Annual Performance Targets Sample Clauses

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:

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...

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

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.

Annual Performance Targets. The execution of a definitive agreement to site a plant adjacent to an existing dry corn milling fractionation plant.