Performance Adjustment Factor definition

Performance Adjustment Factor means the performance adjustment factor (either upwards or downwards) calculated following the end of the Performance Period in accordance with the Award Agreement.
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Performance Adjustment Factor or “PAF” means the multiplier obtained by combining the completion factors from the IBOs of a Participant as determined by the Committee in its sole discretion. The Performance Adjustment Factor can vary from 0% to 100% depending upon the attainment of the Participant’s IBOs.
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Performance Adjustment Factor means the percentage multiple determined by the Company’s decile ranking, relative to the members of the Peer Group during the applicable Measurement Period, on each of the two Performance Measures, equally weighted. A matrix is attached to that Participant’s Cover Sheet by which the applicable Performance Adjustment Factor for each Participant based on the Participant’s Category is determined.
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Examples of Performance Adjustment Factor in a sentence

  • In fact, every major po- sition at the Department of Homeland Security is now held by a temporary appointee not confirmed by the Sen- ate—not confirmed by the Republican- controlled Senate.A major front in President Trump’swar on immigrants has been his attack on Dreamers.

  • The Performance Adjustment Factor will be interpolated on a linear basis for results that fall between the threshold and maximum.

  • These elements include: (a) calculating the annual avoided capacity value of a CT; (b) determining the year in which each utility has its first avoidable capacity need; (c) determining how annual capacity payments are made to the QF supplier; and (d) applying an appropriate Performance Adjustment Factor in calculating the avoided capacity rate to allow the QF to receive full capacity value if its forced outage rate is equivalent to that of the Companies’ overall generation fleets.

  • For the purposes of illustration, the Performance Requirement in Period A2 is 90 percent Capacity Factor and the Performance Adjustment Factor for Period A2 is 2.0. If the actual Capacity Factor in a particular month in Period A2 were 88.5 percent, then Seller would pay Buyer the following Performance Adjustment = (90% – 88.5%) x 2.0 = 1.5% x 2.0 = 3.0 percent of the Maximum Performance Adjustment for that month of XXX Period A2.

  • In order to emphasize quality and durability, the Commonwealth will apply a Performance Adjustment Factor (PAF) as a multiplier to each paint formula bid price prior to selecting the apparent low bid.

  • The value assumes 100% vesting of all PSUs and a Performance Adjustment Factor of 2.0x for PSUs granted during the fiscal year ended December 31, 2020 and a Performance Adjustment Factor of 1.0 for PSUs granted during the fiscal years ended December 31, 2021 and December 31, 2022.(5) For Ms. Feldman, 3,507 of Stock Options granted in 2021 were from the one-time grant on November 23, 2021 and vest one-half on November 23, 2022 and November 23, 2023.

  • Occurrence of a Failure to Supply per Calendar Year Performance Adjustment Factor First (1st) Failure to Supply 1.0 Second (2nd) Failure to Supply 1.0 Third (3rd) Failure to Supply 1.0 Fourth (4th) Failure to Supply 0.9 Fifth (5th) Failure to Supply 0.8 Sixth (6th) Failure to Supply 0.7 Seventh (7th) Failure to Supply 0.6 Eighth (8th) Failure to Supply 0.5 Ninth (9th) Failure to Supply 0 All subsequent Failures to Supply 0 The AESO may net and set-off pursuant to Section 7.7.

  • PSU Awards Vesting in 2022 The PSUs granted on March 8, 2019 vested on March 8, 2022 based on Adjusted Operating EBITDA performance over the period from January 1, 2019 to December 31, 2021, which resulted in a Performance Adjustment Factor of 1.35 as calculated in the following table.

  • The proposal by DEC/DEP witnesses Bowman and Snider and DNCP 22 witnesses Williams and Petrie to reduce the Performance Adjustment Factor 23 (“PAF”) to 1.05.

  • Notes:(1) Value that would have been realized if Stock Options that vested during 2022 had been exercised on December 31, 2022.(2) Vested Share-based awards include PSUs granted in 2020 that vested on March 16, 2023 using a Performance Adjustment Factor of 2.0x and the selling price at vesting of $22.97.


More Definitions of Performance Adjustment Factor

Performance Adjustment Factor means a number between one and zero based on the achievement of Performance Criteria calculated following the end of the Performance Period in accordance with the Award Agreement;
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Related to Performance Adjustment Factor

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Factors means any of the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by the Committee with respect to applicable Awards have been satisfied:

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Multiplier means the Multiplier specified in the Table.

  • Performance Ratio (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Lowest achievable emission rate (LAER) means for any source, that rate of emissions which reflects the most stringent emission limitation which is contained in the implementation plan of any State for such class or category of source, unless the owner or operator of the proposed source demonstrates that such limitations are not achievable, or the most stringent emission limitation which is achieved in practice by such class or category of source, whichever is more stringent. In no event shall the application of this term permit a proposed new or modified source to emit any pollutant in excess of the amount allowable under applicable New Source Standards of Performance.