Performance Grid definition

Performance Grid shall be the performance chart established by the Committee at a meeting to be held no later than March 1, 2009, which shall plot the different payout percentage levels at various EPS Targets achieved; provided, however, that if for any reason the Committee shall determine that the Performance Grid is no longer a practicable or appropriate measure of financial performance, the Committee may take action to substitute another financial measure as it deems appropriate under the circumstances.
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Performance Grid shall be the performance grid established by the Committee at a meeting to be held within the 90-day period beginning January 1st of the Performance Year, which shall plot the different payout percentage levels at various EPS Targets achieved.
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Examples of Performance Grid in a sentence

  • Subject to the Committee’s exercise of Negative Discretion, the award to you pursuant to this Agreement shall be based upon the Company’s EPS for the Performance Year and the payment amounts specified in the Performance Grid (up to a maximum of 200% of the Target Award); provided, however, that, subject to the exercise of Negative Discretion, you shall earn 25% of the Target Award if the Company has positive Consolidated Earnings for the Performance Year.

  • The Committee shall establish the EPS Target for the Performance Year and the corresponding Performance Grid within the 90-day period beginning on January 1st of the Performance Year.

  • Subject to your applicable Deferral Election or Re-Deferral Election, as the case may be, the percentage of Units corresponding to (i) the EPS Target achieved, if any, as set forth on the Performance Grid, and (ii) as modified by the TSR Modifier shall be converted, as of the Conversion Date, into Common Stock (up to a maximum of 200% of the Target Award), and all rights with respect to the remaining portion of such Target Award shall be forfeited and surrendered to the Company.

  • The percentage of Units corresponding to (i) the EPS Target achieved, if any, as set forth on the Performance Grid, and (ii) as modified by the TSR Modifier shall be converted, as of the Conversion Date, into Common Stock (up to a maximum of 200% of the Target Award), and all rights with respect to the remaining portion of such Target Award shall be forfeited and surrendered to the Company.

  • Upon the occurrence of a Change in Control during the Participant’s employment by the Company, the Performance Cycle for the Incentive Award shall lapse and the performance goals set forth in Section 3 and the Performance Grid shall be deemed to have been met at the [Target Incentive Award] amount, and the Incentive Award shall be immediately vested and payable in a prorated amount equal to the portion of the Performance Cycle elapsed through the date of the Change in Control.

  • Fifty percent (50%) of the Annual Bonus will be earned based on the Company’s Financial Performance Grid, as established by the Company for each year.

  • The number of Performance RSUs earned in respect of Performance Period 2 will be equal to the number of Performance RSUs earned according to the Performance Grid, minus any gross Performance RSUs earned in respect of Performance Period 1 (including any Performance RSUs subject to an additional year of time-based vesting).

  • The amount of CIR Award earned will be determined after the conclusion of the Performance Cycle by the Compensation Committee of the Board of Directors (the “Committee”), in its sole discretion, based on the performance of the Corporation, calculated using the Performance Grid.

  • As of the Conversion Date, the following shall apply: (i) the percentage of Units corresponding to (A) the EPS Target achieved, if any, as set forth on the Performance Grid, and (B) as modified by the TSR Modifier shall be cancelled, (ii) in exchange for such cancelled Units, subject to Paragraphs 4 and 5, 6 or 7, the number of shares of Restricted Stock equal to the number of Units so cancelled shall be issued in your name.

  • The “Truncated CIR Award Amount” is the amount, if any determined by multiplying the Target CIR Award set forth in Section 1(b) above by the applicable Multiple determined by reference to the Performance Grid and based on the Compound Annual Growth Rate of EPS achieved during the Performance Cycle through the end of the fiscal year which coincides with or immediately precedes the date on which termination of employment occurs.