned in accordance with the terms of Exhibit A of this Agreement.
(ii) You shall earn a target amount of one-half of the Performance Component as of the end of each Performance Period, depending upon the extent to which the Performance Goals have been achieved for such Performance Period as determined based on the achievement, on a Performance Metric by Performance Metric basis, of (i) the Quarterly Performance Goals for the First Performance Period and (ii) either the (A) Quarterly Performance Goals or (B) Cumulative Performance Goals, whichever results in the greater payout, for the Second Performance Period. To the extent the Measurement Date occurs prior to the end of any Performance Period, performance for the Performance Period will be measured as of the Measurement Date and pro-rated as appropriate. If the Measurement Date occurs in the First Performance Period, the Performance Goals for the Second Performance Period will be deemed to be earned at 100%. Within 45 days of the Measurement Date, the Company will determine the amount of the Performance Component that has been earned and vested, which may not exceed the value of the Performance Component (the “Vested Portion”).
(iii) You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination before the Measurement Date, you will...
Performance Component. The variable component of the Advisory Fee as described in Paragraph Error! Reference source not found..
Performance Component. The Restricted Stock Units subject to this Award Agreement shall vest if and to the extent that the Company Value, as of any Measurement Date, is equal to or greater than the values set forth below, subject to the Participant remaining a Service Provider through the applicable Determination Date related to such Measurement Date:
a. Upon achievement of a Company Value that is equal to $2,500,000,000 (the “Minimum Threshold”), one sixth (1/6th) of the Restricted Stock Units subject to this Award Agreement will vest.
b. Upon achievement of a Company Value that is equal to or greater than $5,000,000,000 (the “Maximum Threshold”), one hundred percent (100%) of the Restricted Stock Units subject to this Award Agreement will vest.
c. Upon achievement of a Company Value that is between the Minimum Threshold and the Maximum Threshold, a portion of the Restricted Stock Units subject to this Award Agreement will vest between one sixth (1/6th) and one hundred percent (100%) based on straight line linear interpolation.
d. For the avoidance of doubt, no Restricted Stock Units subject to this Award Agreement will vest on a Measurement Date if Company Value is beneath the Minimum Threshold.
Performance Component. Performance Component shall have the meaning set forth in Section 10(c).