Performance Attainment Factor definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Performance Attainment Factor means a percentage that represents the extent to which a Performance Goal has been achieved during a given Performance Period. This factor is used to determine the number of PSUs that become eligible for vesting based on the level of attainment of the Performance Goals, as determined by the Compensation Committee.

Performance Attainment Factor means the factor set forth below that is determined based on the extent to which the Software Revenue Target for the corresponding Performance Period was attained. The Software Revenue Targets for each of the Performance Periods shall be communicated separately to the Participant. Less than 80% 0 Equal to or greater than 80% but less than 90% Actual Software Revenue Target Performance Attainment %, multiplied by a factor of 0.6 Equal to or greater than 90% and less than 110% Actual Software Revenue Target Performance Attainment % Equal or greater than 110% 150% “Software Revenue” for purposes of each of the Software Revenue Targets means revenue recognized by the Company for the corresponding Performance Period from subscriptions for software and software-related services, principally including subscriptions for term-based and perpetual software licenses and hosted software solutions, as reported in the financial statements included in the Company’s Annual Report on Form 20-F for the fiscal years coinciding with the applicable Performance Periods.

Examples of Performance Attainment Factor in a sentence

The Performance Attainment Factor shall be determined by reference to the intersection of the Operating Income Percentage and Revenue in the table below, measured as of the end of the Performance Period, with performance in between the identified attainment performance attainment level (i.e., Performance Attainment Factor percentage attainment) determined by interpolation on a linear basis.
The calculation of the Earned PSUs, the Performance Attainment Factor, and the Stock Price CAGR shall be determined by the Committee after the end of each Performance Period.
For each vesting tranche of the PSUs, the number of PSUs that is eligible to vest based on attainment of the Performance Goal shall be calculated as fifty percent (50%) of the Target PSUs multiplied by the Performance Attainment Factor (as set forth below) for the applicable Performance Period, rounded to the nearest whole share (such PSUs, the "Earned PSUs").
If the Corporation's Stock Price CAGR for the applicable Performance Period is greater than Target Performance but less than Maximum Performance, the Performance Attainment Factor shall be interpolated on a straight-line basis between 100.00% and 150.00% based on the applicable Stock Price CAGR.
Notwithstanding the foregoing, in no event shall the Participant be eligible to achieve a Performance Attainment Factor in excess of 150.00% or less than 50.00% as it relates to the determination of the number of PSUs eligible to vest pursuant to the calculation in Section 1 of this Exhibit A.
Notwithstanding the foregoing, in no event shall the Participant be eligible to achieve a Performance Attainment Factor in excess of 150.00% as it relates to the determination of the number of PSUs eligible to vest pursuant to the calculation in Section 1 of this Exhibit A.
Target Number of Performance Stock Units (“OI/Revenue Target Units”): [●] to [●] The actual number of Performance Stock Units that are eligible to vest in accordance with the Vesting Schedule of the Agreement shall be based on the attainment level of the Performance Goals set forth below, in accordance with the following formula: ▪ The product of the OI/Revenue Target Units, multiplied by the Performance Attainment Factor (as set forth in the table below).