Performance Certification Date definition

Performance Certification Date means the date as of which the Compensation Committee makes its written certifications of the TSR Vesting Percentage and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 2(a) of the Award Agreement.
Sample 1Sample 2Sample 3
Performance Certification Date means, with respect to each Performance Period, the date(s) as of which the Committee makes its written certifications of the Company SPP Rank and the Downtime Performance Percentage for such Performance Period, as applicable, and its determination of whether and the extent to which the applicable Performance Requirements have been satisfied in accordance with Section 2(c).
Sample 1Sample 2
Performance Certification Date means, with respect to Phantom Shares subject to subclause (i) of Paragraph 2(a), the date as of which the Committee makes its written certifications of the Downtime Performance Percentage, and with respect to Phantom Shares subject to subclause (ii) of Paragraph 2(a), the date as of which the Committee makes its written certification of the Company SPP Rank, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 11(c).
Sample 1

Examples of Performance Certification Date in a sentence

  • Such earned PSUs shall be paid and settled as soon as practicable following the Performance Certification Date, but in no event later than March 15 of the year following the end of the Performance Period for which the PSUs were earned.

  • In the event of such termination on or after the Performance Certification Date but before the Final Vesting Date, then all unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination.

  • In the event of such termination on or after the Performance Certification Date but prior to the Final Vesting Date, then the RSUs that are scheduled to vest on the next Vesting Date (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination, and the remaining RSUs shall be forfeited.

  • Since the general goal of demand response programs is increasing efficiency across the power system.

  • Between the Performance Certification Date and the Release Date, Recipients shall be entitled to dividends on Shares at the same rate and paid at the same time as other shareowners.

  • As soon as administratively feasible after the Performance Certification Date, the number of Shares earned based on the Performance Criteria shall be issued to the Recipient, but shall remain restricted and subject to forfeiture until the Release Date, except as provided in Section 3 below.

  • For Recipients described above who are not issued Shares until just prior to the Release Date, such Recipients shall receive a cash payment equal to the dividend that would have been paid on an equal number of Shares for the period between the Performance Certification Date and the Release Date.

  • In the event that such termination occurs on or after the Performance Certification Date but prior to the Final Vesting Date, 50% of the remaining unvested RSUs (based on the number of RSUs determined on the Performance Certification Date to be eligible to be received) shall vest upon the date of such termination, and the remaining RSUs shall be forfeited.

  • For certain Recipients for which the issuance of Shares at the Performance Certification Date would create adverse regulatory, tax, or legal consequences (determined in the discretion of the Company or a Related Company), Shares shall not be issued until just prior to the Release Date.

  • In such a case, the Recipient shall be deemed to have share units equal to the number of Shares earned for the period between the Performance Certification Date and the date Shares are issued.


More Definitions of Performance Certification Date

Performance Certification Date means, with respect to Financial Performance Phantom Shares and Financial Performance Cash Awards, the date as of which the Committee makes its written certifications of the Average Common Stock Price, and with respect to Available Days Phantom Shares and Available Days Cash Awards, the date as of which the Committee makes its written certifications of the number of Available Days, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 11(c) of the Agreement. Unless the Committee determines otherwise, the Performance Certification Date shall be February 28, 2013.
Sample 1
Performance Certification Date means the date as of which the Compensation Committee makes its final written certifications of the TSR Vesting Percentage and RONCE Vesting Percentage, and its determination of whether and the extent to which the applicable Performance Requirements have been met in accordance with Paragraph 2(a) of the Award Agreement.
Sample 1

Related to Performance Certification Date

  • Performance Certification As defined in Section 11.05.

  • Performance Certificate means the certificate issued under Sub-Clause

  • Compliance certification means a submission to the department or the U.S. EPA, as appropriate, that is required under section 8 of this rule to report a NOx budget source’s or a NOx budget unit’s compliance or noncompliance with this rule and that is signed by the NOx authorized account representative in accordance with section 6 of this rule.

  • Quarterly Compliance Certificate has the meaning specified in Section 4.1(d) of the Base Indenture.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).

  • Acceptance Certificate (11/18) means a written instrument by which the City notifies Contractor that a Deliverable has been Accepted or Accepted with exceptions, and Acceptance Criteria have been met or waived, in whole or in part.

  • Final Acceptance Certificate means the certificate that shall be issued by the Engineer to the Contractor upon the satisfactory completion of the contract by the Contractor.

  • Income Certification means a Tenant Income Certification and a Tenant Income Certification Questionnaire in the form attached as Exhibit B hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Certification Date means with respect to Securities of any series (i), if Bearer Securities of such series are not to be initially represented by a temporary global Security, the date of delivery of the definitive Bearer Security and (ii), if Bearer Securities of such series are initially represented by a temporary global Security, the earlier of (A) the Exchange Date with respect to Securities of such series and (B), if the first Interest Payment Date with respect to Securities of such series is prior to such Exchange Date, such Interest Payment Date.

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Performance Report has the meaning set out in clause 8.2;

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Tax Clearance Certificate means a tax clearance certificate issued by the South African Revenue Services (SARS) confirming that the natural or juristic person is a registered tax payer.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 8.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of Holdings that such financial statements fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Certification period means the period for which an individual is certified eligible for a program.

  • Payment Date Statement means a report prepared by the Administrator setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Offering Memorandum, which will be in such form as is required under the Offering Memorandum and otherwise as agreed upon between the Administrator and the Indenture Trustee.

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).

  • Interim Certification As defined in Section 2.02.

  • Servicer Certification As defined in Section 3.22(b) hereof.

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Back-Up Certification As defined in Section 3.18(k).

  • Master Servicer Certification A written certification covering servicing of the Mortgage Loans by all Servicers and signed by an officer of the Master Servicer that complies with (i) the Xxxxxxxx-Xxxxx Act of 2002, as amended from time to time, and (ii) the February 21, 2003 Statement by the Staff of the Division of Corporation Finance of the Securities and Exchange Commission Regarding Compliance by Asset-Backed Issuers with Exchange Act Rules 13a-14 and 15d-14, as in effect from time to time; provided that if, after the Closing Date (a) the Xxxxxxxx-Xxxxx Act of 2002 is amended, (b) the Statement referred to in clause (ii) is modified or superceded by any subsequent statement, rule or regulation of the Securities and Exchange Commission or any statement of a division thereof, or (c) any future releases, rules and regulations are published by the Securities and Exchange Commission from time to time pursuant to the Xxxxxxxx-Xxxxx Act of 2002, which in any such case affects the form or substance of the required certification and results in the required certification being, in the reasonable judgment of the Master Servicer, materially more onerous than the form of the required certification as of the Closing Date, the Master Servicer Certification shall be as agreed to by the Master Servicer, the Depositor and the Seller following a negotiation in good faith to determine how to comply with any such new requirements.