Threshold Goals definition
Examples of Threshold Goals in a sentence
If the Company achieves threshold performance goals, as determined by the Compensation Committee on a calendar year basis after consulting with Executive, such Annual Incentive Bonus shall be twenty five percent (25%) of the Executive's Annual Base Salary (the "Threshold Goals").
The Company shall pay Executive all Annual Incentive Bonus amounts that are payable with respect to a calendar year in a single lump-sum cash payment as soon as practicable after the Company can determine whether and the degree to which Maximum Goals, Target Goals or Threshold Goals have been achieved after the end of such calendar year.
If the Company does not achieve such Threshold Goals, Executive shall not receive an Annual Incentive Bonus for such year.
If the Company achieves a level which falls between the Threshold Goals and the Target Goals or between the Target Goals and the Maximum Goals, lineal interpolation shall be used to determine the percentage of Executive's Annual Incentive Bonus received by Executive for such year.
By: Name: [______________] Title: [______________] WELLTOWER OP LLC By: Name: [______________] Title: [______________] EMPLOYEE Name: [Name] In order for any portion of the Award to become earned under the Plan and this Agreement, both of the Threshold Goals must be achieved or exceeded for the Performance Period.
In the event that both of the Threshold Goals are achieved or exceeded for the Performance Period, then the number of Earned Award LTIP Units shall be determined based on the achievement of Relative Performance in accordance with the table immediately below.