Operational Performance Period definition

Operational Performance Period means the period of time from January 1, 2022 to the earliest of (A) December 31, 2022; or (B) in the event of a Change in Control that is not a Transactional Change in Control, the date on which such Change in Control shall occur; or (C) in the event of a Transactional Change in Control and subject to the consummation of such Transactional Change in Control, the date of the Public Announcement of such Transactional Change in Control.
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Operational Performance Period means the period beginning on [______] and ending on [______], unless terminated earlier in connection with a Change in Control or a Qualifying Termination, as provided herein.
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Operational Performance Period means the period beginning on [ ] and ending on [ ], unless terminated earlier in connection with a Change in Control or a Qualifying Termination, as provided herein.
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Examples of Operational Performance Period in a sentence

  • Notwithstanding the foregoing, in the event that the Operational Performance Period ends earlier than it otherwise would have ended due to the occurrence of a Change in Control, all of the Operational Performance Metrics will be deemed to have been achieved at the target level and, as a result, the Initial Earned Operational Amount will equal 50% of the Operational LTIP Units set forth on Schedule A.

  • Following the end of the Operational Performance Period, the Committee will determine the “Initial Earned Operational Amount,” which equals the product of (i) the Operational LTIP Units multiplied by (ii) the percentage determined pursuant to the table set forth in Section 1 of Schedule B.

  • Subject to the provisions of Section 4 below, the portion of the Award consisting of Operational LTIP Units will initially be earned based on the Company’s achievement of certain operational performance metrics (the “Operational Performance Metrics”) during the Operational Performance Period.


More Definitions of Operational Performance Period

Operational Performance Period means the period beginning on January 1, 2021 and ending on December 31, 2021, unless terminated earlier in connection with a Change in Control or a Qualifying Termination, as provided herein.
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