Specific Performance Goals definition

Specific Performance Goals means the number of the Vested Shares shall be equal to the number of the Adjusted Shares.
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Specific Performance Goals. The Specific Performance Goals are set forth on Exhibit A. 1 For example, if the Vesting Start Date is determined by the Committee to be February 15, 2019, then 1 then 1/4 of the Adjusted Shares, if any (based on the Specific Performance Goals), will vest on each of (i) February 15, 2019, (ii) February 18, 2020 (because February 15, 2020 falls on a Saturday and Monday February 17, 2020 is a federal holiday, President’s day, the immediately following business day is February 18, 2020), (iii) February 16, 2021 (because Monday February 17, 2021 is a federal holiday, President’s day, the immediately following business day is February 16, 2021) and (iv) February 15, 2022, and the Vesting Period will be from February 15, 2019 to February 15, 2022. 2 See footnote 2, supra.
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Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Adjusted Shares Group I and (2) the number of the Adjusted Shares Group II; calculated as follows: ( ( (A) the number of the Target PSU Shares / 2) x the Revenue CAGR Multiplier ) + ( ( (A) the number of the Target PSU Shares / 2) x the Revenue ROIC Multiplier ); provided, however, that in case of a Sale Event during the Measurement Period, as determined by the Committee in its absolute discretion and to the extent as permitted under Code section 409A (without causing the PSUs to fail to be exempt from or comply with 409A), the Specific Performance Goals hereunder, including the Revenue CAGR Multiplier and/or the ROIC Multiplier, may be replaced by any of the Performance Goals defined under the Plan, after being adjusted for the accounting fair value of the Specific Performance Goals hereunder as of the Sale Event.6
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Examples of Specific Performance Goals in a sentence

  • The Specific Performance Goals for the Performance Period are described in Exhibit A.

  • The Specific Performance Goals for the Performance Period shall relate to the following equally weighted performance measures: (i) revenue growth and (ii) return on invested capital (ROIC).

  • The parties agree on the following terms for the Specific Performance Goals: • “Specific Performance Goals” means the number of the Vested Shares shall be equal to the number of the Adjusted Shares.

  • For example, if a Sale Event takes place in June 2017, resulting in no new entity, and the Company ceases to exist, and if the Committee approves the goal replacement, the fiscal year 2017 will still be subject to the Specific Performance Goals hereunder while the fiscal years 2018 and 2019 will be subject to the aforementioned Performance Goals of the acquiring or surviving entity.

  • In the event a new entity results from the Sale Event and all stockholders of the Company immediately prior to the Sale Event become stockholders of the new entity, the Specific Performance Goals hereunder shall continue to apply to the PSUs, assumed, continued or substituted upon the Sale Event as if the new entity is the Company.

  • Without prejudicing any of the foregoing, including the Committee’s absolute discretion under Section (B) above, the parties agree on the following representative (and non-exhaustive) example for the Specific Performance Goals: If the number of the PRSU Shares, as stated on the Recipient’s Acceptance Page, is 100 shares of Common Stock, then the number of the Targeted PRSU Shares is 100 shares.


More Definitions of Specific Performance Goals

Specific Performance Goals. The Performance Goals are set forth on Exhibit A. This PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between ▇▇▇▇▇▇▇ Manufacturing Co., Inc., a Delaware corporation (the “Company”), and the Recipient named on the Acceptance Page, with reference to the following facts: Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated ▇▇▇▇▇▇▇ Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended from time to time, the “Plan”). The Board has delegated to the Committee all authority to administer the Plan. 1 121.8% of the total targeted 2017 PSUs. 2 For example, if the Award Date is determined by the Committee to be March 1, 2017 and the Vesting Date is determined by the Committee to be February 15, 2020, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 18, 2020 and the Vesting Period should be from March 1, 2017 to February 18, 2020 (because February 15, 2020 falls on a Saturday and February 17, 2020 is a federal holiday, President’s day, the immediately following business day is February 18, 2020).
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Specific Performance Goals. The Specific Performance Goals are set forth on Exhibit A. This PERFORMANCE & TIME BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between ▇▇▇▇▇▇▇ Manufacturing 1 100% of the Targeted PRSU Shares. 2 For example, if the Vesting Start Date is determined by the Committee to be February 15, 2018, then 1/4 of the PRSU Shares, if any (based on the Specific Performance Goals), will vest on each of February 15, 2018, February 15, 2019, February 18, 2020 (because February 15, 2020 falls on a Saturday and February 17, 2020 is a federal holiday, the President’s day, the immediately following business day is February 18, 2020) and February 15, 2021, and the Vesting Period should be from February 15, 2018 to February 15, 2021. 3 See footnote 2, supra.
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Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Adjusted Shares I and (2) the number of the Adjusted Shares II.  “Targeted PRSU Shares” means 100% of the PRSU Shares.
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Specific Performance Goals. For any given performance period, if both the required TMR Goal and Stated Goal is achieved, PSUs for such year (25% of PSUs per year) will be earned. Additionally, any PSUs from prior years where the Stated Goal was achieved will be deemed earned. The TMR Goal and Stated Goal that must be achieved for each performance period is outlined in the chart below: Performance Period (1)Year 1 (11/1/2021 – 12/31/2022)Year 2 (01/01/23– 12/31/2023)Year 3 (01/01/2024 – 12/31/2024)Year 4 (01/01/25 – 12/31/2025) TMR Goal$728,000,000$815,360,000$913,203,200$1,022,787,584 Stated GoalComplete exchange of 7% Notes and Refinance of 10% NotesAchieve an MSCI ESG Rating of B or higherAddress secured mortgage loans through purchase, sale, conveyance, refinance, restructure or extension, based on a schedule of debt maturities approved by the Committee.Execute extension option or refinance the term loan (1) Performance Periods are exclusive of the TMR Year 4 Grace Period and the Stated Goal Grace Period applicable to each year. Stated Goal Lookback At the end of the full four-year performance period, if all four Stated Goals are achieved within each respective Stated Goals Performance Period (including any applicable Grace Period), 50% of all remaining PSUs will be deemed earned provided the employment of the Participating Officer has not been terminated before the end of the full four-year performance period. Under the Stated Goal Lookback, the TMR Goals are not required to be met for the PSUs to be earned.
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Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Further Adjusted Shares I and (2) the number of the Further Adjusted Shares II; calculated as follows: ( ( (A) the number of the Targeted Shares x (B) the Fair Value Multiplier / 2) x the Revenue CAGR Multiplier ) + ( ( (A) the number of the Targeted Shares x (B) the Fair Value Multiplier / 2) x the Revenue ROIC Multiplier ); provided, however, that in case of a Sale Event during the Vesting Period, as determined by the Committee in its absolute discretion and to the extent as permitted under Code section 162(m) (without causing the PSUs to fail to meet the requirements of “qualified performance-based compensation” thereunder) and under Code section 409A (without causing the PSUs to fail to be exempt from or comply with 409A), the Specific Performance Goals hereunder, including the Revenue CAGR Multiplier and/or the ROIC Multiplier, may be replaced by any of the Performance Goals defined under the Plan, after being adjusted for the accounting fair value of the Specific Performance Goals hereunder as of the Sale Event.7 “Targeted Shares” means the PSU Shares as divided by 121.8%.
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Related to Specific Performance Goals

  • Specific goals means specific goals as contemplated in section 2(1)(d) of the PPPFA which may include contracting with persons, or group of persons, historically disadvantaged by unfair discrimination on the basis of race, gender and disability including the implementation of programmes of the Reconstruction and Development Programme as published in Government Gazette No. 16085 dated 23 November 1994.

  • 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 items that are “unusual” in nature or occur “infrequently” 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; and (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles. 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 Award Agreement or the written terms of a Performance Cash Award.

  • Performance Objectives means the measurable 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 14(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 Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • 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.