Stretch Target definition

Stretch Target means $______________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to eliminate the impact of the addition of Operating Profits, or the decrease of Operating Profits, resulting from the transaction, but only to the extent that the additional Operating Profits or the decreased Operating Profits exceed the Materiality Threshold. For example, the acquisition of an entity that generated Operating Profits of $5,000,000 USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $2,000,000 USD for each full calendar year remaining in the OP Performance Period (if any), plus an amount equal to the product of $2,000,000 multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12). (xiv) “Subsidiary” shall mean each entity with respect to which the Company owns, directly or indirectly, greater than fifty percent (50%) of the capital stock. (xv) “TSR” means the cumulative percentage change in stock price over the TSR Performance Period, with Dividends Paid during the TSR Performance Period being added to the stock price at the end of the TSR Performance Period. For purposes of this Agreement, the price of an entity’s stock at the beginning of the TSR Performance Period will be the average closing stock price over the trading days in the twenty (20) days immediately preceding the start of the TSR Performance Period, and the stock price at the end of the TSR Performance Period will be the average closing stock price over the trading days in the last twenty (20) days of the TSR Performance Period. If the event of a spin off, split up or similar transaction involving the business of the Company or a company in the Concentrated Peer Group, the shares of the entity of such transaction will be treated as Dividends Paid with respect to the Company or the company in the Concentrated Peer Group, as applicable. (xvi)“TSR Performance Period” means the three year period commencing on the Grant Date and ending on the third (3rd) anniversary of the Grant Date. (xvii)“Vesting Date” means the date the Committee certifies the Operating Profits and TSR results or, if earlier, the date vesting occurs pursuant to Section 3(c...
Sample 1
Stretch Target means $___________________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to eliminate the impact of the addition of Operating Profits, or the decrease of Operating Profits, resulting from the transaction, but only to the extent that the additional Operating Profits or the decreased Operating Profits exceed the Materiality Threshold. For example, the acquisition of an entity that generated Operating Profits of $5,000,000 USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $2,000,000 USD for each full calendar year remaining in the OP Performance Period (if any), plus an amount equal to the product of $2,000,000 multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12).
Sample 1
Stretch Target. Increase the total number of adults aged 16+ achieving Basic Skills target qualifications from 3,820 to 4,001 (an increase of 181 adults over the three years of the LAA) * Percentage of learners achieving level 2 by the age of 19 57.2%7 1963 59.2% 2052 61.2% 2065 62.2% 2110 (2103) (2116) (2162) Stretch Target: Increase the total number of individuals achieving level 2 by the age of 19 from 6,227 to 6,381 (an increase of 154 people over the three years of the LAA) ‌ 5 University Centre Oldham 2006 6 Learning & Skills Council, Skills For Life, 2004/05 7 Learning & Skills Council, 2005 Percentage of learners achieving level 3 by the age of 19 40.8% 43.5% 46.2% 48.5% C - REDUCING POVERTY AND INEQUALITIES Reducing worklessness amongst the working aged population (aged 16-59) of Oldham 12 people per priority xxxx (Borough average - 2004/05). 60 in total * i) The number of IB claimants moving into employment in 5 priority8 wards in the Borough 75 (95) 95 (115) 110 (131) Stretch Target: Increase the total number of IB claimants moving into employment in 5 priority wards from 280 to 341 (an increase of 61 people over the three years of the LAA) * ii) In 2 other priority wards9, the number of IB claimants moving into employment who have been claiming for over 2 years 1% in to employment. 1142 claiming IB for over 2 years in Alexandra and St Paul’s (Oct05) 24 (30) 30 (40) 33 (35) Stretch Target: Increase the total number of IB claimants who have been claiming for over two years moving into employment in two other priority wards from 87 to 105 (an increase of 18 people over the three years of the LAA) iii) The Borough average IB claimant rate 10.7%. 13,475 IB claimants (Oct 05) 10.7% 10.6% 10.5% 8 JCP 2005 figures for the following wards: Hollinwood, Coldhurst, Werneth, St Mary's and Lees 9 Alexandra (includes the NDC area) and St Pauls iv) The number of lone parents moving into employment 592 (Oct 05) 3,300 registered lone parents at Oct 0510 3% increase (610) 3% increase (628) 3% increase (646) D- ATTRACTING Creation of quality floor 2005/6 developments of - - 27,200 sq. m. of INVESTMENT TO CREATE QUALITY space and new jobs 11 4 major investment sites underway quality floor space created resulting in 885 new jobs MODERN FLOOR SPACE AND NEW JOBS AMOUNT FUNDING STREAMS (P = Pooled, A = Aligned) 2005/6 2006/7 2007/8 2008/9 NRF – Neighbourhood Renewal Fund (P) £1,399,500 £1,689,500 - Economic Partnership (£360,000 (£450,000 - Oldham Beyond £250,000 £450,000 - Local Lear...
Sample 1

Examples of Stretch Target in a sentence

  • LAA Stretch Target Performance Update During 2007/2008 the indicator “reduction in the number of non-residential burglary in the borough” has dropped from being excellent to intervention.

  • That the Crown Prosecution Service continues to work with partner organisations, and takes into account the outcome of the monitoring of domestic violence rates in the City when responding to the Criminal Justice Group Stretch Target to reduce repeat victimisation, bring more offenders to justice and increase reporting of domestic violence.

  • LAA Stretch Target Performance Update Eleven out of the possible12 stretched LAA targets were negotiated and agreed with government in 05/06 for inclusion in Harrow’s 3-year local area agreement.

  • No. OUTCOMES INDICATORS TARGETS Reward Stretch Target Lead & Delivery Partners Cross Cutting Ref.

  • This indicator links to the existing stretch targets 4 which will continue to be a priority in 2008 / 09 Stretch Target 4 – Supporting employers to successfully tackle worklessness• Reducing the number of incapacity claimants Countywide• Reduction in incapacity claimants in NRF Districts This indicator is still being developed and a baseline established.

  • Key Performance Indicators (KPI’s) were in place for 2019/20, which addressed: -Income collection and welfare reform-Tenancy and estate management-Home options-Well being-Asset management-Voids and lettings-Corporate New ranges of Customer Satisfaction Stretch Target KPI’s were scheduled to be introduced in 2019/20, which would be monitored quarterly.

  • Other questions in the survey elicited information about the participants’ gender, whether they followed the world news frequently, and whether they were a member of some club or society.

  • The plan includes the requirement to deliver a base Cost Improvement Programme (CIP) of £25.5m plus a further CIP Stretch Target of £13.1m by the financial year end.

  • Enhancement in performance with the Reward Element Additional 1867 EBD reduction due to additional resources and new ways of working Allocation of Performance Reward Grant To be confirmed Notes: Background and Rationale for Inclusion of the Stretch Target An independent review undertaken by Teamwork in late 2003 showed a very high hospitalisation rate for people aged 65+ in Calderdale, and called for a whole-system change to enable reductions to be made in unplanned admissions 1.

  • LIMITATIONS AND EXTENSIONS The use of Minimum Acceptable Performance, Performance Target, and Stretch Target provide a mechanism for meaningful comparisons using external or internal data.


More Definitions of Stretch Target

Stretch Target means achieving superior performance and relates to a score for a KPI where a Stretch Target Payment is payable. Stretch Targets for the two applicable KPIs are listed in Article 5.6.
Sample 1
Stretch Target performance against the agreed-upon goals and objectives for such year shall entitle you to a Bonus for such year equal to at least 60% of your annualized Base Salary for such year. Lesser amounts may be awarded for performance below "target", and intermediate amounts may be awarded for performance between "target" and "stretch target". The extent to which the agreed-upon goals and objectives are attained shall be determined by the Committee reasonably and in good faith, in consultation with you, as soon as reasonably practicable after the end of the calendar year to which the Bonus at issue relates. The Bonus earned by you for a calendar year shall be paid to you promptly after its amount has been determined, and in no event later than the earlier of (x) the date that other senior executives of the Company receive their annual bonuses for such year and (y) March 30 of the year following such year. Your Bonus shall be no less than $75,000 for calendar year 2003.
Sample 1

Related to Stretch Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • DNA profile means a letter or number code which represents a set of identification characteristics of the non-coding part of an analysed human DNA sample, i.e. the particular molecular structure at the various DNA locations (loci);

  • ROIC means the Company’s return on Invested Capital calculated as a percentage for the twelve month period ending on the last day of the Performance Period by dividing net operating profit after tax by Invested Capital. For the purposes of calculating ROIC under this Agreement, “net operating profit” shall be adjusted to exclude the impact of all restructuring, foreign exchange, impairments, legal settlements, employee separation costs, product liability charges, pension plan and SERP terminations and retroactive tax law changes to the extent such items were not contemplated and included in the Company’s 2013-2018 Strategic Plan, upon which the ROIC goals were based.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Quantitative fit test or "QNFT" means an assessment of the adequacy of respirator fit by numerically measuring the amount of leakage into the respirator.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Licensed Level means a) when referenced in the context of a Named User, the quantity of Metric for which each individual Named User category and type is licensed -and- b) when referenced in the context of a Package, the quantity of Metric for which each individual Package is licensed; and