Annual Performance Conditions Sample Clauses

Annual Performance Conditions. If 100% or more of the business unit goal is achieved, then 25% of PARS accelerate. • If 90%-99.9% of the business unit goal is achieved, then 18.75% of the PARS accelerate. • If less than 90% of the business unit goal is achieved, then 0% of the PARS accelerate. • At the end of year seven, all unaccelerated PARS are vested. Cumulative Performance Conditions • If 100% or more of the sum of the 2003, 2004, 2005 and 2006 business unit goals is achieved, then restrictions lapse on all remaining restricted shares. • If 90-99.9% of the sum of the 2003, 2004, 2005 and 2006 business unit goals is achieved, then restrictions lapse on 75% of the number of shares originally awarded minus the total number of shares to which restrictions have lapsed.
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Annual Performance Conditions. If with respect to any of the calendar years [LIST OF EACH OF SIX YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING FIFTH YEAR AFTER YEAR OF GRANT], the sum of the Pre-Tax Incomes of (a) The Dreyfus Corporation and Founders Asset Management, LLC (“Dreyfus-Founders”), (b) Mellon Private Wealth Management (“MPWM”) and (c) Mellon Institutional Asset Management and Mellon Global Investors (“MIAM-MGI”) shall equal or exceed 110% of the sum of the Plan Goals for such business units’ Pre-Tax Income for such year, then upon certification of the satisfaction of this condition in accordance with Section 3.5, the restrictions on Disposition shall lapse as to one-third (33 1/3%) of the original number of shares of Stock awarded hereunder. If with respect to any of the calendar years[LIST OF EACH OF SIX YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING FIFTH YEAR AFTER YEAR OF GRANT], the sum of the Pre-Tax Incomes of Dreyfus-Founders, MPWM and MIAM-MGI shall be less than 110%, but shall equal or exceed 100% of the sum of the Plan Goals for such business units’ Pre-Tax Income for such year, then upon certification of the satisfaction of this condition in accordance with Section 3.5, the restrictions on Disposition shall lapse as to 25% of the original number of shares of Stock awarded hereunder.
Sample 1
Annual Performance Conditions. If with respect to any of the calendar years [LIST OF EACH OF FOUR YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING THIRD YEAR ATER YEAR OF GRANT], the Pre-Tax Income of The Dreyfus Corporation and Founders Asset Management, LLC (“Dreyfus-Founders”) shall equal or exceed 100% of the Plan Goal for such Pre-Tax Income, then upon certification of the satisfaction of this condition in accordance with Section 3.6, the restrictions on Disposition shall lapse as to one-fourth (25%) of the original number of shares of Stock awarded hereunder. If with respect to any of the calendar years [LIST OF EACH OF FOUR YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING THIRD YEAR ATER YEAR OF GRANT], the Pre-Tax Income of Dreyfus-Founders shall be less than 100%, but shall equal or exceed 90% of the Plan Goal for such Pre-Tax Income, then upon certification of the satisfaction of this condition in accordance with Section 3.6, the restrictions on Disposition shall lapse as to 18.75% of the original number of shares of Stock awarded hereunder.
Sample 1
Annual Performance Conditions. If with respect to any of the calendar years [LIST OF EACH OF FOUR YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING THIRD YEAR AFTER YEAR OF GRANT], the Pre-Tax Income of Mellon Private Wealth Management (“MPWM”) shall equal or exceed 100% of the Plan Goal for such Pre-Tax Income, then upon certification of the satisfaction of this condition in accordance with Section 3.6, the restrictions on Disposition shall lapse as to one-fourth (25%) of the original number of shares of Stock awarded hereunder. If with respect to any of the calendar years [LIST OF EACH OF FOUR YEARS FROM YEAR OF GRANT THROUGH AND INCLUDING THIRD YEAR AFTER YEAR OF GRANT] the Pre-Tax Income of MPWM shall be less than 100%, but shall equal or exceed 90% of the Plan Goal for such Pre-Tax Income, then upon certification of the satisfaction of this condition in accordance with Section 3.6, the restrictions on Disposition shall lapse as to 18.75% of the original number of shares of Stock awarded hereunder.
Sample 1

Related to Annual Performance Conditions

  • Performance Conditions The Shares shall be issuable only if (and to the extent) that the Performance Criteria, set forth herein, are satisfied during the Performance Period. The Controller of the Company and the Compensation Committee of the Board of Directors of the Company shall certify whether, and to what extent, the Performance Criteria have been achieved. If the minimum performance is not met, no Shares shall be issued and the Award shall be forfeited.

  • Performance Condition Notwithstanding the vesting schedule stated in the Award Notification, your Restricted Stock Units shall not vest unless the Company achieves positive Adjusted Net Earnings in any fiscal year during the term of the Award. “Adjusted Net Earnings” means net earnings determined in accordance with GAAP as publicly reported by the Company for a fiscal year, adjusted to eliminate the following: (1) the cumulative effect of changes in GAAP; (2) gains and losses from discontinued operations; (3) extraordinary gains or losses; and (4) any other unusual or nonrecurring gains or losses which are separately identified and quantified, including merger related charges. 

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Financial Performance Covenants Notwithstanding anything to the contrary contained in Section 7.01, in the event that Holdings and the Borrower fail to comply with the requirements of any Financial Performance Covenant, until the expiration of the 10th day subsequent to the date the certificate calculating such Financial Performance Covenant is required to be delivered pursuant to Section 5.04(c), Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of Holdings, and, in each case, to contribute any such cash to the capital of Borrower (collectively, the "Cure Right"), and upon the receipt by Borrower of such cash (the "Cure Amount") pursuant to the exercise by Holdings of such Cure Right such Financial Performance Covenant shall be recalculated giving effect to the following pro forma adjustments:

  • Performance Requirements To receive the Monthly Capacity Payment in Section 8.1.2.1, Seller shall provide the Contract Capacity in each Peak Month for all on-peak hours as such peak hours are defined in Edison's Tariff Schedule No. TOU-8 on file with the Commission, except that Seller is entitled to a 20% allowance for Forced Outages for each Peak Month. Seller shall not be subject to such performance requirements for the remaining hours of the year.

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

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Financial Performance Covenant Upon the occurrence and during the continuance of a Covenant Trigger Event, the Borrower will maintain a Fixed Charge Coverage Ratio of not less than 1.0 to 1.0 measured for the most recent period of four consecutive fiscal quarters for which Required Financial Statements are available (or were required to be furnished) at the time of occurrence of such Covenant Trigger Event, and each subsequent four fiscal quarter period ending during the continuance of such Covenant Trigger Event.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Performance Excused Continued performance of a Service may be suspended immediately to the extent caused by any event or condition beyond the reasonable control of the Party suspending such performance including, but not limited to, any act of God, fire, labor or trade disturbance, war, civil commotion, compliance in good faith with any law, unavailability of materials or other event or condition whether similar or dissimilar to the foregoing (each, a “Force Majeure Event”).

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