Minimum Performance definition
Minimum Performance means the minimum Performance Goal achievement required for any distribution to be made with respect to a Performance Share, as set out in Appendix A.
Minimum Performance means the minimum or threshold Performance Goal attainment required for any RTSR Performance Units to be achieved (subject to vesting), described as such in Appendix A.
Minimum Performance means when the liquefaction plant has achieved, in the aggregate, an average LNG output of at least 80 per cent of the Guaranteed LNG Output over a period of 72 consecutive hours.
Examples of Minimum Performance in a sentence
The applicable Performance Goals, the weight given to each Performance Goal, and the Minimum Performance, Target Performance, and Maximum Performance are as set forth in Appendix A.
More Definitions of Minimum Performance
Minimum Performance means the criteria specified in Section 12 and Attachment 1.
Minimum Performance means the performance objective at which a Minimum Award is made for a certain portion of the Plan and below which no award is made for that portion of the Plan.
Minimum Performance means when the Equipment has achieved, in the aggregate (and, for the avoidance of doubt, not on an individual train basis), an average LNG output of at least [*****] of the Guaranteed LNG Output over a period of [*****] consecutive hours; "OFE" means all the equipment and other supplies specified in Appendix 4 (OFE And Owner Engineering Deliverables Ros Dates) to be furnished by the Owner to the Contractor in accordance with this Agreement; "Original Contract" shall have the meaning given to it in the Recitals to this Agreement; "Other FM Event" shall have the meaning given in Article 31.1 (Force Majeure); "Other FM Event Start Date" shall have the meaning given in Article 31.1 (Force Majeure); "Outstanding Works" shall have the meaning given in Article 18.2 (Mechanical Completion); "Owner Background Intellectual Property" means the pre-existing Intellectual Property Rights of the Owner and original drawings, specifications, reports, and other engineering documents which the Owner prepares and delivers pursuant to this Agreement and any Intellectual Property Rights of the Owner developed, used or modified by the Owner in the performance of its obligations in this Agreement; "Owner Guarantor" means Golar LNG Limited and any other shareholder (directly or indirectly holding shares) in the Owner. "Owner Rely-Upon Information" means all the information contained in the documents listed in Appendix 1C (Owner Rely-Upon Information); "Owner Request" shall have the meaning given to it in Article 14.16 (LOA Variations); "Owner's Group" means, collectively, the group of entities and persons comprising of the Owner, its immediate customer(s) in respect of the Vessel, such customer's or customers' intermediate and ultimate clients (who can benefit from the use of or employment of the Vessel whether as a charterer of the Vessel or from the exploration or production of hydrocarbons or otherwise), the Affiliates of each and every one of the foregoing entities at all tiers, each and every one of the contractors and subcontractors, excluding any member of the Contractor's Group or the Sub-Contractor's Group, at all tiers of the foregoing entities, invitees or guests of the Owner, the registered (or beneficial) owner, manager and crew of the Vessel and the representatives, agents, officers, directors, employees and personnel of each and every one of the foregoing entities, but excluding any member of the Contractor's Group or of the Sub-Contractor's Group; "Owner's Final N...
Minimum Performance means purchase by Distributor of thirty-five (35) or more units of the Product in a calendar year in accordance with the provisions hereof.
Minimum Performance means, as to any Performance Measure, the level of Actual Performance for any given Performance Period at which a Minimum Unit Payout Factor is earned.
Minimum Performance means the sale during the Term of this Agreement of --------------------- a minimum number of Products each year as set forth in Exhibit B2.
Minimum Performance means the percentage of time or instances that a target SL must be met as specified in the applicable SL.