Objective standard definition

Objective standard means a standard that both:
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Objective standard. : The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant. Such formula or standard shall specify the individual employees or class of employees to which it applies, and shall preclude discretion to increase the amount payable that would otherwise be due upon attainment of the objective.
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Objective standard means a standard that:
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Examples of Objective standard in a sentence

  • The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant.

  • A Performance Objective may be based on one or more business criteria that apply to the individual Participant, a business unit or the Company as a whole, and shall state, in terms of an Objective Standard, the method of computing the amount payable to the Participant if the Performance Objective is attained.

  • Service Expectation or Objective Standard of Performance Warner and WPI shall provide service to each other on substantially the same basis provided for each of their own use.


More Definitions of Objective standard

Objective standard defined in Clause Seven of this agreement. In the aforementioned events: The SELLER agrees to indemnify the BUYER and the COMPANY, its directors, employees, shareholders, agents and advisers (collectively the "Indemnified Parties") and maintain them indemnified against any cost, expense, loss, claim, action, complaint, litigation, penalty, fine, injury or expenditure incurred or created, as a consequence or result of any Encumbrance or loss suffered as a result of an "Event of Indemnification." In the event that the guarantee issued by TEMSA is insufficient, the SELLER promises and agrees to immediately pay without protest to the BUYER, in cash and in dollars, legal tender of the United States of America, the resulting sum of money, and the BUYER will initiate the appropriate legal action in order to claim payment from the SELLER. In the event of any claim that constitutes an Event of Indemnification, the BUYER will have the right, at its sole and absolute discretion, to immediately collect any amount resulting from the Event of Indemnification of the guarantee with a notice by the BUYER to TEMSA, listing the amount of the claim, and, at the same time, TEMSA will have no opportunity of any kind to reserve [a right] or [make a] claim or defense. The BUYER will subrogate all rights related to the Event of Indemnification to TEMSA, if applicable. The foregoing obligation on the part of TEMSA and the SELLER, whatever the case may be, are irrevocable obligations under this agreement. Notwithstanding that, in the event of collection of the guarantee by the BUYER, if the SELLER does not agree with the payment made by TEMSA, it may follow the procedure contained in the Resolution of Conflicts Clause of this agreement.
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Objective standard. For purposes of this agreement, any reference herein to: "negative impact, adverse results, adverse effect, adversely affect," and other similar terms, will be interpreted as the existence of a reduction of five percent (5%) from the Company and Business Plan as of April 1999, with gross income of two million fifty-two thousand eight hundred twenty four dollars (US$2,052,824), legal tender of the United States of America, equal to the sum of thirteen million five hundred forty-nine thousand six hundred eighty-three quetzals (Q13,549,683.87), at an exchange rate of six point six zero zero five quetzals (Q6.6005) to the dollar (US$1.00), legal tender of the United States of America, therefore, in any case, the amount expressed in quetzals and thus converted to dollars at the rate of exchange indicated, will always be the parameter for application of the "Objective Standard," notwithstanding any fluctuation above or below the rate of exchange for the quetzal with the dollar, legal tender of the United States of America. Likewise, this "Objective Standard" is also considered to be a reduction of percent (5%) in any of the categories of active customers of the COMPANY, which appear in EXHIBIT 4, which forms an integral part of this agreement. This is considered the "Objective Standard" for interpretation of such terms in the clauses of this agreement, unless otherwise stipulated between the BUYER and the SELLER.
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Objective standard. : The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant. Such formula or standard shall specify the individual
Sample 1

Related to Objective standard

  • Performance Standards or “PS” shall mean the cleanup levels and other measures of achievement of the remedial action objectives, as set forth in the ROD.

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target.

  • Uniform standard means a standard adopted by the Commission for a Product line, pursuant to Article VII of this Compact, and shall include all of the Product requirements in aggregate; provided, that each Uniform Standard shall be construed, whether express or implied, to prohibit the use of any inconsistent, misleading or ambiguous provisions in a Product and the form of the Product made available to the public shall not be unfair, inequitable or against public policy as determined by the Commission.

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Objective means the targets, results and goals required by the Government;

  • Applicable Standards means the requirements and guidelines of NERC, the Applicable Regional Entity, and the Control Area in which the Customer Facility is electrically located; the PJM Manuals; and Applicable Technical Requirements and Standards.

  • Corrective Measure The contractor shall repair any deficiencies to meet the performance guideline within warranty period.

  • Goal means the intended or projected result of a comprehensive corrections plan or community corrections program to reduce prison commitment rates, to reduce the length of stay in a jail, or to improve the utilization of a jail.

  • Service Levels means the service levels to be met by the Services as referenced in the Contract Letter and set out in the Specification Schedule.

  • Design Criteria Professional means a firm who holds a current certificate of registration under Chapter 481 of the Florida Statutes, to practice architecture or landscape architecture, or a firm who holds a current certificate as a registered engineer under Chapter 471 of the Florida Statutes, to practice engineering, and who is employed by or under contract to the District to provide professional architect services, landscape architect services, or engineering services in connection with the preparation of the Design Criteria Package.

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • Service Standards means the set of Service Measures, Service Levels, conditions and Service Guarantee Payments as set out in Schedule 1;

  • Quality Standards means the quality standards published by BSI British Standards, the National Standards Body of the United Kingdom, the International Organisation for Standardisation or other reputable or equivalent body, (and their successor bodies) that a skilled and experienced operator in the same type of industry or business sector as the Contractor would reasonably and ordinarily be expected to comply with, and as may be further detailed in the Specification.

  • Functional Criteria means the criteria set out in clause 27 of this Part C.

  • Performance Tests means the tests to be conducted on the equipment at site for checking the performance parameters of the equipment as defined in Technical Specification.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;

  • ASAM criteria means the most current edition of the American Society of Addiction Medicine's published criteria for admission to treatment, continued services, and discharge.

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Accessibility Standards means accessibility standards and specifications for Texas agency and institution of higher education websites and EIR set forth in 1 TAC Chapter 206 and/or Chapter 213.

  • Web Site Accessibility Standards/Specifications means standards contained in Title 1 Texas Administrative Code Chapter 206.

  • Criteria means one of the eight (8) state defined categories to be scored.

  • Quality Improvement means a focus on activities to improve performance above minimum standards and reasonably expected levels of performance, quality and practice.

  • Design Criteria means the design criteria set out in the Ministry’s publication “Design Criteria for Sanitary Sewers, Storm Sewers and Forcemains for Alterations Authorized under Environmental Compliance Approval”, (as amended from time to time).