Performance Incident definition

Performance Incident means (a) any irregularity, error, problem or defect resulting from an incorrect functioning of the Licensed Application if such irregularity, error, problem or defect renders the Licensed Application incapable of meeting the material specifications contained in its Documentation or causes incorrect functions to occur, or (b) an incorrect or incomplete identification, statement or diagram in the Documentation that causes the Documentation to be inaccurate or incomplete in any material respect.
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Performance Incident has the meaning given to it in the Protocol;
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Performance Incident means a Relevant Delay Incident and/or an incident from which a Cancellation to a Passenger Service results and that, in each case, is recorded in the Performance System;
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Examples of Performance Incident in a sentence

  • Promptly upon becoming aware of a Performance Incident, Licensee must report it to Xxxxxx Xxx, provide supporting information as necessary to enable Xxxxxx Mae to confirm the Performance Incident and determine its root cause, and collaborate with Xxxxxx Xxx in the containment and any remediation of such Performance Incident.

  • Xxxxxx Xxx may remove from Xxxxxx Mae’s systems any material transmitted by Licensee that Xxxxxx Xxx determines is in violation of law or the Agreement or that Xxxxxx Mae determines may lead to a Performance Incident or Data Breach.

  • At a future date, to be determined, during the lifetime of the Regulated Arrangements, the TSOs will calculate the Performance Incident Response Factor (PE) based on the Providing Unit’s response to a Fault Disturbance.From the commencement of the Regulated Arrangements, Compliance Tests will be carried out from time to time.

  • A Performance Incident Response Factor (PE) value between 1 and 0 will be calculated on a monthly basis (where values less than 1 will result in reduced payment).

  • Xxxxxx Mae may remove from Xxxxxx Mae’s systems any material transmitted by Licensee that Xxxxxx Mae determines is in violation of law or the Agreement or that Xxxxxx Xxx determines may lead to a Performance Incident or Data Breach.

  • This section describes for each DS3 System Service, the method by which the performance of a Providing Unit will be measured and the method by which that assessment will be used to calculate the Performance Incident Scaling Factor (Qi) for each service which in turns feeds into the overall Performance Incident Response Factor.

  • Table 2 summarises the data sources used for assessment of Performance Incident Response Factor (PE).

  • This may change during the lifetime of the contracts.The calculation of the Availability Discount Factor (PA) is not applicable to DRR and will be set equal to 1 for the duration of the Regulated Arrangements.The Performance Incident Response Factor (PE) for DRR will be set equal to 1 from the commencement of the Regulated Arrangements.

  • This may change during the lifetime of the Regulated Arrangements.The calculation of the Availability Discount Factor (PA) is not applicable to FPFAPR and will be set equal to 1 for the duration of the Regulated Arrangements.The Performance Incident Response Factor (PE) for FPFAPR will be set equal to 1 from the commencement of the Regulated Arrangements.

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Related to Performance Incident

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles and (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume. “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted.