Performance Vesting Condition definition

Performance Vesting Condition means any condition established by the Board, from time to time, which may include conditions based on the Participant’s personal performance and the financial performance of the Corporation, and that is to be used to determine the vesting of the Options.

Performance Vesting Condition means, for any vesting year during the four (4) year vesting period, that the Administrator has not determined that all or any part of the unvested Award be cancelled as a result of either (i) a significant, negative risk outcome as a result of a corporate or individual action, or (ii) TFC incurring an operating loss for the fiscal year ending in the vesting year. The term “fiscal year” means the calendar fiscal year of TFC. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Performance Vesting Condition means the achievement of the Debt Ratio as determined under this Term Sheet, at levels at or above “Threshold” level performance.

Examples of Performance Vesting Condition in a sentence

• Unless otherwise provided in the Term Sheet or these Terms and Conditions, so long as the Employee continues to be employed by the Company or its Affiliates, the Performance Stock Units shall vest on the date upon which both the Service Vesting Condition and the Performance Vesting Condition have been achieved (such date, the “PSU Vesting Date”).

• Performance Rights• 225,568 Performance Rights with an Indexed Total Shareholder Return Performance Vesting Condition, subject to a Measurement Period from the date of Listing of the Company on the ASX 30 June 2024, expiring on 24 December 2036.Number disposedN/AValue/ConsiderationNote: If consideration is non-cash, provide details and estimated valuationIssued as consideration for acquisitions as set out in the Prospectus at a value of $3.55 per ordinary share.

• Each Tranche shall satisfy the Performance Vesting Condition if and when during the Performance Period the Company’s Market Capitalization equals or exceeds the applicable Market Capitalization Goal, subject to Participant’s remaining a Service Provider with the Company through such time, and subject further to the Administrator’s determination, approval and certification that the applicable Market Capitalization Goal for such Tranche has been satisfied (a “ Certification”).

• Certifications and affiliation Provide pertinent certifications and affiliations with related professional organizations for the meteorologists and other staff who will be assigned to the project.

• Upon the Optionee’s death or Permanent Disability prior to a Change in Control while the Option remains outstanding, the Option shall become immediately fully vested and exercisable with respect to 100% of the Shares subject thereto, without regard to whether either the Service Vesting Condition or Performance Vesting Condition has been satisfied at the time of such termination of Employment.

More Definitions of Performance Vesting Condition

Performance Vesting Condition means the achievement of a Relative TSR Percentile of at least the 25th percentile.

Performance Vesting Condition means, for any vesting year during the three (3) year vesting period, that the Administrator has not determined that all or any part of the unvested Award be cancelled as a result of either (i) a significant, negative risk outcome resulting from the Participant’s action that triggers a retrospective review by management, or (ii) the Participant’s Line of Business incurring an operating loss for the fiscal year ending in the vesting year. As used herein, “Line of Business” means a profit center or business unit of BB&T or an Affiliate to which the Participant is assigned as an Employee, or in the absence of such an assignment, subsection (ii) of the definition of Performance Vesting Condition shall be inapplicable. The term “fiscal year” means the calendar fiscal year of BB&T. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The Administrator (or its designee as provided in the Plan) has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Performance Vesting Condition shall be satisfied based on the achievement of the performance goals set forth on Schedule 1 hereto, during the performance period set forth therein, as determined by the Board in its sole discretion. 3)

Performance Vesting Condition means the achievement of an amount of Adjusted Operating Income for Fiscal Year [ ], as determined under this Term Sheet, equal to or in excess of [ ] of the Operating Income Target Amount.

Performance Vesting Condition means, for any vesting year during the three (3) year vesting period, that the Administrator has not determined that all or any part of the unvested Option be cancelled as a result of either (i) a significant, negative risk outcome as a result of a corporate or individual action, or (ii) BB&T incurring an operating loss for the fiscal year ending in the vesting year. The term “fiscal year” means the calendar fiscal year of BB&T. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The Administrator shall have the sole authority to determine whether and to what degree the Option has vested pursuant to the provisions of this Section 3(b)(i), and to interpret the terms and conditions of this Agreement and the Plan.

Performance Vesting Condition means any condition established by the Board, from time to time, which may include conditions based on the Participant’s personal performance and the financial performance of Enerkem, and that are to be used to determine the vesting of the Stock Award or the Performance Cash Award;

Performance Vesting Condition means the achievement of Adjusted OperatingIncome for a Fiscal Year as determined under this Term Sheet, at levels at or above “Threshold” level performance for such Fiscal Year.