Common use of 2023 Performance Components; Annual Cash Bonus Measurement Period Clause in Contracts

2023 Performance Components; Annual Cash Bonus Measurement Period. The 2023 Annual Cash Bonus will be payable based on the following metrics and continued employment through December 31, 2023 (subject to the terms of the Agreement). The Relative XXX and Relative TSR metrics will be measured based on the measurement period beginning at the end of the third fiscal quarter of the calendar year immediately preceding the beginning of the 2023 Annual Cash Bonus Performance Period through the end of the third fiscal quarter of the 2023 Annual Cash Bonus Performance Period (i.e., Q3 to Q3 measurement period, which is October 1, 2022 through September 30, 2023) (the “Annual Cash Bonus Measurement Period”). The Strategic Goals metrics will be measured based on the 2023 calendar year. a. 35% based on the Company’s Relative XXX, subject to adjustment based on Company XXX (as defined below), for the Annual Cash Bonus Measurement Period b. 35% based on the Company’s Relative TSR (as defined below), subject to adjustment based on Company TSR (as defined below), for the Annual Cash Bonus Measurement Period c. 30% based on achievement of the Strategic Goals (as defined below) during the 2023 calendar year