Below-Target Performance Clause Samples

Below-Target Performance. The aggregate amount that becomes payable under Bonus Awards with respect to each Performance Goal if performance is attained at the target level will be reduced by 20% for attainment levels at each percentage point below the target level. For instance, if the attainment of the AFFO Performance Goal is 2% below the target level performance, only 60% of the amount that becomes payable with respect to the AFFO Performance Goal based on attainment at the target level will become payable. Minimum Goals. No Bonus Award will become payable if both of the Performance Goals are attained at 95% or a lower level.