Performance Measures definition
Examples of Performance Measures in a sentence
Upon your termination of employment by reason of death or Disability after the end of the Performance Cycle, a number of PSUs will vest based on the actual attainment of the Performance Measures in accordance with Sections 1 and 2 hereof and will be settled at the time provided under Section 3 hereof.
As soon as reasonably practicable after the close of the Performance Cycle, the Committee shall determine the level of attainment of each of the Performance Measures, and, based on such determination, the number of PSUs eligible for vesting under each of the rTSR Award and the ROIC Award and the total number of PSUs eligible for vesting under this Agreement shall be calculated.
In determining whether to apply negative discretion, the Committee may consider ROIC versus WACC results, the attainment of the combination of the above Performance Measures, its assessment of performance against key strategic peers, and other extraordinary circumstances to align pay-for-performance outcomes, if necessary.
The Award Agreement relating to a Performance Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions of this Plan, for the vesting of such Performance Award if the specified Performance Measures are satisfied or met during the specified Performance Period and for the forfeiture of such award if the specified Performance Measures are not satisfied or met during the specified Performance Period.
The number of shares of Common Stock subject to this Award shall be adjusted pursuant to the terms of this Award Agreement and the Plan and based on the level achievement of the Performance Measures (for all purposes of this Award Agreement, as defined in accordance with Exhibit A hereto and determined in accordance with criteria approved by the Board) during the Performance Period(s).