Attainment of Performance Objectives Sample Clauses
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Attainment of Performance Objectives. Subject to the Grantee’s continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, through the end of the Performance Period, the earned Performance Shares will be determined, as of the close of the Performance Period, based on attainment of the Performance Objectives during the Performance Period as follows: ROIC Performance. The total Performance Shares earned will be based on the following ROIC Performance Objectives for the Performance Period: Performance Objective Minimum Target Maximum ROIC Performance TBD, see below TBD, see below TBD, see below Performance Shares Earned 50% 100% 200% The number of Performance Shares earned (as a percentage of the Target Award) with respect to performance levels above the minimum standard and below the maximum standard shall be determined by interpolation based on the schedules set forth above. No Performance Shares will be earned if the minimum standard is not met. In the event that the maximum performance objective is exceeded, the number of Performance Shares earned shall not exceed the maximum Performance Shares earned as shown in the table above. Any unearned Performance Shares shall be forfeited to the Company, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unearned Performance Shares shall terminate. TBD: The reference to “TBD” (To Be Determined) in the above chart refers to the adjusted EPS Performance Objectives that the Company intends to finalize in or about “__________” for the Performance Period described in this letter. The adjusted ROIC Performance Objectives at the Minimum, Target, and Maximum levels (as referenced in the chart above) will be communicated to you when they have been finalized. For the avoidance of doubt, the Minimum, Target, and Maximum adjusted EPS Performance Objectives for the Performance Period described in this PSA Agreement will be determined by the Company in its sole and absolute discretion.
Attainment of Performance Objectives. Subject to the Grantee’s continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, through the end of the Performance Period, the earned Performance Shares will be determined, as of the close of the Performance Period, based on attainment of the Performance Objectives during the Performance Period as follows:
Attainment of Performance Objectives. Subject to the Grantee’s continued employment with the Company or an affiliate thereof, and except as otherwise provided herein or in the Plan, through the end of the Performance Period, the earned Performance Shares will be determined, as of the close of the Performance Period, based on attainment of the Performance Objectives during the Performance Period as follows: TSR Performance. The total Performance Shares earned will be a percentage of the Target Award based on the TSR Performance as follows: Performance Objective Minimum Target Maximum TSR Percentile Performance 25th Percentile 50th Percentile 75th Percentile Performance Shares Earned 50% 100% 200% The number of Performance Shares earned (as a percentage of the Target Award) with respect to performance levels above the minimum standard and below the maximum standard shall be determined by interpolation based on the schedules set forth above. No Performance Shares will be earned if the minimum standard is not met. In the event that the maximum performance objective is exceeded, the number of Performance Shares earned shall not exceed the maximum Performance Shares earned as shown in the table above. The number of Performance ▇▇▇▇▇▇ earned will be capped at Target Award if Company TSR is negative over the performance period. Any unearned Performance Shares shall be forfeited to the Company, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unearned Performance Shares shall terminate. 5.
Attainment of Performance Objectives. Subject to the Grantee’s continued employment with the Company or an affiliate thereof through the end of the Performance Period, and except as otherwise provided herein or in the Plan, the earned Performance Shares will be determined, as of the close of the Performance Period, based on attainment of the Performance Objectives during the Performance Period as follows: Revenue Performance. The total Performance Shares earned will be based on the following Revenue Performance Objectives for the Performance Period: Performance Period Objectives Minimum Target Maximum Net Revenue Performance % of Performance Shares Earned 0% 100% 200% The number of Performance Shares earned (as a percentage of the Target Award) with respect to each performance level above the minimum standard and below the maximum standard shall be determined by straight-line interpolation between the applicable performance levels set forth above. No Performance Shares will be earned if the minimum standard is not met, or if the Adjusted EBITDA Margin for the Performance Period is below [____]%. In the event that the maximum performance objective is exceeded, the number of Performance Shares earned shall not exceed the maximum Performance Shares earned as shown in the table above. Any earned Performance Shares shall vest on the last day of the Performance Period, subject to the Grantee’s continued employment with the Company or an affiliate thereof. Any unearned Performance Shares shall be forfeited to the Company as of the expiration of the Performance Period, without any further obligations of the Company to the Grantee and all rights of the Grantee with respect to the unearned Performance Shares shall terminate. 7.