Risk Review Performance Factor Sample Clauses

Risk Review Performance Factor. The ROEC-related risk metric and business unit financial performance each serve as a trigger to determine whether or not a risk performance review and potential downward adjustment by the Committee is required. In addition, and independent from the ROEC-related risk metric or business unit financial performance, the Committee has the discretion to conduct a risk performance review. Any determination to conduct a risk performance review will be made shortly after the close of the applicable year, but no later than the 45th day following the close of such year. The “ROEC hurdle” for a given risk performance year is the risk performance hurdle specified by the Committee (no later than March 30th of that performance year) for purposes of comparison of ROEC to such hurdle. The hurdle is related to PNC’s cost of capital, and is set at a level at which the Committee believes ROEC performance below that level for the year could be an indication of a possibly inappropriate level of risk and therefore warrant a risk performance review by the Committee. A review is triggered (1) if the Committee requires a review in its discretion, (2) one of the specific business unit or enterprise level review triggers set forth below is met and that review trigger is applicable to you because either (a) it applies to your business unit or functional area as of the Grant Date and the Committee has not determined in its discretion to apply a different review trigger to you for the given performance year or (b) the Committee has determined in its discretion to apply such specific business unit or enterprise level review trigger to you for the specific performance year or years; or (3) PNC’s ROEC is less than the ROEC hurdle for that performance year. The specific business unit or enterprise level review triggers referenced in clause (2) above are as follows: • PNC’sRetail Banking segment reports a loss for the performance year • PNC’s Corporate & Institutional Banking segment reports a loss for the performance year • PNC’s Asset Management Group segment reports a loss for the performance year • PNC’s return on economic capital with specified adjustments (“ROEC”) for the performance year is less than the applicable Committee-specified ROEC hurdle amount for that performance year. If you are not assigned to one of the above-named business units as of the Grant Date, the specific review trigger applicable to you will be the one that relates to PNC’s ROEC relative to the applicable Commi...
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Related to Risk Review Performance Factor

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

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

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • Performance Objectives Subject to the terms of this Agreement, the Participant’s interest in the Stock Award shall vest and become transferable in accordance with paragraphs 3, 4 and 5 and Exhibit I based on the Company’s Compounded Annual Growth Rate TSR for the applicable measurement period relative to the Compounded Annual Growth Rate TSR for the applicable measurement period for the companies (other than the Company) listed in the NAREIT Hotel Index.

  • Performance Review The Company will periodically review Executive’s performance on no less than an annual basis and will make adjustments to salary or other compensation, as they deem appropriate in their sole and absolute discretion.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2006, and shall end on December 31, 2008.

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