Performance Weighting Fraction definition

Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before any Dividend Adjustment or tax withholding) with respect to each Performance Share. The following weight has been assigned to the performance factor: EPS CAGR 100%
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Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before any Dividend Adjustment or tax withholding) with respect to each Performance Share. The following weight has been assigned to each performance factor: EPS Net Charge Off Growth Ratio 50% 50% Performance Share Award Agreement — Internal Measures (Form of 2010 Agreement) Calculation of Performance For each Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction for each Performance Factor, resulting in the Company’s Weighted Average Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: Percent of Performance 2011 GAAP Net Charge Off Incentive Range EPS Ratio Earned MAXIMUM $ 0.48 0.950 % 200 % 0.47 0.958 % 192 % 0.46 0.965 % 185 % 0.45 0.973 % 177 % 0.44 0.981 % 169 % 0.43 0.988 % 162 % 0.42 0.996 % 154 % 0.41 1.004 % 146 % 0.40 1.012 % 138 % 0.39 1.019 % 131 % 0.38 1.027 % 123 % 0.37 1.035 % 115 % 0.36 1.042 % 108 % TARGET $ 0.35 1.050 % 100 % 0.34 1.065 % 94 % 0.33 1.081 % 88 % 0.32 1.096 % 83 % 0.31 1.112 % 77 % 0.30 1.127 % 71 % 0.29 1.142 % 65 % 0.28 1.158 % 60 % 0.27 1.173 % 54 % 0.26 1.188 % 48 % 0.25 1.204 % 42 % 0.24 1.219 % 37 % 0.23 1.235 % 31 % MINIMUM $ 0.22 1.250 % 25 % The results for a given Performance Factor will be reduced to the next lowest level, if the final financial result does not equal one of the levels listed in the above schedule. Performance Share Award Agreement — Internal Measures (Form of 2010 Agreement)
Sample 1
Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before any Dividend Adjustment or tax withholding) with respect to each Performance Share. The following weight has been assigned to the performance factor: EPS CAGR 100% Calculation of Performance For the Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company’s Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: PERFORMANCE BASED RESTRICTED STOCK UNITS Peformance Period - 2012 to 2014 Performance Range Schedule September 30, September 30, September 30, BaseLine = > $ 0.76 Performance Weight = > 100 % Performance Range EPS - Fully Diluted (3yr CAGR) Percentage of Target Percent of Incentive Earned MAXIMUM 10.00 % 166.7 % 200 % 9.73 % 162.2 % 193 % 9.47 % 157.8 % 187 % 9.20 % 153.3 % 180 % 8.93 % 148.9 % 173 % 8.67 % 144.5 % 167 % 8.40 % 140.0 % 160 % 8.13 % 135.6 % 153 % 7.87 % 131.1 % 147 % 7.60 % 126.7 % 140 % 7.33 % 122.2 % 133 % 7.07 % 117.8 % 127 % 6.80 % 113.3 % 120 % 6.53 % 108.9 % 113 % 6.27 % 104.4 % 107 % TARGET 6.00 % 100.0 % 100 % 5.87 % 97.8 % 95 % 5.73 % 95.6 % 90 % 5.60 % 93.3 % 85 % 5.47 % 91.1 % 80 % 5.33 % 88.9 % 75 % 5.20 % 86.7 % 70 % 5.07 % 84.4 % 65 % 4.93 % 82.2 % 60 % 4.80 % 80.0 % 55 % 4.67 % 77.8 % 50 % 4.53 % 75.6 % 45 % 4.40 % 73.3 % 40 % 4.27 % 71.1 % 35 % 4.13 % 68.9 % 30 % MINIMUM 4.00 % 66.7 % 25 % The results for the Performance Factor will be reduced to the next lowest level, if the final financial result does not equal one of the levels listed in the above schedule.
Sample 1

Examples of Performance Weighting Fraction in a sentence

  • The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company’s Performance Level.

  • The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company's Performance Level.


More Definitions of Performance Weighting Fraction

Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before any Dividend Adjustment or tax withholding) with respect to each Performance Share. The following weight has been assigned to the performance factor: ROATCE 100% Calculation of Performance (Performance schedule in process of being finalized) For the Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company's Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels.
Sample 1
Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before tax withholding) with respect to each Performance Unit. The following weights have been assigned to the Performance Factors: Return on Average Assets 70% Non-Performing Assets to Total Assets Ratio 15% Net Charge-Offs to Average Total Loans 15% Calculation of Performance For each Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company’s Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Unit (before tax withholding) at various performance levels: PERFORMANCE BASED UNITS Performance Period - 2015 to 2017 Performance Range Schedule - ROA Performance Weight 70 % Performance Range ROA Percent of Incentive Earned SUPERIOR 0.98 % 150 % 0.93 % 125 % TARGET 0.88 % 100 % 0.86 % 80 % 0.84 % 60 % 0.82 % 40 % 0.80 % 20 % THRESHOLD 0.78 % 0 % Performance Range Schedule - NPAs Performance Weight 15 % Performance Range NPAs Percent of Incentive Earned SUPERIOR 0.50 % 150 % 0.75 % 125 % TARGET 1.00 % 100 % 1.10 % 80 % 1.20 % 60 % 1.30 % 40 % 1.40 % 20 % THRESHOLD 1.50 % 0 % 7 Performance Range Schedule - NCOs Performance Weight 15 % Performance Range NCOs Percent of Incentive Earned SUPERIOR 0.05 % 150 % 0.075 % 125 % TARGET 0.10 % 100 % 0.15 % 50 % THRESHOLD 0.20 % 0 % Example: The following example shows the Share Distribution on account of 2,000 Performance Units, based on an ending period ROA of 1.10%, NPAs of 1.15% and NCOs of 0.20%. ROA Actual Results 1.10 % Performance Level (a) 100 % Factor Weight (b) 70 % Shares Issued With Respect to the Performance Units (before Withholding) 1,400 NPA Actual Results 1.15 % Performance Level (a) 40 % Factor Weight (b) 15 % Shares Issued With Respect to the Performance Units (before Withholding) 120 NCO Actual Results 0.20 % Performance Level (a) 100 % Factor Weight (b) 15 % Shares Issued With Respect to the Performance Units (before Withholding) 300
Sample 1
Performance Weighting Fraction means the relative weighting assigned to the above-identified Performance Factor(s) in determining the number of Shares to be distributed (before any Dividend Equivalent Adjustment or tax withholding) with respect to the Achieved RTSR Performance Units. For purposes of this Award Agreement, the Performance Weighting Fraction is as follows: Total Shareholder Return 100% Calculation of RTSR Performance Factor TSR, expressed as a percentage increase or decrease between the Base Measurement Period and the Ending Measurement Period, shall be computed for (i) each member of the Comparator Group (not including the Company) and (ii) separately for the Company. The Company’s RTSR percentile rank will be determined by interpolating the Company’s TSR percentile ranking between that of the Comparator Group companies immediately above and below the Company in such TSR percentile TSR rankings, to determine the percentage, if any, of the Target RTSR Performance Units achieved and the resulting Unadjusted Share Distribution Amount. The table below shows the percentage of Shares issuable with respect to the Target RTSR Performance Units (before any Dividend Equivalent Adjustment or tax withholding) at selected performance levels, subject to the Participant’s satisfaction of the vesting requirements described in Section 5(a) of this Award Agreement: Percentile Rank vs. Comparator Group % of Target RTSR Performance Units Achieved and Resulting Unadjusted Share Distribution Amount (Subject to Vesting) Performance Level < 25% 0% Below Threshold 25% 50% Threshold/Minimum 50% 100% Target ≥90% 200% Maximum 8 Linear interpolation shall be applied between percentages shown in the first column of the table above to determine the resulting percentage of Target RTSR Performance Units achieved for the Performance Period and the resulting Unadjusted Share Distribution Amount (subject to satisfaction of applicable vesting requirements). For example, if the Company’s percentile rank compared to the Comparator Group were 70%, the number of Achieved RTSR Performance Units would equal 150% of the Target RTSR Performance Units.
Sample 1
Performance Weighting Fraction means the relative importance of each performance measure in evaluating performance and determining the number of Shares to be distributed (before any Dividend Adjustment or tax withholding) with respect to each Performance Share. The following weight has been assigned to the performance factor: ROATCE 100% Calculation of Performance For the Performance Factor, the performance level will be calculated by a third party agent (not owned or controlled by the Company) and determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company's Performance Level. In order for Shares to be issued with respect to each Performance Share, the Company’s ROATCE performance level for the Performance Period must equal or exceed 8.50%. If the Company’s ROATCE performance level for the Performance Period is greater than or equal to 8.50% but less than 17.61%, the Company’s ROATCE percentile rank in the Peer Group will be determined by interpolating the Company’s percentile ranking between the peers immediately above and below the Company, based on differences in ROATCE, to determine the percentage, if any, of the Shares earned under the Performance Share award. The Company is excluded from the Peer Group for purposes of the calculation. If the ROATCE performance level is for the Performance Period is greater than 17.61%, then Maximum Performance is achieved; and 150% of the Shares shall be issued with respect to each Performance Share. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels. The Company’s ROATCEPercentile Rank vs. Peer Group % of Shares Earned Performance Level 25% 25% Threshold 26% 26% 27% 27% 28% 28% 29% 29% 30% 30% 31% 32% 32% 34% 33% 36% 34% 38% 35% 40% 36% 43% 37% 46% 38% 49% 39% 52% 40% 55% 41% 59% 42% 63% 43% 67% 44% 71% 45% 75% 46% 80% 47% 85% 48% 90% 49% 95% 50% 100% Target 51% 102.8% 52% 105.6% 53% 108.3% 54% 111.1% 55% 113.9% 56% 116.7% 57% 118.9% 58% 121.1% 59% 123.3% 60% 125.6% 61% 127.8% 62% 130.0% 63% 131.7% 64% 133.3% 65% 135.0% 66% 136.7% 67% 138.3% 68% 140.0% 69% 141.1% 70% 142.2% 71% 143.3% 72% 144.4% 73% 145.6% 74% 146.7% 75% 147.2% 76% 147.8% 77% 148.3% 78% 148.9% 79% 149.4% 80% and above 150.0% Maximum
Sample 1

Related to Performance Weighting Fraction

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

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

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • 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 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.

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

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

  • Performance Factors means any of the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by the Committee with respect to applicable Awards have been satisfied:

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Multiplier means 1.0.

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

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

  • Performance Ratio (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured. PR= (Measured output in kW / Installed Plant capacity in kW * (1000 W/m2/Measured radiation intensity in W/m2).

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Weighting with respect to an Underlying means the weighting in relation to the relevant Underlying as specified in the table in the definition of such Underlying.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.