Threshold target definition

Threshold target is the goal whose achievement triggers employee entitlement to the minimum level of incentive payments. The threshold target will be the minimum expected achievement under any reasonably foreseeable conditions (i.e., below budget).
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Threshold target. Maximum: Year 15% of Base Salary 70% of Base Salary 180% of Base Salary ---- ------------------ ------------------- -------------------- 1998 CTGT earns 85,000 CTGT earns 92,500 options CTGT earns 100,000 options options based on based on milestones based on milestones milestones 1999 CTGT earns incentive CTGT earns 25,000 options CTGT earns 50,000 options management fee (Amaritel meets 100% of (Amaritel meets 115% of EBITDA objective) EBITDA objective) 2000 CTGT earns incentive CTGT earns 25,000 options CTGT earns 50,000 options management fee (Amaritel meets 100% of (Amaritel meets 115% of EBITDA objective) EBITDA objective) 2001 CTGT earns incentive CTGT earns 25,000 options CTGT earns 50,000 options management fee (Amaritel meets 100% of (Amaritel meets 115% of EBITDA objective) EBITDA objective) For 1998, the Executive shall be eligible to receive 5/6ths of the amounts he otherwise would receive under the CTC LTI program for 1998 based on the existing performance measures for the CTC 1996-1998 three year plan and his Base Salary as of June 30, 1998. The Executive also shall be eligible to receive 50% of the amount otherwise payable for 1998 under the CTGT LTI program based on the modified (Amaritel) performance measures set forth above and the total amount of Base Salary payments payable to the Executive with respect to the 1998 year (excluding any foreign service premium). For each year after 1998, the Executive shall be eligible only to receive amounts under the CTGT LTI program, which shall be in lieu of all amounts under the CTC LTI program (including all "runoff" amounts from prior years under the CTC LTI program), as determined using the modified (Amaritel) performance measures set forth above and the total amount of Base Salary payments payable to the Executive with respect to such year (excluding any foreign service premium).
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Examples of Threshold target in a sentence

  • Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Threshold, target and maximum corporate performance levels shall be established by the Bank Board from year to year based on budget, earnings growth, profitability, asset quality, qualitative risk measures and such other performance metrics as the Bank Board reasonably may determine and shall be outlined in the specific award opportunity.

  • Threshold, target and maximum performance levels for each performance measure for the performance period are outlined in Appendix B.

  • Threshold, target, superior and maximum corporate performance levels may be established by the Boards or the Compensation Committee for each performance period based on earnings growth, profitability, asset quality and/or other performance metrics as determined by the Boards or the Compensation Committee and shall be subject to the terms of the specific plan and award agreement (or other similar documentation).

  • Threshold, target and maximum performance levels have been set for each goal.

  • Threshold, target, and stretch goals will be established for each performance period and detailed in the table above.

  • Threshold, target and maximum levels apply to the determination of each fiscal year’s achievement, and a maximum level applies to the determination of the Overall Performance payout, in each case as described on Exhibit 1 hereto.

  • Threshold, target, and superior corporate performance levels shall be established by the Boards from year to year based on certain earnings growth, profitability, and asset quality metrics and shall be outlined in the specific award agreement or plan document.

  • Threshold, target, and stretch performance during the Performance Period are set forth in the chart below: Upon attainment of “threshold” performance for the Performance Period in either EPS or FCF, 25% of the Target Performance Units will vest, with 50% of such Target performance Units vesting upon attainment of “threshold” performance for both EPS and FCF.

  • Threshold, target and maximum corporate performance levels shall be established by the Board of Directors of the Corporation or the Bank Board, as applicable, from year to year based on budget, earnings growth, profitability, asset quality, qualitative risk measures and such other performance metrics as either such board reasonably may determine and shall be outlined in the specific award opportunity.

Related to Threshold target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in relation to each KPI;

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 82.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.