OP Performance Period definition
OP Performance Period means the three calendar-year period commencing on January 1, 2014 and ending on December 31, 2016.
OP Performance Period means the three calendar-year period commencing on January 1, 2014
OP Performance Period means the three calendar-year period commencing on and ending on
Examples of OP Performance Period in a sentence
The Committee shall take into account the finance department’s determination and the Company’s auditors’ review and make the final determination of Operating Profits as soon as practicable after the end of the OP Performance Period.
Such books and records shall be maintained in accordance with U.S. generally accepted accounting principles and the Company’s internal accounting policies and procedures consistently applied over each of the fiscal years during the OP Performance Period.
The Company’s finance department shall make an initial determination of Operating Profits for each fiscal year during the OP Performance Period.
More Definitions of OP Performance Period
OP Performance Period means the three calendar-year period commencing on __________ and ending on ________________.
OP Performance Period means the three calendar-year period commencing on __________ and ending on ________________. (x)“Performance Period” means the OP Performance Period and the TSR Performance Period, as applicable. (xi) “Pro Rata Fraction” means a fraction, the numerator of which is the number of full months from the Grant Date through the date of (A) a Change in Control or (B) a Qualified Termination, as applicable, and the denominator of which is thirty six (36). (xii) “Qualified Termination” means a termination of employment with the Company and all Subsidiaries during the Performance Period (A) by the Company or a Subsidiary on account of the Grantee’s Disability, (B) due to the Grantee’s death, or (C) that constitutes a “Without Cause Termination.” For the avoidance of doubt, the voluntary resignation of a director or the decision by a director not to stand for re-election shall not be a Qualified Termination. (xiii)“Stretch Target” means $______________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to eliminate the impact of the addition of Operating Profits, or the decrease of Operating Profits, resulting from the transaction, but only to the extent that the additional Operating Profits or the decreased Operating Profits exceed the Materiality Threshold. For example, the acquisition of an entity that generated Operating Profits of $5,000,000 USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $2,000,000 USD for each full calendar year remaining in the OP Performance Period (if any), plus an amount equal to the product of $2,000,000 multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12). (xiv) “Subsidiary” shall mean each entity with respect to which the Company owns, directly or indirectly, greater than fifty percent (50%) of the capital stock. (xv) “TSR” means the cumulative percentage change in stock price over the TSR Performance Period, with Dividends Paid during the TSR Performance Period being added to the stock price at the end of the TSR Performance Period. For purposes of this Agreement, the price of an entity’s stock at the beginning of the TSR Performance Period will be the average...
OP Performance Period means the three calendar-year period commencing on January 1, 2017 and ending on December 31, 2019.