Common use of Performance Goal Adjustments Clause in Contracts

Performance Goal Adjustments. Pursuant to Section 10(c) of the Plan, the Committee may at any time, in its sole discretion, make any adjustments to the Performance Goals set forth in this award, or to the calculation of the Company’s financial or other results for the Performance Period or any portion thereof, or may reduce or increase any applicable Percentage Payouts, in order to reflect any unusual or infrequent events, such as or relating to new legislation, regulatory orders/outcomes, asset write-offs, weather, storms, supply chain disruptions, commodity prices, or mergers, acquisitions or dispositions involving the Company, that were not contemplated at the time of grant.

Appears in 7 contracts

Samples: Performance Share Award Agreement (Virginia Electric & Power Co), 2024 Performance Grant Agreement (Virginia Electric & Power Co), Performance Share Award Agreement (Virginia Electric & Power Co)

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Performance Goal Adjustments. Pursuant to Section 10(c) of the Plan, the Committee may at any time, in its sole discretion, make any adjustments to the Performance Goals performance goals set forth in this awardaward or in Exhibit A, or to the calculation of the Company’s financial or other results for the Performance Period or any portion thereof, or may reduce or increase any applicable Percentage Payouts, in order to reflect any unusual or infrequent events, such as or relating to new legislation, regulatory orders/outcomes, asset write-offs, weather, storms, supply chain disruptions, commodity prices, or mergers, acquisitions or dispositions involving the Company, that were not contemplated at the time of grant.

Appears in 2 contracts

Samples: Based Stock Award Agreement (Virginia Electric & Power Co), Based Stock Award Agreement (Virginia Electric & Power Co)

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