Achievement of Performance Measures Sample Clauses

Achievement of Performance Measures. The number of Earned PSUs to be earned under this Agreement shall be based upon the achievement of the following Performance Period performance measures set by the Committee, and measured with respect to the Measurement Period as of December 31, [YEAR]: [PERFORMANCE MEASURES AND DETERMINATION OF ACHIEVEMENT] At the end of the Measurement Period, the number of Earned PSUs shall be determined but shall be subject to a forfeiture restriction until December 31, [YEAR], subject to the terms of this Agreement. During such time as the Earned PSUs remain subject to the forfeiture restriction, they are referred to in this Agreement as Restricted Stock Units (“RSUs”).
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Achievement of Performance Measures and Payout of Performance Units
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Achievement of Performance Measures. The number of Awarded Shares to be earned under this Agreement shall be based upon the achievement of the following Performance Measures set by the Committee: The weighted percentage of achievement of (a) the average percentage of attainment of Revenue (calculated as net Revenue as reported under GAAP) (“Revenue”) over the Performance Period and (b) the average percentage of achievement of Diluted Earnings Per Share from continuing operations (calculated on a GAAP basis) (“Diluted EPS”) over the Performance Period. The achievement shall be determined in accordance with the following schedules, with ultimate payout of Awarded Shares to be weighted 30% as to the Revenue Performance Measure and 70% as to the Diluted EPS Performance Measure: Revenue (30% Weight) Fiscal Year Target Revenue ($M) [YEAR 1] $ [YEAR 2] [YEAR 3] Performance Level 3-Year Average Revenue as % of Target Payout as % of Target Maximum ≥[1__]% 200% [1__]% 180% [1__]% 160% [1__]% 140% [1__]% 120% Target 100% 100% [__]% 82% [__]% 64% [__]% 46% [__]% 28% Threshold [__]% 10% <[__]% 0% Diluted EPS (70% Weight) Fiscal Year Target Diluted EPS [YEAR 1] $ [YEAR 2] [YEAR 3] Performance Level 3-Year Average Diluted EPS as a % of Target Payout as a % of Target Maximum [1__]% or > 200% [1__]% 180% [1__]% 160% [1__]% 140% [1__]% 120% Target 100% 100% [__]% 82% [__]% 64% [__]% 46% [__]% 28% Threshold [__]% 10% <[__]% 0% The number of Awarded Shares earned for achievement above threshold levels but between the levels shown above will be calculated using interpolation. In evaluating the achievement of each measure as of the end of each fiscal year in the performance period, the Committee will adjust the calculation of the Attainment Level to exclude restructuring or reorganization costs (as defined in accordance with U.S. GAAP) incurred in any fiscal year in the performance period to the extent that related savings from the program will occur in a future fiscal year, and will include these costs in the period in which, and to the extent that, cost savings are anticipated during the performance period.
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Achievement of Performance Measures. The number of Awarded Shares to be earned under this Agreement shall be based upon the achievement of the following Performance Measures set by the Committee: (a) [Peformance Measure 1] and (b) [Performance Measure 2], in accordance with the following matrix: The number of Awarded Shares earned for achievement between the levels shown in the matrix will be calculated using interpolation.
Sample 1
Achievement of Performance Measures. The number of Earned PSUs to be earned under this Agreement shall be based upon the achievement of the following Performance Period performance measures set by the Committee, and measured with respect to the Measurement Period as of December 31, [YEAR]: [PERFORMANCE MEASURES AND DETERMINATION OF ACHIEVEMENT]
Sample 1
Achievement of Performance Measures. The number of Awarded Shares to be earned under this Agreement shall be based upon the achievement of the following Performance Measures set by the Committee: (a) Return on Net Capital Utilized (“RONCU”) and (b) Earnings Per Share from Continuing Operations (“EPS_CO”), in accordance with the following matrix: EPS-CO RONCU $2.00 $2.56 $3.12 or Above 30% or Above 100 % 150 % 200 % 25% 50 % 100 % 150 % 20% 0 % 50 % 100 % The number of Awarded Shares earned for achievement above 50% but between the levels shown in the matrix will be calculated using interpolation.
Sample 1
Achievement of Performance Measures. The number of Earned PSUs to be earned under this Agreement shall be based upon the achievement of the following Performance Measures set by the Committee: The number of Earned PSUs earned for achievement above threshold levels but between the levels shown above will be calculated using interpolation. In evaluating the achievement of each measure as of the end of the Measurement Period, the Committee will adjust the calculation of the Attainment Level to exclude restructuring or reorganization costs (as defined in accordance with U.S. GAAP) incurred in any fiscal year in the Measurement Period to the extent that related savings from the program will occur in a future fiscal year, and will include these costs in the future measurement period in which, and to the extent that, cost savings are anticipated during such Measurement Period. At the end of the Measurement Period, the number of Earned PSUs shall be determined but shall be subject to a forfeiture restriction until December 31, 2011, subject to the terms of this Agreement. During such time as the Earned PSUs remain subject to the forfeiture restriction, they are referred to in this Agreement as Restricted Stock Units (“RSUs”).
Sample 1
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Achievement of Performance Measures. The number of Performance Shares to be earned under this Award Agreement shall be based upon the Company's cumulative earnings per share for Fiscal Years 2004, 2005 and 2006 and compound annual revenue growth for Fiscal Years 2004, 2005 and 2006. For this purpose, earnings per share shall be calculated based on annual net earnings divided by the average annual number of diluted Shares outstanding. Revenue shall represent the net sales as reported, and the compound annual revenue growth rate percentage shall be calculated based on the geometric average growth rate in revenue for Fiscal Years 2004, 2005 and 2006. The percent of Target Number of Performance Shares earned shall then be determined based on the following chart: PAYOFF PROFILE - 2004 GRANT (% OF TARGET PAID OUT) Compound Annual Sales Growth Rate > 9% 7-9% 4-7% < 4% 0% 0% 0% 0% 125% 75% 50% 50% 150% 100% 75% 75% 175% 150% 125% 100% 200% 175% 150% 125% EPS <$10.25 $10.60 $11.25 $11.65 $11.95 Interpolation shall be used to determine the percent of the Award earned in the event the Company's EPS measure and revenue growth measure do not fall directly on one of the ranks listed in the above chart. However, no payoff is earned unless the minimum EPS of $10.25 is achieved.
Sample 1

Related to Achievement of Performance Measures

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

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

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Goals A. WHAT ARE YOUR MBE/WBE/DVBE PARTICIPATION GOALS? MINORITY BUSINESS ENTERPRISES (MBEs) WOMAN BUSINESS ENTERPRISES (WBEs) DISABLED VETERAN BUSINESS ENTERPRISES (DVBEs)

  • Performance Objectives Subject to the terms of this Agreement, the Participant’s interest in the Stock Award shall vest and become transferable in accordance with paragraphs 3, 4 and 5 and Exhibit I based on the Company’s Compounded Annual Growth Rate TSR for the applicable measurement period relative to the Compounded Annual Growth Rate TSR for the applicable measurement period for the companies (other than the Company) listed in the NAREIT Hotel Index.

  • Performance Goal (a) Subject to the following sentence, the Performance Goal is set out in Appendix A hereto, which Appendix A is incorporated by reference herein and made a part hereof. Notwithstanding the foregoing, the provisions of Section 13 or any other provision of this Agreement to the contrary, the Committee reserves the right to unilaterally change or otherwise modify the Performance Goal in any manner whatsoever (including substituting a new Performance Goal), but only to the extent that the Committee has first determined that the exercise of such discretion would not cause the Performance Share Units to fail to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Committee exercises such discretionary authority to any extent, the Committee shall provide the Grantee with a new Appendix A in substitution for the Appendix A attached hereto, and such new Appendix A and the Performance Goal set out therein (rather than the Appendix A attached hereto and the Performance Goal set out therein) shall in all events apply for all purposes of this Agreement.

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