Performance Condition Attainment Sample Clauses
The Performance Condition Attainment clause defines the requirements that must be met for a party to be considered as having fulfilled specific performance obligations under a contract. Typically, this clause outlines measurable criteria or milestones—such as achieving certain sales targets, completing project phases, or meeting quality standards—that must be satisfied before payment, bonuses, or other contractual benefits are granted. By clearly specifying what constitutes successful performance, this clause ensures both parties understand the expectations and reduces the risk of disputes over whether obligations have been met.
Performance Condition Attainment. [Insert table setting forth the percentage (between 0% and 200%) of an RSU for which the Performance Condition shall be deemed satisfied based on the percentile attainment of Relative TSR (between 0 and 100) indicated in the corresponding row of the table]
Performance Condition Attainment. 2. The following table sets forth the percentage of the PSUs for which the Performance Condition will be deemed satisfied based on the attainment of Relative TSR indicated in the corresponding row of the table: ≥ 75 150%
(a) If Relative TSR exceeds the 25th percentile and is less than the 50th percentile, or if Relative TSR exceeds the 50th percentile and is less than the 75th percentile, the percentage of the PSUs for which the Performance Condition will be deemed satisfied will be subject to straight-line interpolation between the applicable corresponding percentages set forth in the table. For purposes of illustration only, if Relative TSR is attained at the 35th percentile, the percentage of the PSUs for which the Performance Condition will be deemed satisfied will equal 70%.
Performance Condition Attainment. (a) The following table sets forth the percentage of an RSU for which the Performance Condition shall be deemed satisfied based on the attainment of Relative TSR indicated in the corresponding row of the table: [·] [·] [·] [·] [·] [·] [·] [·]
(b) If Relative TSR equals or exceeds the [·]th percentile and is less than the [·]th percentile, the percentage of an RSU for which the Performance Condition shall be deemed satisfied shall equal the sum of (i) [·] and (ii) the product of (x) [·] and (y) the amount of such excess. For purposes of illustration only, if Relative TSR is the [·]th percentile, the percentage of an RSU for which the Performance Condition shall be deemed satisfied shall equal [·] (i.e., [·] + ([·] x [·])).
(c) If Relative TSR equals or exceeds the [·]th percentile and is less than the [·]th percentile, the percentage of an RSU for which the Performance Condition shall be deemed satisfied shall equal the sum of (i) [·] and (ii) the product of (x) [·] and (y) the amount of such excess. For purposes of illustration only, if Relative TSR is the [·]th percentile, the percentage of an RSU for which the Performance Condition shall be deemed satisfied shall equal [·] (i.e., [·] + ([·] x [·])).
(d) For the avoidance of doubt, to the extent that the total number of Shares (including Dividend Shares, to the extent applicable) eligible to be distributed to the Participant upon vesting of the RSUs pursuant to this Award would otherwise result in the issuance of a fractional Share, such fractional Share shall be cancelled in exchange for a cash payment therefor.
Performance Condition Attainment. (a) Relative Absolute Change in ROIC and Relative Cumulative ROIC. Relative Absolute Change in ROIC and Relative Cumulative ROIC will each be measured independently and then compared against the Peers. The average of those results will determine the preliminary Performance Condition attainment (prior to adjustment under paragraph (c) below by the Relative TSR modifier), with respect to 50 percent of the Target PSUs. The following table sets forth the percentage of such Target PSUs, prior to adjustments pursuant to paragraph (c) below (the “Preliminarily Adjusted Units”) for which the Performance Condition will be deemed satisfied based on the attainment of Relative Absolute Change in ROIC and Relative Cumulative ROIC indicated in the corresponding row of the table. Relative Absolute Change in ROIC / Relative Cumulative ROIC (Percentile v. Peers) Performance Condition Attainment for Relative Absolute Change in ROIC / Relative Cumulative ROIC Total Performance Condition Attainment (Average of Relative Absolute Change in ROIC Attainment and Relative Cumulative ROIC Attainment) ≥ 75 150% 150% If Relative Absolute Change in ROIC or Relative Cumulative ROIC exceeds the 25th percentile and is less than the 50th percentile, or if Relative Absolute Change in ROIC or Relative Cumulative ROIC exceeds the 50th percentile and is less than the 75th percentile, the percentage of the PSUs for which the Performance Condition will be deemed satisfied will be subject to straight-line interpolation between the applicable corresponding percentages set forth in the table. For purposes of illustration only, if Relative Absolute Change in ROIC is attained at the 35th percentile, resulting in 70% performance attainment, and Relative Cumulative ROIC is attained at the 20th percentile, resulting in 0% performance attainment, the percentage of the PSUs for which the Performance Condition will be deemed satisfied will equal 35% (i.e., the average of 70% and 0%). ELT Award
Performance Condition Attainment. The following table sets forth the percentage of the OPSUs for which the Performance Condition will be deemed satisfied based on the attainment of the TSR Per Year of a Share and Relative TSR indicated in the corresponding row of the table: ≥ 20% ≥ 50th Percentile 300% < 50th Percentile 150% 15% ≥ 50th Percentile 200% < 50th Percentile 125% 10% ≥ 50th Percentile 100% < 50th Percentile 5% ≥ 50th Percentile 50% < 50th Percentile < 5% ≥ 50th Percentile 0% < 50th Percentile If the TSR Per Year of a Share exceeds 15% and is less than 20%, if the TSR Per Year of a Share exceeds 10% and is less than 15% or if the TSR Per Year of a Share exceeds 5% and is less than 10%, the percentage of the OPSUs for which the Performance Condition will be deemed satisfied will be subject to straight-line interpolation between the applicable corresponding percentages set forth in the table. For purposes of illustration only:
(a) if the TSR Per Year of a Share is attained at 17%, and Relative TSR is attained at the 50th percentile or higher, the percentage of the OPSUs for which the Performance Condition will be deemed satisfied will equal 240%;
(b) if the TSR Per Year of a Share is attained at 17%, and Relative TSR is attained at less than the 50th percentile, the percentage of the OPSUs for which the Performance Condition will be deemed satisfied will equal 135%;
(c) if the TSR Per Year of a Share is attained at 8%, the percentage of the OPSUs for which the Performance Condition will be deemed satisfied will equal 80%, regardless of the level of attainment of Relative TSR; and
(d) if the TSR Per Year of a Share is attained at 3%, the percentage of the OPSUs for which the Performance Condition will be deemed satisfied will equal 0%, regardless of the level of attainment of Relative TSR.
Performance Condition Attainment