Performance Adjustment definition

Performance Adjustment means, for any year, a factor ranging from 0% to 200%, based upon the achievement of Performance Goal Targets established by the Committee, that, when multiplied by an Eligible Participant's Target Award, determines the amount of such Eligible Participant's Annual Performance Award for such year.

Performance Adjustment means the percentage(s), as set forth in an award schedule, that will, when multiplied by a Participant’s Target Bonus, determine the amount of a Participant’s Award.

Performance Adjustment consists of an adjustment to the monthly Basic Fee to be made by applying a performance adjustment rate to the average net assets of the Fund over the Performance Period (as defined below). The resulting dollar figure shall be added to or subtracted from the Basic Fee depending on whether the Fund experienced better or worse performance than the Index. The performance adjustment rate shall be equal to 0.01% per annum for each percentage point rounded to the nearer point (the higher point if exactly one-half point) that the Fund’s investment performance for the period was better or worse than the record of the Index (as then constituted). The maximum Performance Adjustment is plus or minus 0.10% per annum. In addition, as the Fund’s average daily net assets over the Performance Period may differ substantially from the Fund’s average daily net assets during the current year, the Performance Adjustment may be further adjusted to the extent necessary to ensure that the total Performance Adjustment to the Basic Fee on an annualized basis does not exceed 0.10%.

Examples of Performance Adjustment in a sentence

• One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

• Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest 0.01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted.

• Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted.

• One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

• The amount of any Performance Adjustment to the Basic Fee will be computed on the basis of and applied to the average net assets over the Performance Period ending on the last day on which this Agreement is in effect for such Fund.

More Definitions of Performance Adjustment

Performance Adjustment means any adjustment made in accordance with Section 3(b) to the calculation of the percentage of Target Amount earned under Section 3(a).

Performance Adjustment means a factor (or factors), as determined by a schedule established by the Committee, that will, when multiplied by a Participant's Target Award, determine the amount of a Participant's Award.

Performance Adjustment means the lesser of: (a) the lowest kW recorded on the output meter during the Measurement Period or (b) the Customer’s kW of Contract Demand under SC 11 in excess of the Contract Demand billed under Standby Service rates or the Contract Demand in excess of the as used demand billed under another rate.

Performance Adjustment means an amount which is deducted from the relevant Proprietary Index to reflect (i) the costs incurred by the relevant Index Sponsor in gaining exposure to the Constituents and (ii) the costs to investor in funding exposure to the Constituents. The Performance Adjustment reduces the cost to the Issuer of taking a position in, and therefore gaining exposure to, a Constituent and is deducted from such Proprietary Index on a pro-rata daily basis. The Performance Adjustment can be a fixed level or a floating level. The floating level is often benchmarked to a LIBOR.

Performance Adjustment consists of an adjustment to the monthly Basic Fee to be made by adding or subtracting the Performance Adjustment to the Basic Fee depending on whether the Class experienced better or worse performance than the Index. The Performance Adjustment shall be 0.02% per annum of the Fund’s average daily net assets for the first 0.25 percentage points (i.e., the first 25 basis points) of absolute performance by which the Class’ investment performance during the Performance Period was better or worse than the performance record of the Index (as then constituted) during the Performance Period (the “Initial Zone”). After the Initial Zone (i.e., after 0.25 percentage points), the Performance Adjustment shall equal 0.03% per annum of the Fund’s average daily net assets during the Performance Period for each 0.25 percentage points that the Class’ investment performance during the Performance Period was better or worse than the performance record of the Index (as then constituted) during the Performance Period. The maximum Performance Adjustment is plus or minus 0.35% per annum of the Fund’s average daily net assets during the Performance Period, which is applicable if the Class’ performance relative to that of the Index during the Performance Period is plus or minus 3.00% (300 basis points). In addition, as the Fund’s average daily net assets during the Performance Period may differ substantially from the Fund’s average daily net assets during the current month and year, the Performance Adjustment shall be further adjusted to the extent necessary to ensure that the total Performance Adjustment to the Basic Fee on an annualized basis does not exceed 0.35%. While the Performance Adjustment is calculated on the 36-month Performance Period, it is pro-rated to a monthly payment to correspond with the Fund’s monthly payment of the Advisory Fee. The Fund shall use natural rounding to two decimal places regarding performance differences and calculations of the Performance Adjustment (e.g., each shall be rounded to the nearer point (the higher point if exactly one-half point)). Exhibit A to this Agreement sets forth a table showing the application of the Performance Adjustment. The investment performance of the Class during the Performance Period shall be measured by comparing the (i) opening net asset value of one share of the Class on the first business day of the Performance Period with (ii) the closing net asset value of one share of the Class as of the last business day of ...

Performance Adjustment means in relation to any Reporting Period, an adjustment to the Concession Payment that is calculated in accordance with paragraph 2.1 of Schedule 11.1 (Concession Payments) to be made on the Payment Date for that Reporting Period and payable by one party to the other; Performance Bond means the on-demand bond issued by a Bond Provider with the Required Rating in the form set out in Appendix 1 (Form of Performance Bond) to Schedule 14 (Financial Obligations and Credit Support), Performance Bond Longstop Date has the meaning given to it in paragraph 2.2(b) of Schedule 14 (Financial Obligations and Credit Support);

Performance Adjustment means the adjustment to any Concession Payment for any Reporting Period calculated in accordance with paragraph 2.5 of Schedule 11.1 (Concession Payments);