Common use of Performance Threshold Clause in Contracts

Performance Threshold. (a) For purposes of this Agreement, the “Performance Threshold” for any year shall be satisfied if the XXX (as defined below) for that year is greater than the 5 Yr Avg Cost of LT Debt (as defined below) for that year.

Appears in 9 contracts

Samples: Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)

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Performance Threshold. (a) For purposes of this Agreement, the “Performance Threshold” for any year shall be satisfied if the XXX ROE (as xx defined below) for that year is greater than the 5 Yr Avg Cost of LT Debt (as defined below) for that year.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)

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Performance Threshold. (a) For purposes of this Agreement, the “Performance Threshold” for any year shall be satisfied if the XXX (as defined below) for that year is greater than the 5 Yr Avg Cost of LT Debt (as defined below) for that year.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreements (Northwest Natural Gas Co)

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