Threshold Objective definition

Threshold Objective means 80% achievement for each of the Financial Goals. By way of example, as there are two separate Financial Goals applicable to the Award, the Company must achieve financial performance at least equal to 80% of the target level for each such Financial Goal in order for
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Threshold Objective means 80% achievement for each of the Financial Goals. By way of example, as there are two separate Financial Goals applicable to the Award, the Company must achieve financial performance at least equal to 80% of the target level for each such Financial Goal in order for the Award to be payable. If the Company does not achieve the Threshold Objective, then the Award will be forfeited. All percentage calculations shall be made to the nearest one decimal point (i.e., 1/10th of one percent).
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Examples of Threshold Objective in a sentence

  • If the Company achieves in excess of the Threshold Objective (as defined in Exhibit A and as set forth in Exhibit B) for the Performance Period, then the RSUs will become earned and subject to vesting based on the extent to which the Target Objective (as defined in Exhibit A and as set forth in Exhibit B) has been achieved, provided you remain an Employee of the Company from the date hereof through the date on which the Committee completes the confirmation and certification process as described below.

  • If the Stock Price Threshold Objective is not achieved in the Roll-Over Fiscal Year, the portion of the Option applicable to the prior fiscal year shall terminate as of the last day of theRoll-Over Fiscal Year.

  • Except with respect to the 2016 fiscal year, in the event that the Stock Price Threshold Objective is not achieved in a particular fiscal year, the Executive shall be eligible to vest in the portion of the Option applicable to such fiscal year (i.e. 120,000 shares) if the Stock Price Threshold Objective is achieved in the immediately following fiscal year (the “Roll-Over Fiscal Year”) and the Executive remains actively and continuously employed through the last day of the Roll-Over Fiscal Year.

  • In addition, if the Company achieves less than the Threshold Objective for the Performance Period, then no RSUs shall be earned, and this RSU Award shall automatically be cancelled and forfeited for no value, effective as of the date of the Committee Certification.

  • Notwithstanding anything herein to the contrary, all unearned RSUs shall automatically be cancelled and forfeited for no value on the earlier to occur of (i) the date of Committee Certification, if the Threshold Objective is not met or (ii) the date that is 2½ months after the close of the calendar year in which the Participant’s termination occurs.

Related to Threshold Objective

  • Cost objective means a function, organizational subdivision, contract, grant, or other activity for which cost data are needed and for which costs are incurred.

  • Plan Objective means the objective of securing the return described in the brochure to which these Terms and Conditions are attached.

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

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • 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.