Performance Goals and Vesting Sample Clauses

Performance Goals and Vesting. The SPUs are considered “Vested” once they are no longer forfeitable. The SPUs granted hereunder shall become Vested only if (i) the performance goals set forth in the “Performance Schedule” attached hereto are achieved at the end of the Performance Period and (ii) you have not ceased to be an Employee for any reason (a “Termination of Service”) prior to the end of the Performance Period, except as provided in Paragraph 3 below. To the extent the performance goals are not achieved, the SPUs shall be forfeited automatically at the end of the Performance Period without payment.
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Performance Goals and Vesting. The SPUs granted hereunder shall become Vested only if (i) the Strategic Performance goals set forth in the Performance Schedule attached hereto are achieved at the end of the Performance Period and (ii) you have not incurred a Termination of Service prior to the end of the Performance Period, except as provided in Paragraph 3 below. To the extent the Strategic Performance goals are not achieved, the SPUs shall be forfeited automatically at the end of the Performance Period without payment.
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Performance Goals and Vesting. The PPUs granted hereunder shall become Vested only if (i) the Performance goals set forth in the Performance Schedule attached hereto are achieved at the end of the Performance Period and (ii) you have not ceased to be an Employee (“Termination of Service”) prior to the end of the Performance Period, except as provided in Paragraph 3 below. To the extent the Performance goals are not achieved, the PPUs shall be forfeited automatically at the end of the Performance Period without payment.
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Performance Goals and Vesting. The Restricted Stock Units shall be earned upon the Company achieving at least a 1% reduction in its Operating Ratio (as hereinafter defined) (the “Annual Performance Metric”) as compared to the prior Fiscal Year each (as hereinafter defined) year during the five Fiscal Years commencing with Fiscal Year 2016; provided, however, that if in any Fiscal Year the Company fails to achieve the Annual Performance Metric and in a subsequent Fiscal Year it achieves an improvement in its Operating Ratio which brings the aggregate improvement in its Operating Ratio for all Fiscal Years commencing after December 31, 2015 to an amount equal to or greater than the product of one and the number of completed Fiscal Years occurring after December 31, 2015, then there shall vest a number of Restricted Stock Units equal to the number of shares to be vested for such Fiscal Year and each prior completed Fiscal Year to the extent then unvested. For each Fiscal Year in which the Company achieves an Annual Performance Metric, the number of Restricted Stock Units which will vest are as follows (each a “Vesting Date”): Fiscal Year Number of Shares 2016 [10%] 2017 [10%] 2018 [20%] 2019 [30%] 2020 [30%] Notwithstanding the foregoing, if for any Fiscal Year commencing in 2016 the Company shall achieve in such year, when combined with all prior Fiscal Years, a 5% aggregate reduction in its Operating Ratio as compared to its Operating Ratio for Fiscal Year 2015, then all Restricted Stock Units shall be earned and vest immediately. For purposes of this Agreement,
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Performance Goals and Vesting. The number of Options which shall vest and become exercisable on each Vesting Date shall be a number of Options for such Vesting Date determined by the Committee in accordance with Section A below (the “Initial Options”), multiplied by the Relative TSR Multiplier determined in accordance with Section B below. For the avoidance of any doubt, the number of Options which shall vest and become exercisable on the Vesting Date of [DATE] shall not exceed [xx%]; the number of Options which shall vest and become exercisable on the Vesting Date of [DATE] shall not exceed [xx%]; and the number of Options which shall vest and become exercisable on the Vesting Date of [DATE] shall not exceed [xx%];
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Performance Goals and Vesting. The number of shares of Stock issuable on each Vesting Date shall be the Initial Shares for such Vesting Date determined by the Committee in accordance with Section A below, multiplied by the Relative TSR Multiplier determined in accordance with Section B below.
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Performance Goals and Vesting 
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Related to Performance Goals and Vesting

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

  • 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 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:

  • 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 Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

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