Common use of Threshold Performance Clause in Contracts

Threshold Performance. Upon the Company achieving threshold performance equal to eighty percent (80%) of the GP Target for the respective calendar year being measured, the Performance Bonus shall pay at fifty percent (50%) of the then eligible amount set forth in Section 4(b) above.

Appears in 6 contracts

Sources: Compensation Agreement (QumulusAI, Inc.), Compensation Agreement (QumulusAI, Inc.), Compensation Agreement (QumulusAI, Inc.)