Performance Goal Defined Sample Clauses
The 'Performance Goal Defined' clause establishes specific benchmarks or standards that a party must meet during the execution of a contract. It typically outlines measurable objectives, such as sales targets, project milestones, or quality metrics, which are used to assess whether contractual obligations are being fulfilled. By clearly defining what constitutes satisfactory performance, this clause helps prevent disputes and ensures both parties have a mutual understanding of expectations.
Performance Goal Defined. For the purposes of this Agreement “Adjusted Non-GAAP EBITDA” shall mean the Company’s (which includes SANYO Semiconductor related operations and activities and any merger and acquisition activity, and net income attributable to minority interest) consolidated earnings, before interest (income or expense), taxes, depreciation and amortization (or “EBITDA”) for the Performance Measurement Period, calculated taking into account any timely adjustments made in accordance with paragraph 2.3. If the Committee determines that an alternative method would be more appropriate to achieve the objectives of this Award then such method shall be applied to determine Adjusted Non-GAAP EBITDA for the Performance Measurement Period; provided, however, if the Grantee is a Covered Employee, the Committee’s determination must be made before the date that is 90 days after the commencement of the Performance Measurement Period. For purposes of this Agreement, the term “GAAP” means United States generally accepted accounting principles consistently applied.
Performance Goal Defined