{"component": "clause", "props": {"groups": [{"size": 12, "snippet": "The Listed Company shall have generated a consolidated net income of (i) at least 120% of the audited consolidated net profit of the fiscal year ended December 31, 2009, for the fiscal year commencing from January 1, 2010 to December 31, 2010 (the \u201c2010 Income\u201d); (ii) at 120% of the audited consolidated net profit of the fiscal year ending December 31, 2010, for a fiscal year commencing from January 1, 2011 to December 31, 2011 (the \u201c2011 Income\u201d). The Option Effective Date for each performance period shall be that date that is forty five (45) days following the last day of each such performance period. Transferee ID Card Number Number of Option Shares Exercise Price WANG HONG \u738b\u5b8f 142401197502082716 120 US$120", "samples": [{"hash": "aTnBucqj8t7", "uri": "/contracts/aTnBucqj8t7#performance-targets", "label": "Share Transfer Agreement (Deyu Agriculture Corp.)", "score": 21.7939758301, "published": true}, {"hash": "jlhgn0vdGh5", "uri": "/contracts/jlhgn0vdGh5#performance-targets", "label": "Share Transfer Agreement (Deyu Agriculture Corp.)", "score": 21.7611217499, "published": true}, {"hash": "27qO0FlyMEF", "uri": "/contracts/27qO0FlyMEF#performance-targets", "label": "Share Transfer Agreement (Deyu Agriculture Corp.)", "score": 21.7063655853, "published": true}], "snippet_links": [{"key": "listed-company", "type": "clause", "offset": [4, 18]}, {"key": "consolidated-net-income", "type": "clause", "offset": [42, 65]}, {"key": "audited-consolidated-net-profit", "type": "definition", "offset": [94, 125]}, {"key": "commencing-from", "type": "clause", "offset": [190, 205]}, {"key": "fiscal-year-ending", "type": "definition", "offset": [323, 341]}, {"key": "option-effective-date", "type": "definition", "offset": [457, 478]}, {"key": "performance-period", "type": "clause", "offset": [488, 506]}, {"key": "following-the", "type": "definition", "offset": [555, 568]}, {"key": "day-of", "type": "clause", "offset": [574, 580]}, {"key": "exercise-price", "type": "definition", "offset": [661, 675]}], "hash": "31e6b8c67a159654ceff0b2f2b345986", "id": 3}, {"size": 17, "snippet": "Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.", "samples": [{"hash": "lAgsi8oB7Uz", "uri": "/contracts/lAgsi8oB7Uz#performance-targets", "label": "Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}, {"hash": "k1gK0ON0zRt", "uri": "/contracts/k1gK0ON0zRt#performance-targets", "label": "Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}, {"hash": "iaLxY6kROWC", "uri": "/contracts/iaLxY6kROWC#performance-targets", "label": "Performance Restricted Stock Unit Award Agreement (Electronic Data Systems Corp /De/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "maximum-performance-levels", "type": "clause", "offset": [22, 48]}, {"key": "performance-measure", "type": "clause", "offset": [58, 77]}, {"key": "performance-period", "type": "clause", "offset": [85, 103]}, {"key": "contained-in", "type": "definition", "offset": [108, 120]}], "hash": "27bde94df30fa2f4fb296b59814fe7dc", "id": 1}, {"size": 9, "snippet": "Grantee must serve 328 unduplicated Clients for the project period from date of Grant Agreement Effective Date to August 31, 2025.", "samples": [{"hash": "ibwuiwMdTW0", "uri": "/contracts/ibwuiwMdTW0#performance-targets", "label": "Grant Agreement", "score": 28.2128677368, "published": true}, {"hash": "6kSydwLyZw9", "uri": "/contracts/6kSydwLyZw9#performance-targets", "label": "Grant Agreement", "score": 28.2128677368, "published": true}], "snippet_links": [{"key": "grantee-must", "type": "clause", "offset": [0, 12]}, {"key": "period-from", "type": "definition", "offset": [60, 71]}, {"key": "agreement-effective-date", "type": "clause", "offset": [86, 110]}], "hash": "fa2db862e689818c943291f4bd8ad027", "id": 6}, {"size": 11, "snippet": "Specific performance targets, established by GPEC\u2019s Executive Committee and Board of Directors, are attached hereto as Exhibit B (\u201cGPEC Performance Measures\u201d) and shall be used to evaluate and report progress on GPEC\u2019s implementation of the Action Plan. In the event of changing market conditions, funding availability, unforeseen expenses or other circumstances beyond GPEC's reasonable control, these performance targets may be revised with the City\u2019s prior written approval, or with the prior written approval of a majority of the designated members of GPEC\u2019s Economic Development Directors Team (\u201cEDDT\u201d). GPEC will provide monthly reports to the City discussing in detail its progress in implementing the Action Plan as well as reporting the numerical results for each performance measurement set forth in Exhibit B. GPEC shall provide a copy of its annual external audit for the preceding fiscal year to the City no later than December 31, 2020. In the case of any benchmark which is not met, GPEC will meet with the EDDT to provide an explanation of the relevant factors and circumstances and discuss the approach to be taken in order to achieve the target(s). Failure to meet a performance target will not, by itself, constitute an event of default hereunder unless GPEC (i) fails to inform the City of such event or (ii) fails to meet with EDDT to present a plan for improving its performance during the balance of the term of the Agreement which will constitute an event of default for which the City may terminate this Agreement pursuant to paragraph IV.J. below.", "samples": [{"hash": "k2VKKLQBh1f", "uri": "/contracts/k2VKKLQBh1f#performance-targets", "label": "Economic Development Agreement", "score": 24.2594108582, "published": true}], "snippet_links": [{"key": "specific-performance", "type": "clause", "offset": [0, 20]}, {"key": "executive-committee", "type": "clause", "offset": [52, 71]}, {"key": "board-of-directors", "type": "clause", "offset": [76, 94]}, {"key": "exhibit-b", "type": "clause", "offset": [119, 128]}, {"key": "performance-measures", "type": "definition", "offset": [136, 156]}, {"key": "implementation-of-the-action-plan", "type": "clause", "offset": [219, 252]}, {"key": "in-the-event-of", "type": "definition", "offset": [254, 269]}, {"key": "market-conditions", "type": "clause", "offset": [279, 296]}, {"key": "funding-availability", "type": "definition", "offset": [298, 318]}, {"key": "other-circumstances", "type": "clause", "offset": [343, 362]}, {"key": "reasonable-control", "type": "clause", "offset": [377, 395]}, {"key": "prior-written-approval", "type": "definition", "offset": [454, 476]}, {"key": "approval-of", "type": "clause", "offset": [504, 515]}, {"key": "a-majority", "type": "clause", "offset": [516, 526]}, {"key": "members-of", "type": "clause", "offset": [545, 555]}, {"key": "economic-development", "type": "definition", "offset": [563, 583]}, {"key": "will-provide", "type": "clause", "offset": [614, 626]}, {"key": "reports-to-the-city", "type": "clause", "offset": [635, 654]}, {"key": "in-detail", "type": "clause", "offset": [666, 675]}, {"key": "numerical-results", "type": "clause", "offset": [746, 763]}, {"key": "performance-measurement", "type": "definition", "offset": [773, 796]}, {"key": "a-copy-of", "type": "clause", "offset": [840, 849]}, {"key": "annual-external-audit", "type": "definition", "offset": [854, 875]}, {"key": "preceding-fiscal-year", "type": "definition", "offset": [884, 905]}, {"key": "in-the-case", "type": "clause", "offset": [951, 962]}, {"key": "not-met", "type": "definition", "offset": [989, 996]}, {"key": "to-provide", "type": "clause", "offset": [1027, 1037]}, {"key": "relevant-factors", "type": "clause", "offset": [1060, 1076]}, {"key": "the-approach", "type": "clause", "offset": [1107, 1119]}, {"key": "in-order-to", "type": "clause", "offset": [1132, 1143]}, {"key": "failure-to-meet", "type": "clause", "offset": [1167, 1182]}, {"key": "default-hereunder", "type": "clause", "offset": [1248, 1265]}, {"key": "city-of", "type": "clause", "offset": [1302, 1309]}, {"key": "the-term-of-the-agreement", "type": "clause", "offset": [1423, 1448]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1514, 1538]}, {"key": "pursuant-to-paragraph", "type": "clause", "offset": [1539, 1560]}], "hash": "9c6930748d6bfd7c897b0d707e086f5f", "id": 4}, {"size": 9, "snippet": "State the indicators for measuring results that will be achieved using the grant. At least one indicator is required. More can be used if useful to more fully measure the results that are expected to be achieved:", "samples": [{"hash": "c8KAWyVgwgP", "uri": "/contracts/c8KAWyVgwgP#performance-targets", "label": "Low Value Grant Agreement", "score": 30.4339847565, "published": true}, {"hash": "eyv7vwtx9z2", "uri": "/contracts/eyv7vwtx9z2#performance-targets", "label": "Low Value Grant Agreement", "score": 30.0261173248, "published": true}, {"hash": "8MCUkhIG0At", "uri": "/contracts/8MCUkhIG0At#performance-targets", "label": "Low Value Grant Agreement", "score": 26.8846340179, "published": true}], "snippet_links": [{"key": "the-grant", "type": "definition", "offset": [71, 80]}], "hash": "c1c3c0a4d3e3591060d9b2262f3af9c9", "id": 5}, {"size": 8, "snippet": "Sections 2.1 and 2.2 below set out the principal targets that will be referenced in 2023 to assess the Authority\u2019s efficiency and productivity in using the resources allocated to it. These targets variously relate to the four strategic themes set out in the Authority\u2019s forthcoming Statement of Strategy 2022-24, as follows:\n2.1 Quantitative targets Output area or initiative 2023 Target 2022 Target 2022 Outturn to date 2021 Target 2021 Outturn\n2.2 Other targets Output Area or initiative Target\n2.3 Risks to achievement of targets", "samples": [{"hash": "6rcgLIg47Kr", "uri": "/contracts/6rcgLIg47Kr#performance-targets", "label": "Policing Authority Performance Delivery Agreement", "score": 30.1366271973, "published": true}, {"hash": "iGTbxWJDi5w", "uri": "/contracts/iGTbxWJDi5w#performance-targets", "label": "Policing Authority Performance Delivery Agreement", "score": 29.9059848785, "published": true}], "snippet_links": [{"key": "set-out", "type": "definition", "offset": [27, 34]}, {"key": "the-principal", "type": "clause", "offset": [35, 48]}, {"key": "the-authority", "type": "clause", "offset": [99, 112]}, {"key": "efficiency-and-productivity", "type": "clause", "offset": [115, 142]}, {"key": "allocated-to", "type": "definition", "offset": [166, 178]}, {"key": "relate-to", "type": "definition", "offset": [207, 216]}, {"key": "statement-of-strategy", "type": "clause", "offset": [282, 303]}, {"key": "other-targets", "type": "clause", "offset": [450, 463]}], "hash": "961dd1afc46388b5f1a9bf59172f25c2", "id": 9}, {"size": 8, "snippet": "Performance Targets may include a minimum, maximum, target level and intermediate levels of performance, with the final value of a Performance Award determined under the applicable Performance Award Formula by the level attained during the applicable Performance Period. A Performance Target may be stated as an absolute value or as a value determined relative to a standard selected by the Committee.", "samples": [{"hash": "2ljPgWOioV4", "uri": "/contracts/2ljPgWOioV4#performance-targets", "label": "Restricted Stock Agreement (Medarex Inc)", "score": 21.0, "published": true}, {"hash": "kGimecySpLQ", "uri": "/contracts/kGimecySpLQ#performance-targets", "label": "Consulting Agreement (Rocketinfo Inc.)", "score": 18.0, "published": true}, {"hash": "eh0hHLxnHUm", "uri": "/contracts/eh0hHLxnHUm#performance-targets", "label": "Consulting Agreement (Rocketinfo Inc.)", "score": 18.0, "published": true}], "snippet_links": [{"key": "target-level", "type": "clause", "offset": [52, 64]}, {"key": "levels-of-performance", "type": "definition", "offset": [82, 103]}, {"key": "final-value", "type": "definition", "offset": [114, 125]}, {"key": "the-applicable", "type": "clause", "offset": [166, 180]}, {"key": "performance-award-formula", "type": "definition", "offset": [181, 206]}, {"key": "applicable-performance-period", "type": "definition", "offset": [240, 269]}, {"key": "the-committee", "type": "clause", "offset": [387, 400]}], "hash": "b3fe699d771ca60f3c88bd72380afacb", "id": 8}, {"size": 13, "snippet": "\uf0b7 There is an expectation that 30% of customers entering Training will move into Employment within 26 weeks of leaving Training. \uf0b7 For the purposes of assessing Provider performance Participants who leave the Programme within 6 weeks of starting Training will be excluded from the total of Participants entering Training. \uf0b7 There is an expectation that 50% of Participants who enter Employment within 26 weeks of leaving Training will remain in Employment for at least 13 weeks in the 26 weeks beginning on the first day of Employment. \uf0b7 Provider performance will be monitored against these expectations in line with Schedule 12 to the Contract and Providers will be required to produce performance improvement plans to improve performance where these targets are not being met.", "samples": [{"hash": "jRU2Vly7orq", "uri": "/contracts/jRU2Vly7orq#performance-targets", "label": "Contract for the Provision of Residential Training", "score": 22.4715938568, "published": true}, {"hash": "cCUEljoQEzQ", "uri": "/contracts/cCUEljoQEzQ#performance-targets", "label": "Residential Training Agreement", "score": 22.4715938568, "published": true}, {"hash": "Eqy3VtFrMd", "uri": "/contracts/Eqy3VtFrMd#performance-targets", "label": "Residential Training Agreement", "score": 22.4715938568, "published": true}], "snippet_links": [{"key": "of-customers", "type": "clause", "offset": [35, 47]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [131, 150]}, {"key": "the-programme", "type": "clause", "offset": [205, 218]}, {"key": "the-total", "type": "clause", "offset": [277, 286]}, {"key": "beginning-on-the", "type": "clause", "offset": [494, 510]}, {"key": "of-employment", "type": "clause", "offset": [521, 534]}, {"key": "schedule-12", "type": "definition", "offset": [617, 628]}, {"key": "the-contract", "type": "definition", "offset": [632, 644]}, {"key": "performance-improvement-plans", "type": "clause", "offset": [687, 716]}, {"key": "improve-performance", "type": "clause", "offset": [720, 739]}], "hash": "21f760bbb5139bc263699608a3118edf", "id": 2}, {"size": 8, "snippet": "The Committee, in its sole discretion, shall have the authority to determine, establish and adjust Performance Periods, establish the applicable Performance Targets, adjust the applicable Performance Targets and certify the attainment of Performance Targets.", "samples": [{"hash": "19cGMxn4wxT", "uri": "/contracts/19cGMxn4wxT#performance-targets", "label": "Performance Share Award Notice (Kraft Heinz Co)", "score": 35.1218338013, "published": true}, {"hash": "4DtoDljGHRd", "uri": "/contracts/4DtoDljGHRd#performance-targets", "label": "Performance Share Award Notice (Kraft Heinz Co)", "score": 34.1252555847, "published": true}, {"hash": "ib5rYihOgOh", "uri": "/contracts/ib5rYihOgOh#performance-targets", "label": "Performance Share Award Notice (Kraft Heinz Co)", "score": 32.5893211365, "published": true}], "snippet_links": [{"key": "the-committee", "type": "clause", "offset": [0, 13]}, {"key": "sole-discretion", "type": "definition", "offset": [22, 37]}, {"key": "to-determine", "type": "definition", "offset": [64, 76]}, {"key": "performance-periods", "type": "clause", "offset": [99, 118]}, {"key": "the-applicable", "type": "clause", "offset": [130, 144]}], "hash": "39aa13e8c2ef2ecef84b2a1c89732767", "id": 7}, {"size": 6, "snippet": "Subject to Section 3.1(d)(ii) of the Agreement, the Performance Option shall become Earned with respect to a percentage of Membership Units that are subject to the Performance Option based on the Company\u2019s level of achievement of consolidated annual EBITDA for the 2018 fiscal year, which shall be the 52-week period ending on February 2, 2019 (such 52-week period, the \u201cGrant Year\u201d), in accordance with the following terms and conditions.", "samples": [{"hash": "jmN8MqoaA8Z", "uri": "/contracts/jmN8MqoaA8Z#performance-targets", "label": "Unit Option Award Agreement (Academy Sports & Outdoors, Inc.)", "score": 31.6885700226, "published": true}, {"hash": "2LCSlSELi22", "uri": "/contracts/2LCSlSELi22#performance-targets", "label": "Unit Option Award Agreement (Academy Sports & Outdoors, Inc.)", "score": 31.6885700226, "published": true}], "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [0, 18]}, {"key": "the-agreement", "type": "clause", "offset": [33, 46]}, {"key": "performance-option", "type": "definition", "offset": [52, 70]}, {"key": "with-respect-to", "type": "clause", "offset": [91, 106]}, {"key": "a-percentage", "type": "definition", "offset": [107, 119]}, {"key": "membership-units", "type": "clause", "offset": [123, 139]}, {"key": "subject-to-the", "type": "clause", "offset": [149, 163]}, {"key": "based-on", "type": "clause", "offset": [183, 191]}, {"key": "the-company", "type": "definition", "offset": [192, 203]}, {"key": "annual-ebitda", "type": "definition", "offset": [243, 256]}, {"key": "fiscal-year", "type": "definition", "offset": [270, 281]}, {"key": "period-ending", "type": "definition", "offset": [310, 323]}, {"key": "on-february", "type": "clause", "offset": [324, 335]}, {"key": "grant-year", "type": "definition", "offset": [371, 381]}, {"key": "in-accordance-with", "type": "clause", "offset": [385, 403]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [404, 438]}], "hash": "69e4ebfde7486a460269306f843a9363", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxwZXJmb3JtYW5jZS10YXJnZXRzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 380, "parents": [["performance-based-vesting", "Performance-based Vesting"], ["responsibilities-of-gpec", "RESPONSIBILITIES OF GPEC"], ["grant-of-performance-share-award", "Grant of Performance Share Award"], ["definitions", "Definitions"], ["omnibus-plan", "Omnibus Plan"]], "title": "Performance Targets", "children": [["amendment-of-targets", "Amendment of targets"], ["other-targets", "Other targets"], ["main-risks-to-achievement-of-targets", "Main Risks to Achievement of Targets"], ["", ""], ["post-transition-period", "Post-Transition Period"]], "id": "performance-targets", "related": [["performance-objectives", "PERFORMANCE OBJECTIVES", "PERFORMANCE OBJECTIVES"], ["performance-measure", "Performance Measure", "Performance Measure"], ["performance-goal", "Performance Goal", "Performance Goal"], ["performance-goals", "Performance Goals", "Performance Goals"], ["performance-measures", "Performance Measures", "Performance Measures"]], "related_snippets": [], "updated": "2026-05-22T04:28:58+00:00", "also_ask": ["What objective metrics should be mandated to define performance targets clearly?", "How can performance targets be structured to allow for renegotiation if circumstances change?", "What are the most common pitfalls that render performance targets unenforceable in court?", "How do performance target clauses differ across jurisdictions or industry standards?", "What remedies or consequences should be specified for failure to meet performance targets?"], "drafting_tip": "Specify measurable targets to ensure clarity, set realistic benchmarks to promote achievability, and define assessment methods to facilitate objective evaluation.", "explanation": "The Performance Targets clause sets specific benchmarks or standards that a party must meet during the course of a contract. These targets may relate to measurable outcomes such as delivery times, quality levels, sales figures, or other key performance indicators relevant to the agreement. By clearly defining what constitutes acceptable performance, this clause ensures accountability and provides a basis for evaluating whether contractual obligations are being fulfilled, thereby reducing ambiguity and helping to prevent disputes over performance expectations."}, "json": true, "cursor": ""}}