Annual Performance Targets Sample Clauses

Annual Performance Targets. The Restricted Shares shall vest on the applicable Vesting Date on a year by year basis provided that the Annual Performance Targets (as hereinafter defined) for the calendar year ending on the last day of the Company's fiscal year immediately preceding such Vesting Date are met. The "Annual Performance Targets" shall mean the annual performance targets for each applicable calendar year as determined by the Executive Compensation and Option Committee of the Company's Board of Directors and communicated to the Recipient no later than the last day of the first calendar quarter of the applicable calendar year; and (ii) In the event that the Annual Performance Targets for any calendar year are not satisfied so that the Restricted Shares do not vest on the Vesting Date on which they were scheduled to vest had the Annual Performance Targets been met, such Restricted Shares that failed to vest on such Vesting Date shall vest on any subsequent Vesting Date provided that the Annual Performance Targets for a subsequent calendar year are met. If any Restricted Shares remain unvested as of January 1, 2008, Annual Performance Targets shall be set for the 2008 calendar year and if any Restricted Shares have not vested by January 1, 2009, Annual Performance Targets shall be set for the 2009 calendar year. The Vesting Date applicable to the 2008 calendar year is January 1, 2009 and for the 2009 calendar year is January 1, 2010. Any Restricted Shares that have not been earned and vested by January 1, 2010 shall automatically be canceled or forfeited."
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Annual Performance Targets. Each Performance Framework is set up to establish annual performance targets. For the annual performance targets, the Authorizer shall set general annual performance targets for its authorized schools, after consultation with its schools. The Parties shall then negotiate school-specific annual performance targets for each year this Contract is in effect. The performance targets and scorecards resulting from assessment of the School based on these performance targets are compiled in Exhibit 6. The annual performance targets may include additional rigorous, valid and reliable indicators to augment external evaluations of the School’s performance. The Performance Framework indicators and annual performance targets established for each year of the Charter term shall be included in the Essential Documents as Exhibit 6.1, 6.2, 6.3, 6.4 and 6.5, as each document is created for each year of the Contract.
Sample 1
Annual Performance Targets. Each Performance Framework is set up to establish annual performance targets. To set the annual performance targets, the Authorizer shall set general annual performance targets for its authorized schools after consultation with those schools. The Parties shall then negotiate school-specific annual performance targets for each year this Contract is in effect. These annual performance targets may include additional rigorous, valid and reliable indicators to augment external evaluations of the School’s performance. The Performance Framework indicators and annual performance targets established for each year of the Charter term shall be included in the Essential Documents as Exhibit 6.1, 6.2, 6.3, 6.4 and 6.5 as each document is created for each year of the Contract. Performance Frameworks Academic Framework Is the academic program a success? Organizational Framework Is the organization effective and well-run? Compliance document Financial Framework Is the school financially viable? Academic annual performance targets Financial annual performance targets Recurrent Enrollment Target Authorizer sets annual performance target goals for all charters it authorizes after consultation with charters School and Authorizer negotiate School-specific annual performance targets. These can include modifications of General Annual Performance Targets based on student specific reasons or other measures proposed by the School School-specific annual performance targets are Essential Documents of Contract
Sample 1
Annual Performance Targets. Galaxy shall use its best efforts to expand the distribution of the TMAX Products through the placement of additional TMAX Tables into operation. Galaxy’s performance in this regard will be subject to the following minimum standards for total TMAX Table placements, on a cumulative basis, including both TMAX Tables that were sold and TMAX Tables that were leased and are generating recurring revenue as of the prescribed date, or the later of the two alternative prescribed dates as the case may be, set forth below, during the Term of this Agreement: April 1, 2012 – 15 TMAX Tables The later of: April 1, 2013 or 12th-month following Approval Date – 45 TMAX Tables April 1, 2014 or 24th-month following Approval Date – 110 TMAX Tables April 1, 2015 or 36th-month following Approval Date – 200 TMAX Tables April 1, 2016 or 48th-month following Approval Date – 300 TMAX Tables It is the understanding of both parties that the annual performance target for the period ending April 1, 2012 pertains solely to the lease or sale of Model C or Model D TMAX Table. It is the understanding of both parties that the annual performance targets thereafter shall be subject to and run from the date (”Approval Date”) of Gaming Laboratories International’s (“GLI”) approval of the Model E TMAX Table. The parties agree that periods assigned to the above performance targets shall not have the effect of extending the initial five-year Term of the Agreement as set forth in Section 1.13 and, instead, are meant to address the possibility that the initial five-year Term may be extended pursuant to Section 2.1. As of each of the above prescribed dates on which Galaxy fails to meet the standards set forth above, Galaxy shall pay to TMAX within thirty (30) calendar days after the end of the prescribed date in question, the difference between TMAX’s share of the actual profit obtained by the TableMAX Division and the estimated profit as would have been obtained if the minimum standard had been obtained. The formula for determining the estimated profit shall be as follows: i. The monthly weighted average revenue of all TMAX Tables that are generating lease revenues for the respective annual performance period (“Weighted Average Leased Revenue”) is determined in the same manner as the following example: Table one generated total revenue of $30,000 for twelve months. Table two generated total revenue of $5,000 for five months. The numerator would be the sum of $30,000 plus $5,000 or $35,000. The denomi...
Sample 1
Annual Performance Targets. The execution of a definitive agreement to site a plant adjacent to an existing dry corn milling fractionation plant.
Sample 1
Annual Performance Targets. From and after the lapse of the Forfeiture Restrictions with respect to any Share of Restricted Stock, such Share shall be “Vested”. Subject to Sections 2(c), (d) and (e) of this Agreement, the Shares of Restricted Stock shall be eligible to become Vested in annual installments of 25% each (with respect to each fiscal year, an “Installment”) based on Adjusted EBITDA for each of the Company’s 2010, 2011, 2012 and 2013 fiscal years as follows:
Sample 1

Related to Annual Performance Targets

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

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the JD Power Residential National Large Segment Survey for investor-owned utilities; (ii) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (iii) Arizona Public Service Company’s customer to employee improvement ratio; (iv) the OSHA rate (All Incident Injury Rate); (v) nuclear capacity factor; and (vi) coal capacity factor. (1) With respect to the Performance Metric described in clause (i) of this Subsection 6(a), the JD Power Residential National Large Segment Survey will provide data on an annual basis reflecting the Company’s percentile ranking, relative to other participating companies. (2) With respect to the Performance Metric described in clause (ii) of this Subsection 6(a), the Edison Electric Institute (“EEI”) will provide data on an annual basis regarding the XXXXX result of the participating companies; the Company will calculate its XXXXX result for the year in question and determine its percentile ranking based on the information provided by EEI. (3) With respect to the Performance Metric described in clause (iii) of this Subsection 6(a), SNL, an independent third party data system, will provide data on an annual basis regarding the customer and employee counts; the Company will use its customer and employee counts for the year in question and determine its percentile ranking based on the information provided by SNL. Only those companies whose customers and employees were included in the data provided by SNL in each of the years of the Performance Period will be considered. (4) With respect to the Performance Metric described in clause (iv) of this Subsection 6(a), EEI will provide data on an annual basis regarding the OSHA rate of the participating companies; the Company will calculate its OSHA rate for the year in question and determine its percentile ranking based on the information provided by EEI. (5) With respect to the Performance Metric described in clause (v) of this Subsection 6(a), SNL will provide data on an annual basis regarding the nuclear capacity factors of the participating nuclear plants; the Company will calculate its nuclear capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (6) With respect to the Performance Metric described in clause (vi) of this Subsection 6(a), SNL will provide data on an annual basis regarding the coal capacity factors of the participating coal plants; the Company will calculate its coal capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (7) The Company’s percentile ranking during the Performance Period for each Performance Metric will be the average of the Company’s percentile ranking for each Performance Metric during each of the three years of the Performance Period (each, an “Average Performance Metric”); provided, however, that if the third year of a Performance Metric is not calculable by December 15 of the following year, the Performance Metric shall consist of the three most recent years for which such Performance Metric is calculable. The Company’s “Average Performance,” for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b) above will be the average of the Average Performance Metrics. If only quartile, rather than percentile, rankings are available for a particular Performance Metric, the Average Performance Metric for any such Performance Metric shall be expressed as a percentile. For example, if the Performance Metric was in the top quartile for two Performance Periods and in the lowest quartile in the other Performance Period, the average of these quartiles would be 3 (the average of 4, 4, and 1) and the Average Performance Metric would be the 75th percentile (3 /4). The calculations in this Subsection 6(a)(7) will be verified by the Company’s internal auditors. (8) If either EEI or SNL discontinues providing the data specified above, the Committee shall select a data source that, in the Committee’s judgment, will provide data most comparable to the data provided by EEI or SNL, as the case may be. If the JD Power Residential National Large Segment Survey for investor-owned utilities (or a successor JD Power survey) is not available during each of the years of the Performance Period, the Performance Metric associated with the JD Power Residential Survey (Subsection 6(a)(1)) will be disregarded and not included in the Company’s Average Performance for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b).

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • 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.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6. (b) If the Operator does not comply with the Operator Performance Level then the Access Holder must pay to QR Network the amount determined in accordance with Schedule 5 as part of the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following QR Network becoming entitled to that amount. Where there is no next Billing Period, the Operator must pay such amount to QR Network within fourteen (14) days after receipt of a Tax Invoice from QR Network. (c) If QR Network does not comply with the QR Network Performance Level then QR Network will credit to the Access Holder the amount determined in accordance with Schedule 5 by way of a deduction from the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following the Access Holder becoming entitled to that amount. Where there is no next Billing Period, QR Network must pay such amount to the Access Holder within fourteen (14) days after receipt of a Tax Invoice from the Access Holder. (d) The Parties must, if requested by either Party, meet to review the Performance Levels subject to such review not occurring within six (6) Months after the Commitment Date or any previous review of the Performance Levels. If either Party notifies the other that it considers that the Performance Levels are no longer appropriate, the Parties may agree on varied Performance Levels and any associated variations to the Agreement including the Base Access Charges and the Train Service Description. If the Parties are unable to agree to such variations, then the existing Performance Levels shall continue to apply unless varied by QR Network in accordance with the provisions of Clause 5.6(e). (e) In the event that the Access Holder and/or the Operator (i) does not comply in any material respect with the Train Service Description; and (ii) the Access Holder fails to demonstrate to the reasonable satisfaction of QR Network when requested to do so, that the Access Holder will consistently comply with the Train Service Description for the remainder of the Term then, following consultation with the Access Holder, QR Network will be entitled to: (iii) vary the Train Service Description to a level it reasonably expects to be achievable by the Access Holder for the remainder of the Term having regard to the extent of previous compliance with the Train Service Description (ignoring, for the purpose of assessing previous compliance, any non-compliance to the extent that the non-compliance was attributable to a Railway Operator (other than the Access Holder) or to QR Network); and (iv) vary the Agreement (including, without limitation, the Operator Performance Level and the Base Access Charges) to reflect the impact of the change in the Train Service Description. (f) The Access Holder shall be entitled to dispute any variation proposed by QR Network pursuant to Clause 5.6(e) and such dispute will be referred to an expert for resolution in accordance with Clause 17.3.

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