Objective standard means a standard that:
Objective standard means a standard that both:
Objective standard. : The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant. Such formula or standard shall specify the individual employees or class of employees to which it applies, and shall preclude discretion to increase the amount payable that would otherwise be due upon attainment of the objective.
Examples of Objective standard in a sentence
The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant.
A Performance Objective may be based on one or more business criteria that apply to the individual Participant, a business unit or the Company as a whole, and shall state, in terms of an Objective Standard, the method of computing the amount payable to the Participant if the Performance Objective is attained.
Service Expectation or Objective Standard of Performance Warner and WPI shall provide service to each other on substantially the same basis provided for each of their own use.
More Definitions of Objective standard
Objective standard defined in Clause Seven of this agreement. In the aforementioned events: The SELLER agrees to indemnify the BUYER and the COMPANY, its directors, employees, shareholders, agents and advisers (collectively the "Indemnified Parties") and maintain them indemnified against any cost, expense, loss, claim, action, complaint, litigation, penalty, fine, injury or expenditure incurred or created, as a consequence or result of any Encumbrance or loss suffered as a result of an "Event of Indemnification." In the event that the guarantee issued by TEMSA is insufficient, the SELLER promises and agrees to immediately pay without protest to the BUYER, in cash and in dollars, legal tender of the United States of America, the resulting sum of money, and the BUYER will initiate the appropriate legal action in order to claim payment from the SELLER. In the event of any claim that constitutes an Event of Indemnification, the BUYER will have the right, at its sole and absolute discretion, to immediately collect any amount resulting from the Event of Indemnification of the guarantee with a notice by the BUYER to TEMSA, listing the amount of the claim, and, at the same time, TEMSA will have no opportunity of any kind to reserve [a right] or [make a] claim or defense. The BUYER will subrogate all rights related to the Event of Indemnification to TEMSA, if applicable. The foregoing obligation on the part of TEMSA and the SELLER, whatever the case may be, are irrevocable obligations under this agreement. Notwithstanding that, in the event of collection of the guarantee by the BUYER, if the SELLER does not agree with the payment made by TEMSA, it may follow the procedure contained in the Resolution of Conflicts Clause of this agreement.
Objective standard. For purposes of this agreement, any reference herein to: "negative impact, adverse results, adverse effect, adversely affect," and other similar terms, will be interpreted as the existence of a reduction of five percent (5%) from the Company and Business Plan as of April 1999, with gross income of two million fifty-two thousand eight hundred twenty four dollars (US$2,052,824), legal tender of the United States of America, equal to the sum of thirteen million five hundred forty-nine thousand six hundred eighty-three quetzals (Q13,549,683.87), at an exchange rate of six point six zero zero five quetzals (Q6.6005) to the dollar (US$1.00), legal tender of the United States of America, therefore, in any case, the amount expressed in quetzals and thus converted to dollars at the rate of exchange indicated, will always be the parameter for application of the "Objective Standard," notwithstanding any fluctuation above or below the rate of exchange for the quetzal with the dollar, legal tender of the United States of America. Likewise, this "Objective Standard" is also considered to be a reduction of percent (5%) in any of the categories of active customers of the COMPANY, which appear in EXHIBIT 4, which forms an integral part of this agreement. This is considered the "Objective Standard" for interpretation of such terms in the clauses of this agreement, unless otherwise stipulated between the BUYER and the SELLER.
Objective standard. : The term Objective Standard means a formula or standard by which a third party, having knowledge of the relevant performance results, could calculate the amount to be paid to a Participant. Such formula or standard shall specify the individual