Underperformance definition

Underperformance means Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement.

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Underperformance means Executive’s failure to meet the performance expectations and standards customary for the chief executive officer position in a U.S. public company or as set forth in this Agreement.

Underperformance means, in relation to a Financial (Year, the amount by which Forecast Expenditure in respect of that Financial Year exceeds Actual Expenditure in respect of that Financial Year.

Examples of Underperformance in a sentence

• Upon the termination of Executive’s employment with the Company under this Section 14 prior to the expiration of the Initial Term (A) by the Company for reasons other than Cause or Underperformance, or (B) by Executive for Good Reason, the Company shall pay Executive a severance benefit equal to 50% of the annual base salary Executive would have received if Executive had remained in the employ of the Company through the end of the Initial Term, but no other Benefit.

• Such terms and conditions will include provisions for complete or partial payout of an LTIP award in the event of Executive’s death or separation from service due to disability, termination for Good Reason, termination for Underperformance, termination following a Change in Control (as defined in the LTIP), or (under certain circumstances) expiration of this Agreement without renewal.

• C5.5 An eligible employee is entitled (subject to there being no Underperformance or Discipline action undertaken in accordance with Section H – Workplace Values and Behaviours) to be paid an annual increment on and from the relevant anniversary of the date of commencement in the position for the employee concerned.

• Disciplinary action will be taken by in accordance with the Associations Underperformance and Misconduct Policy against any member employee found to have breached this policy.

• Underperformance will be dealt with having regard to the principles of fairness and natural justice and the right to representation.

• Underperformance is when a manager makes an assessment that an employee’s performance does not meet expectations.

• Further information is available in the Managing Underperformance Policy.

• Underperformance procedure (clause 12) • To differentiate between conduct and performance a new clause 12 – Managing Unsatisfactory Performance has been agreed.

• For those Plans that experienced underperformance the second step will be for the Settlement Administrator to calculate the Individual Underperformance Amounts as the total dollar value amount by which each participant’s individual investment in JPM Stable Value Funds underperformed the Benchmark during the relevant time periods.

• Underperformance is defined as failure to meet revenue targets cumulatively on all tranches sourced to date.

More Definitions of Underperformance

Underperformance means that the Plant fails to reach the Guaranteed Performance.

Underperformance means the following:

Underperformance means Employee’s failure to meet some or all of the Port Commission’s job performance expectations for Employee. The Chairman and Employee shall meet at least once a year in order for the Chairman to provide Employee with a formal evaluation of Employee’s job performance. If Employee has failed to meet some or all of the Port Commission’s job performance expectations, the Chairman may give Employee written notice describing the elements of such Underperformance (an “Underperformance Notice”). If the Chairman gives Employee an Underperformance Notice, the Port Commission shall reevaluate Employee’s job performance ninety (90) days later and the Chairman will advise Employee in writing whether any of the elements listed in the Underperformance Notice remain uncured. A Super Majority of the Port Commission shall have the right to terminate the Term of Employment for Underperformance by Employee if all of the Underperformance elements described in an Underperformance Notice are not cured within ninety (90) days after Employee’s receipt of such Underperformance Notice. Termination of Employee’s employment for Underperformance shall be communicated to Employee by written notice from the Chairman and shall be effective immediately upon delivery of such notice to Employee.

Underperformance means the state in which the SRC member is unable to carry out his or her duties as outlined in the SRC Constitution or where an SRC member fails to achieve the required output or performance required from him or her.

Underperformance means a shortfall of the Group’s consolidated Adjusted EBITDA projection included in an Annual Budget and/or a Business Plan, as applicable, (i) of fifteen percent (15%) or more, taking into consideration the combined results of the two (2) preceding consecutive years; or (ii) of thirty percent (30%) or more, in one (1) preceding single year. For the purposes of the performance assessment, the Underperformance shall not include any currency changes (and constant currencies will be assumed for this underperformance analysis) and “Underperformed” shall have a corresponding meaning.