Performance Weighting Sample Clauses

Performance Weighting. Weightings allow emphasis to be placed on KPAs and key objectives that carry more importance and/or take more time. Every KPA in the performance agreement or plan must be assigned a weighting. The total of the weightings on each of the two components of the performance plan must add up to 100. The purpose of the weighting is to enable Council to ensure performance of the key objectives with the highest strategic importance, and to reward outstanding performance accordingly.
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Performance Weighting. The actual results of each performance measure, described below, will be adjusted to reflect each measure’s weighting. Performance Measure Weighting Strategic Objective 20% Total Shareholder Return 50% Return on Capital 30%
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Performance Weighting. The actual results of each performance measure, described below, will be adjusted to reflect each measure’s weighting. Performance Measure Weighting Return on Capital 40% Asset Performance Improvement 60%
Sample 1
Performance Weighting. The actual results of each performance measure, described below, will be adjusted to reflect each measure’s weighting. Performance Measure Weighting Total Shareholder Return 50% Return on Capital 50% Performance Measures Total Shareholder Return (“TSR”) Subject to adjustments, for the TSR measure, the Participant will earn between 0% and 200% (share amounts being straight-line interpolated) of the number of PSUs covered by the Initial Grant. TSR vs. Peers During the Performance Period 20 percentage points below median 10 percentage points below median Median 10 percentage points above median 20 percentage points above median Payout 0% 50% 100% 150% 200% Notwithstanding anything in the Agreement to the contrary, payouts for the TSR measure that otherwise would have been more than 100% of target will be capped at 100% of target if the Company’s TSR is negative over the Performance Period. TSR shall be calculated as follows: 58409620v.3 Relative TSR shall be measured each calendar year in the Performance Period. For example, TSR for 2021 shall be determined using January 1, 2022 as the end point and January 1, 2021 as the beginning point. Interim payout levels shall be determined based on relative TSR for each calendar year. The payout levels for each calendar year shall be added and their sum shall be divided by 3 to determine final payout of the TSR measure. The peer group includes the following companies: Canfor Corp Xxxxxx International Inc. Clearwater Paper Corp Rayonier Advanced Materials Western Forest Products Inc.* Verso Corp - A Domtar Corp Xxxx Xxxxxx Timber Co. LTD Interfor Corp *Note that the peer group included Conifex Timber Inc. until December 31, 2019 and Western Forest Products Inc. since January 1, 2020. The Committee may, in its sole discretion, make adjustments to the peer group as appropriate. Return on Capital Subject to adjustments, for the return on capital measure, the Participant will earn between 0% and 200% (payouts being straight-line interpolated) of the number of PSUs covered by the Initial Grant. Original internal rate of return (“IRR”) vs. Actual IRR < 80% of original IRR 90% of original IRR 100% of original IRR 110% of original IRR > 120% of original IRR Payout 0% 50% 100% 150% 200% For each capital project approved after January 1, 2018 and assessed during the Performance Period, the actual IRR will be compared to the original IRR set forth in the project’s appropriation of funds request in accordance with Policy FP-500, Ca...
Sample 1
Performance Weighting. The actual results of each performance measure, described below, will be adjusted to reflect each measure’s weighting. Performance Measure Weighting Return on Capital 40% Asset Performance Improvement 60% Performance Measures Return on Capital Subject to adjustments, for the return on capital measure, the Participant will earn between 0% and 200% (share amounts will be straight-line interpolated) of the number of PSUs covered by the Initial Grant. Original internal rate of return (“IRR”) vs. Actual IRR < 80% of original IRR 90% of original IRR 100% of original IRR 110% of original IRR > 120% of original IRR Payout 0% 50% 100% 150% 200% For each capital project approved after January 1, 2018 and assessed during the Performance Period, the actual IRR will be compared to the original IRR set forth in the project’s appropriation of funds request in accordance with Policy FP-500, Capital Expenditures. Total payout will be calculated using a weighted average. Capital projects included for this performance measure include all tissue projects with an appropriation of funds greater than $400,000, all wood projects with an appropriation of funds greater than $500,000, pulp and paper projects with an appropriation of funds greater than $1,000,000, and corporate projects with an appropriation of funds greater than $1,000,000 with an assigned IRR. 54448213v.3 87894149v.2
Sample 1

Related to Performance Weighting

  • 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:

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

  • 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 Criteria The Performance Criteria are set forth in Exhibit A to 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 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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