Performance Metrics and Vesting Sample Clauses

Performance Metrics and Vesting. (a) Except as otherwise provided in this Agreement, the number of Units granted under this Award that actually vest will be vested on the date (the “Vesting Date”) that the Committee certifies that the Company has achieved the following performance metrics (each a “Performance Metric”): Performance Metric Weight Target Above Target Outstanding Total Shareholder Return 1/3 88.7% 135.8% 183% Relative Total Shareholder Return 1/3
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Performance Metrics and Vesting. (a) Except as otherwise provided in this Agreement, the number of Units granted under this Award that actually vest will be vested on the date (the Vesting Date Committee certifies that the Company has achieved the following performance metrics (each a Performance Metric Performance Metric Weight Target Above Target Outstanding Three Year Average Revenue Growth Rate 33% 25% 30% 35% Operating Income as a Percentage of Revenue (Three Year Target) 33% 15% 20% 25% Return on Invested Capital (Three Year Target) 33% 20% 30% 42% (b) Performance Period 1, 2018 and terminate on December 31, 2020. The Committee shall certify whether the Company has achieved the Performance Metrics as soon as administratively feasible following the end of the Performance Period, but in no event later than 90 days following the end of the Performance Period. The Committee, in its sole discretion, shall have the right to determine how the Performance Metrics are defined and whether they have been achieved. (c) The vesting of the Award will be weighted 33% for each of the three Performance Metrics. Separately from the other Performance Metrics, each Performance Metric will 1
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Performance Metrics and Vesting. (a) Except as otherwise provided in this Agreement, the number of Units granted under this Award that actually vest will be vested on the date (the “Vesting Date”) that the Committee certifies that the Company has achieved the following performance metrics (each a “Performance Metric”): Performance Metric Weight Target Above Target Outstanding Three Year Average Revenue Growth Rate 1/3% 7.5% 10.0% 12.5% Operating Income as a Percentage of Revenue (Three Year Target) 1/3% 8.0% 10.0% 12.0% Return on Invested Capital (Three Year Target) 1/3% 12.0% 17.0% 21.0% (b) The performance period (the “Performance Period”) shall commence on January 1, 2019 and terminate on December 31, 2021. The Committee shall certify whether the Company has achieved the Performance Metrics as soon as administratively feasible following the end of the Performance Period, but in no event later than 90 days following the end of the Performance Period. The Committee, in its sole discretion, shall have the right to determine how the Performance Metrics are defined and whether they have been achieved. (c) The vesting of the Award will be weighted one-third (1/3) for each of the three Performance Metrics. Separately from the other Performance Metrics, each Performance Metric will determine the vesting for 14,714 Units subject to this Award. The number of Units that will vest for each Performance Metric on the Vesting Date shall be determined as follows: (i) if the “Target” level for such Performance Metric is not achieved, none of the Units relating to such 29 April
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Performance Metrics and Vesting. (a) Except as otherwise provided in this Agreement, the number of Units granted under this Award that actually vest will be vested on the date (the "Vesting Date") that the Committee certifies that the Company has achieved the following performance metrics (each a "Performance Metric"): Performance Metric Weight Target Above Target Outstanding Total Shareholder Return 1/3 26% 47.9% 77.5% Relative Total Shareholder Return 1/3 Third Second First Quartile Quartile Quartile EBITDA Percentage 1/3 17.5% 20% 22.5% (i) "Total Shareholder Return" means, for the three fiscal years comprising the Performance Period (as defined below), the quotient of (x) the difference between the Company's closing stock price as of the last trading day in 2023 (the "Beginning Price") and the Company's closing stock price as of the last trading day in 2026 (the "Ending Price") plus any dividends paid by the Company during the Performance Period, divided by (y) the Beginning Price. (ii) ''Relative Total Shareholder Return" means, for the three years comprising the Performance Period, the Company's ranked performance against an established group of 14 peer companies (each a "Peer Company" and collectively, the "Peer Group") based on Total Shareholder Return as applied to each Peer Company in the Peer Group. In determining the Company's rank against the Peer Group, the top performing Peer Company and the lowest performing Peer Company will be disregarded. The Committee 1 110803653.6 0059466-0000 I
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Related to Performance Metrics and Vesting

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

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

  • Performance Goal (a) Subject to the following sentence, the Performance Goal is set out in Appendix A hereto, which Appendix A is incorporated by reference herein and made a part hereof. Notwithstanding the foregoing, the provisions of Section 13 or any other provision of A-1 this Agreement to the contrary, the Committee reserves the right to unilaterally change or otherwise modify the Performance Goal in any manner whatsoever (including substituting a new Performance Goal), but only to the extent that the Committee has first determined that the exercise of such discretion would not cause the Performance Share Units to fail to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Committee exercises such discretionary authority to any extent, the Committee shall provide the Grantee with a new Appendix A in substitution for the Appendix A attached hereto, and such new Appendix A and the Performance Goal set out therein (rather than the Appendix A attached hereto and the Performance Goal set out therein) shall in all events apply for all purposes of this Agreement.

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

  • Performance Vesting Within sixty (60) days following the completion of the Performance Period, the Plan Administrator shall determine the applicable number of Performance Shares in accordance with the provisions of the Award Notice and Schedule I attached thereto.

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

  • 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.

  • KEY PERFORMANCE INDICATORS 10.1 The Supplier shall at all times during the Framework Period comply with the Key Performance Indicators and achieve the KPI Targets set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators).

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