PERFORMANCE UNIT ACHIEVEMENT Sample Clauses
The PERFORMANCE UNIT ACHIEVEMENT clause defines the criteria and process for determining when specific performance units or milestones have been successfully completed under an agreement. Typically, this clause outlines the measurable objectives or deliverables that must be met, the methods for verifying achievement, and any documentation or reporting requirements. By clearly specifying how and when performance units are considered achieved, this clause ensures both parties have a mutual understanding of progress and triggers for related payments or obligations, thereby reducing disputes and promoting accountability.
PERFORMANCE UNIT ACHIEVEMENT. The number of Performance Units Achieved will be calculated as follows: Performance Units Achieved = Performance Units * Payout Percentage. The number of Performance Units Achieved is subject to satisfaction of the performance criteria set forth on Exhibit A over the period beginning on [Beginning Date] and ending on [Ending Date] (the “Performance Period”), and will be determined at the end of the Performance Period. If actual performance is below the Minimum performance level indicated, no Performance Units will be achieved. Each whole Performance Unit Achieved represents the right to receive one full Share at the time and in the manner described in this Award Agreement.
PERFORMANCE UNIT ACHIEVEMENT. The number of “Performance Units Achieved” will be calculated as follows: Performance Units Achieved = Performance Units *
PERFORMANCE UNIT ACHIEVEMENT. (a) Performance Unit Achievement: The number of “Performance Units Achieved” will be calculated as follows: The number of Performance Units Achieved, if any, is subject to satisfaction of the performance criteria set forth on Exhibit A over the period beginning on [period start date] and ending on [period end date] (the “Performance Period”), and will be determined at the end of the Performance Period. Each whole Performance Unit Achieved represents the right to receive one full Share at the time and in the manner described in this Award Agreement.