Performance Condition definition

Performance Condition means a condition related to performance which is specified by the Committee under Rule 4.1 (Terms of grant);

Performance Condition means a condition stated in the Award Statement for an Award or a Tranche of an Award which determines the extent to which that Award or Tranche will become capable of settlement.

Performance Condition means any condition to the vesting of an Award based on the performance of the Company (including one or more of its Subsidiaries), the performance of any branch, business unit of the Company (or of any Subsidiary), or the performance of an individual Participant (other than remaining employed by the Company or a Subsidiary), whether based on absolute or relative performance measures.

Examples of Performance Condition in a sentence

• Subject to the remainder of Rule 3 and Rules 6 and 7 and to the satisfaction of any Performance Condition attaching to an Award, the relevant Vesting Portion of an Award (provided it is not a Provisional Allocation) and any Dividend Shares (if applicable) shall Vest in accordance with Rule 4 on the Vesting Date.

• For any Tranche of the Options that has satisfied the Performance Condition and becomes earned, the Service Condition applicable to such Tranche shall be satisfied and such Tranche of Options shall become vested in equal annual installments on each of the first three anniversaries of the Performance Achievement Date for such Tranche, subject in each case to the Participant’s continuous employment with the Company through each such vesting date.

• Notwithstanding anything to the contrary herein, if the Transaction Price Per Share is less than the Price Hurdle applicable to any Tranche for which the Performance Condition remains unsatisfied as of the date of such Change in Control, such Tranche of Options shall be forfeited and canceled in their entirety without any payment to Participant.

• In the event of an equity restructuring, the Committee shall adjust any Performance Condition to the extent it is affected by such restructuring in order to preserve (without enlarging) the likelihood that such Performance Condition shall be satisfied.

• All determinations with respect to whether and the extent to which a Performance Condition has been achieved shall be made by the Committee in its sole discretion and the applicable Performance Conditions shall not be achieved and the applicable Performance Vesting RSUs shall not become Earned RSUs until the Committee certifies in writing the extent to which such Performance Conditions have been met.

More Definitions of Performance Condition

Performance Condition means a condition related to performance which is specified by the Committee under Rule 2.2;

Performance Condition means a performance condition established with respect to an Award in accordance with the provisions hereof.

Performance Condition means a condition (or conditions) related to performance which is specified by the Committee under Rule 3.2(e);

Performance Condition means a performance condition based on a Performance Goal established with respect to an Award in accordance with the provisions hereof.

Performance Condition means one or more conditions which must be satisfied orcircumstances which must exist before an Option vests, as determined by the Board;

Performance Condition means the attainment by SIG, for the period commencing on January 1, 2008 through and including the full calendar quarter most recently having been completed as of the Date of Termination, of aggregate Pre-Tax Operating Income in an amount representing a compound average annualized growth rate of at least ten percent (10%), as compared with the 2007 Pre-Tax Operating Income base amount of $118,561,257. For example, as to a Date of Termination occurring on May 1, 2009, the Performance Condition would relate to the period from January 1, 2008 through March 31, 2009, and would require that aggregate Pre-Tax Operating Income for such period be equal at least $133,677,817.

Performance Condition means the performance-based condition to vesting specified in the Notice. Except as specified in Section 4(d), the Performance Condition shall not be satisfied unless and until the Committee determines that such condition is satisfied on the Determination Date.