Common use of Below Threshold Clause in Contracts

Below Threshold. If, upon the conclusion of the Performance Period, TSR Relative to Peers for the Performance Period falls below the threshold level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, no performance shares for the Performance Period shall become earned.

Appears in 2 contracts

Samples: Long Term Incentive Plan β€” Performance/Restricted Shares Agreement (DPL Inc), Long Term Incentive Plan Performance Shares Agreement (Dayton Power & Light Co)

AutoNDA by SimpleDocs

Below Threshold. If, upon the conclusion of each of the Performance PeriodPeriods, TSR Relative to Peers for the that Performance Period falls below the threshold level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, no performance shares for the that Performance Period shall become earned.

Appears in 1 contract

Samples: Long Term Incentive Plan Performance Shares Agreement (DPL Inc)

AutoNDA by SimpleDocs

Below Threshold. If, upon the conclusion of the Performance Period, TSR Relative to Peers for the that Performance Period falls below the threshold level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, no performance shares for the that Performance Period shall become earned.

Appears in 1 contract

Samples: Performance Shares Agreement (Dayton Power & Light Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!