2015 Performance Period definition
Examples of 2015 Performance Period in a sentence
If the sum of such EOY VWAP and Aggregate Distributions (or, for the calculation relating to the 2015 Performance Period, the Performance Period Distributions) is greater than the Annual Hurdle for such immediately preceding Performance Period, the Annual Hurdle is met.
Performance Goals for Performance Share Unit Grant 2013 - 2015 Performance Period This Appendix A to the Performance Share Unit Agreement sets forth the Performance Goals to be achieved and, depending upon the extent (if any) to which the Performance Goals are achieved, the number of whole and/or partial Shares, if any, which the Grantee shall have the right to receive with respect to each Performance Share Unit.
The actual Award amount shall be determined in accordance with Section 2.3 hereof based on the achievement of the Performance Goals set forth on Exhibit B to the Grant Notice for the January 1, 2015 to December 31, 2015 Performance Period (the “2015 Performance Period”).
Whether and to what degree the Units are earned will be determined by the relationship between the Company’s total shareholder return performance relative to that of a benchmark index during three performance periods: Performance Period 1 will start on December 1, 2014 and end on November 30, 2015, Performance Period 2 will start on December 1, 2014 and end on November 30, 2016, and Performance Period 3 will start on December 1, 2014 and end on November 30, 2017 (each, a “Performance Period”).
Should the Company's Return on Average Tangible Assets for Fiscal 2015 be equal to or greater than [ ]% (the "Fiscal 2015 Maximum Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2015 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.
Should the Company's Return on Average Tangible Assets for Fiscal 2015 equal [__]% (the "Fiscal 2015 Target Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2015 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.
The actual bonus payable to you for the 2015 Performance Period, if any, shall be an amount ranging from 0% to 150% of the Target Bonus, contingent on the achievement of the performance goals established by the Committee and set forth in Attachment A.
Your Target Bonus under the Incentive Plan is $1,000,000 for the 2015 Performance Period.
Should the Company's FDEPS for Fiscal 2015 be equal to or greater than $[ ] (the "Fiscal 2015 Maximum Amount of FDEPS"), then the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2015 Performance Period shall be settled by the issuance to the Custodian for the benefit of the Grantee of [ ] shares of the Restricted Stock in accordance with Section 1(b) of the Agreement.
If the average of the Closing Price of the Common Stock for a period of 40 or more consecutive Trading Days during the 2015 Performance Period does not equal or exceed $8.00 per share each of the First Performance Unit Tranche, the Second Performance Unit Tranche and the Third Performance Unit Tranche that has not previously vested in accordance with the schedule set forth above shall lapse and be forfeited as of the close of business on October 31, 2015.