Annual Performance Targets Sample Clauses

Annual Performance Targets. (i) The Restricted Shares shall vest on the applicable Vesting Date on a year by year basis provided that the Annual Performance Targets (as hereinafter defined) for the calendar year ending on the last day of the Company's fiscal year immediately preceding such Vesting Date are met. The "Annual Performance Targets" shall mean the annual performance targets for each applicable calendar year as determined by the Executive Compensation and Option Committee of the Company's Board of Directors and communicated to the Recipient no later than the last day of the first calendar quarter of the applicable calendar year; and (ii) In the event that the Annual Performance Targets for any calendar year are not satisfied so that the Restricted Shares do not vest on the Vesting Date on which they were scheduled to vest had the Annual Performance Targets been met, such Restricted Shares that failed to vest on such Vesting Date shall vest on any subsequent Vesting Date provided that the Annual Performance Targets for a subsequent calendar year are met. If any Restricted Shares remain unvested as of January 1, 2008, Annual Performance Targets shall be set for the 2008 calendar year and if any Restricted Shares have not vested by January 1, 2009, Annual Performance Targets shall be set for the 2009 calendar year. The Vesting Date applicable to the 2008 calendar year is January 1, 2009 and for the 2009 calendar year is January 1, 2010. Any Restricted Shares that have not been earned and vested by January 1, 2010 shall automatically be canceled or forfeited."
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Annual Performance Targets. Each Performance Framework is set up to establish annual performance targets. To set the annual performance targets, the Authorizer shall set general annual performance targets for its authorized schools after consultation with those schools. The Parties shall then negotiate school-specific annual performance targets for each year this Contract is in effect. These annual performance targets may include additional rigorous, valid and reliable indicators to augment external evaluations of the School’s performance. The Performance Framework indicators and annual performance targets established for each year of the Charter term shall be included in the Essential Documents as Exhibit 6.1, 6.2, 6.3, 6.4 and 6.5 as each document is created for each year of the Contract. Performance Frameworks Academic Framework Is the academic program a success? Organizational Framework Is the organization effective and well-run? Compliance document Financial Framework Is the school financially viable? Academic annual performance targets Financial annual performance targets Recurrent Enrollment Target Authorizer sets annual performance target goals for all charters it authorizes after consultation with charters “General Annual Performance Targets” School and Authorizer negotiate School-specific annual performance targets. These can include modifications of General Annual Performance Targets based on student specific reasons or other measures proposed by the School School-specific annual performance targets are Essential Documents of Contract
Sample 1
Annual Performance Targets. Galaxy shall use its best efforts to expand the distribution of the TMAX Products through the placement of additional TMAX Tables into operation. Galaxy’s performance in this regard will be subject to the following minimum standards for total TMAX Table placements, on a cumulative basis, including both TMAX Tables that were sold and TMAX Tables that were leased and are generating recurring revenue as of the prescribed date, or the later of the two alternative prescribed dates as the case may be, set forth below, during the Term of this Agreement: April 1, 2012 – 15 TMAX Tables The later of: April 1, 2013 or 12th-month following Approval Date – 45 TMAX Tables April 1, 2014 or 24th-month following Approval Date – 110 TMAX Tables April 1, 2015 or 36th-month following Approval Date – 200 TMAX Tables April 1, 2016 or 48th-month following Approval Date – 300 TMAX Tables It is the understanding of both parties that the annual performance target for the period ending April 1, 2012 pertains solely to the lease or sale of Model C or Model D TMAX Table. It is the understanding of both parties that the annual performance targets thereafter shall be subject to and run from the date (”Approval Date”) of Gaming Laboratories International’s (“GLI”) approval of the Model E TMAX Table. The parties agree that periods assigned to the above performance targets shall not have the effect of extending the initial five-year Term of the Agreement as set forth in Section 1.13 and, instead, are meant to address the possibility that the initial five-year Term may be extended pursuant to Section 2.1. As of each of the above prescribed dates on which Galaxy fails to meet the standards set forth above, Galaxy shall pay to TMAX within thirty (30) calendar days after the end of the prescribed date in question, the difference between TMAX’s share of the actual profit obtained by the TableMAX Division and the estimated profit as would have been obtained if the minimum standard had been obtained. The formula for determining the estimated profit shall be as follows:
Sample 1
Annual Performance Targets. 1. The execution of a definitive agreement to site a plant adjacent to an existing dry corn milling fractionation plant.
Sample 1
Annual Performance Targets. From and after the lapse of the Forfeiture Restrictions with respect to any Share of Restricted Stock, such Share shall be “Vested”. Subject to Sections 2(c), (d) and (e) of this Agreement, the Shares of Restricted Stock shall be eligible to become Vested in annual installments of 25% each (with respect to each fiscal year, an “Installment”) based on Adjusted EBITDA for each of the Company’s 2010, 2011, 2012 and 2013 fiscal years as follows:
Sample 1
Annual Performance Targets. Each Performance Framework is set up to establish annual performance targets. For the annual performance targets, the Authorizer shall set general annual performance targets for its authorized schools, after consultation with its schools. The Parties shall then negotiate school-specific annual performance targets for each year this Contract is in effect. The performance targets and scorecards resulting from assessment of the School based on these performance targets are compiled in Exhibit 6. The annual performance targets may include additional rigorous, valid and reliable indicators to augment external evaluations of the School’s performance. The Performance Framework indicators and annual performance targets established for each year of the Charter term shall be included in the Essential Documents as Exhibit 6.1, 6.2, 6.3, 6.4 and 6.5, as each document is created for each year of the Contract.
Sample 1

Related to Annual Performance Targets

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

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.

  • Performance Objectives 4.1 The Performance Plan (Annexure A) sets out-

  • 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 A-1 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.

  • 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.

  • Goals Goals define availability, performance and other objectives of Service provisioning and delivery. Goals do not include remedies and failure to meet any Service Goal does not entitle Customer to a Service credit.

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

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