Appendix A Performance Targets Sample Clauses
The "Appendix A Performance Targets" clause defines specific benchmarks or standards that must be met during the performance of a contract. Typically, this appendix lists measurable goals such as delivery timelines, quality metrics, or service levels that the parties have agreed upon. For example, it might require a supplier to maintain a certain uptime percentage or deliver products within a set timeframe. The core function of this clause is to provide clear, objective criteria for evaluating performance, thereby reducing ambiguity and helping to resolve disputes if expectations are not met.
Appendix A Performance Targets. The Performance Targets are based on the Company's achievement of the following implied equity values calculated as 8.0x the applicable fiscal year's Consolidated EBITDA (as defined below), minus the year-end Net Debt (as defined below, and, with Consolidated EBITDA, "Equity Values"): 2004: $868.7 million 2005: $1,290.1 million 2006: $1,822.2 million 2007: $2,401.6 million 2008: $2,785.0 million For purposes hereof,
Appendix A Performance Targets. The number of Performance Units that shall be eligible to become vested shall be based on the achievement of the applicable Performance Targets set forth below. The Performance Units under this Award shall be separated into two tranches. 30/65 (i.e., 46.15%) of the Performance Units shall be “Nareit All Equity Units” and 35/65 (i.e., 53.85%) of the Performance Units shall be “Peer Group Units,” with corresponding percentages of the Target Performance Units constituting the number of Nareit All Equity Units and Peer Group Units that would vest if performance at the “Target” level is achieved for each tranche (the “Target Nareit Units” and “Target Peer Group Units,” respectively). The determination of the level of achievement of performance of each tranche shall be independently calculated and shall not impact the vesting or not of the other tranche. The Nareit All Equity Units shall be eligible to become vested based on the percentile rank of the Company’s Total Shareholder Return for the Performance Period relative to the Total Shareholder Return for the Performance Period of the entities that comprise the FTSE Nareit All Equity Index (or, in the event such index is discontinued or its methodology significantly changed during the Performance Period, a comparable index selected by the Committee in good faith) during the entire Performance Period, excluding the Company (each “Nareit Index Company” and, collectively, “Nareit Index Companies”) as determined based upon weighted interpolation in Excel or similar formula (“Nareit Percentile Rank”). The Peer Group Units shall be eligible to become vested based on the percentile rank of the Company’s Total Shareholder Return for the Performance Period relative to the Total Shareholder Return for the Performance Period of the following companies: Prologis, Inc. (PLD), ▇▇▇▇▇▇▇ Industrial Realty, Inc. (REXR), EastGroup Properties, Inc. (EGP), STAG Industrial, Inc. (STAG), Terreno Realty Corporation (TRNO), LXP Industrial Trust (LXP), Plymouth Industrial REIT, Inc. (PLYM) and Industrial Logistics Properties Trust (ILPT) (each “Peer Group Company” and, collectively, “Peer Group Companies”) as determined using the same methodology as is set forth above for determining the Nareit Percentile Rank (“Peer Group Percentile Rank”). If any Peer Group Company ceases to be publicly-held during the Performance Period or otherwise ceases to provide a meaningful comparison for any reason, including as a result of a change in busines...