Preliminary Performance Goal definition

Preliminary Performance Goal means the pre-established performance goal established under the Plan by the Committee for those Participants who, as determined by the Committee, could be Covered Employees for each Performance Year in accordance with Section 4 and Section 6(b) of the Plan. Achievement of the Preliminary Performance Goal shall entitle a Covered Employee to a Qualified Performance-Based Award.
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Examples of Preliminary Performance Goal in a sentence

  • You will become vested in the Shares on the Vesting Date provided (i) the Preliminary Performance Goal is certified by the Committee as having been met and (ii) you do not have a Termination of Affiliation prior to the Vesting Date except as otherwise provided in paragraph 5 and paragraph 6 of this Performance Shares Award section, and subject to any other forfeiture of Shares under paragraph 10 of this Performance Shares Award section.

  • If the Preliminary Performance Goal for the Preliminary Performance Period is not certified by the Committee has having been satisfied, 0% of the Performance Shares will be earned and all Performance Shares will be forfeited.

  • If you have a Termination of Affiliation prior to the Vesting Date due to Retirement and assuming the Preliminary Performance Goal is certified by the Committee as having been satisfied, a portion of your Performance Shares will be forfeited and you will have no right to earn or receive payment of any Shares with respect to such forfeited portion.

  • If the number of Shares earned under the Secondary Performance Schedule described in paragraph 3(b) above is less than the number of Shares earned upon achievement of the Preliminary Performance Goal described above in paragraph 3(a), the number of earned Shares under this paragraph 3 will be reduced to that number earned under the Secondary Performance Schedule.

  • If the Preliminary Performance Goal is certified by the Committee as having been satisfied and you have a Termination of Affiliation prior to the Vesting Date due to a Change in Control or due to your death or Disability, then upon such Termination of Affiliation, you will be deemed to have earned a number of Shares determined under the Secondary Performance Schedule as if the Performance Goals were at Target.

  • If the Preliminary Performance Goal is certified by the Committee has having been satisfied, the number of Performance Shares earned is 200% of Target; provided, however, the number of Performance Shares earned may be reduced, but not increased, based on the level of performance under the secondary performance goal(s) and the Secondary Performance Schedule referred to below in (b).

  • If the Preliminary Performance Goal is not certified by the Committee as having been satisfied, 0% of the Performance Shares will be earned and all Performance Shares will be forfeited.

Related to Preliminary Performance Goal

  • 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.

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

  • 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.

  • 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:

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.