Performance Cycle definition

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.

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 or Deferred Stock Award.

Performance Cycle means the time period specified by the Committee at the time Performance Awards are granted during which the performance of the Company, a Subsidiary or a Division will be measured.

Examples of Performance Cycle in a sentence

• The Committee will approve in writing by June 30 of the first year of the Performance Cycle (unless the Committee determines otherwise) the specific individuals eligible to participate in the Program (the “Participants”), each Participant’s Award (denominated as described below), the Target Earnings Per Share (as defined below), the Threshold Earnings Per Share (as defined below), the Payout Scale (as defined below), and any other performance measures that will apply during the Performance Cycle.

• A Performance Cycle may overlap with any other Performance Cycle under the Program.

• To the extent earned, the Performance Share Units will vest as of the date the Committee determines and certifies in writing whether and to what extent the applicable performance criteria have been achieved and the resulting payout (the “Settlement Date”), which will occur as soon as administratively practicable following the end of the Performance Cycle.

• The Performance Share Units will settle into Ordinary Shares during the calendar year immediately following the end of the Performance Cycle.

• Participants approved by the Committee will be eligible to participate in the full Performance Cycle, retroactive to the first day of the Performance Cycle.

More Definitions of Performance Cycle

Performance Cycle or "Cycle" means the period of time selected by the Committee during which performance is measured for the purpose of determining the extent to which an award of Performance Shares has been earned.

Performance Cycle means the period selected by the Committee during which the performance of the Company or any subsidiary, affiliate or unit thereof or any individual is measured for the purpose of determining the extent to which an Award subject to Performance Goals has been earned.

Performance Cycle means the period of time as specified in an Agreement over which Performance Units are to be earned.

Performance Cycle means a designated performance period pursuant to the provisions of Section 10.3 of the Plan.

Performance Cycle means the period of time selected by the Administrator during which performance is measured for the purpose of determining the extent to which a Performance Award has been earned or vested.

Performance Cycle means the applicable performance cycle of the Performance Share Units as may be specified by the Board in the applicable Award Agreement;

Performance Cycle means the period selected by the Committee during which the performance of the Company, any Subsidiary, any Affiliate or any business unit thereof, or any individual is measured for the purpose of determining the extent to which a Performance Goal has been achieved.