Performance Standards; Underperformance Sample Clauses
The 'Performance Standards; Underperformance' clause defines the expected level of performance that a party must meet under the agreement and outlines the consequences if those standards are not achieved. Typically, this clause specifies measurable criteria or benchmarks, such as timelines, quality metrics, or service levels, and may detail procedures for monitoring and evaluating performance. If underperformance is identified, the clause often provides for remedies such as corrective action plans, penalties, or even termination rights. Its core function is to ensure accountability and provide a clear framework for addressing inadequate performance, thereby protecting the interests of the non-breaching party.
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Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief Executive Officer and President, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President and Executive shall meet in order for the President to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement.
Performance Standards; Underperformance. Within 180 days after the Effective Date, the Board of Directors shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the CEO of Company and Executive shall meet in order for the CEO of the Company to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary, and benefits, or termination of Executive’s employment under this Agreement if such Underperformance is not cured within 60 days’ following notice of the elements of such Underperformance has been given to Executive by the Company.
Performance Standards; Underperformance. Within 180 days after the Effective
Performance Standards; Underperformance. Within 180 days after the Effective Date, the General Manager Strategic Lead Generation of the Company, together with either the President or the Chief Executive Officer of Parent, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the President of Parent along with the GM of Strategic Lead Generation and Executive shall meet in order for the President of Parent and the GM of Strategic Lead Generation to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary, and benefits, or termination of Executive’s employment under this Agreement if such Underperformance is not cured within 60 days’ following notice of the elements of such Underperformance has been given to Executive by the Company.
Performance Standards; Underperformance. Within 120 days after the Effective Date, the Board of Directors of the Company shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the establishment of performance expectations and standards, and at least annually thereafter, the Board of Directors and the Executive shall meet in order for the Board of Directors to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement if such Underperformance is not cured within 60 days’ following the date on which notice of the elements of such Underperformance has been given to Executive by the Company.
Performance Standards; Underperformance. Within one hundred eighty (180) days after the Effective Date, the Chief Executive Officer of the Company shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six (6) months following the Effective Date, and at least annually thereafter, the CEO and the Executive shall meet in order for the CEO to provide to Executive a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the lawful then-current performance expectations and standards applicable to Executive as communicated to Executive by the CEO, and can be the basis for a change in job description, salary, and benefits, or termination of Executive’s employment under this Agreement if such Underperformance is not cured within sixty (60) days’ following written notice to Executive by the Company of the elements of such Underperformance.