Exercise Criteria. (a) Unless vesting of the Options is accelerated pursuant to Subsection (b), one-third of the Options shall become vested on each of the first three anniversaries of the date hereof, provided Optionee is employed by Company on such anniversary date.

Exercise Criteria. The Variable Price Service Options shall ----------------- become exercisable as set forth on Schedule A. The Fixed Price Service Options ---------- shall become exercisable, in whole or in part, over time as set forth on Schedule B attached hereto. The Performance Options shall become exercisable, ---------- in whole or in part, as set forth on Schedule C attached hereto. ----------

Exercise Criteria. The Options shall become exercisable, in whole or ----------------- in part, over time as set forth on Schedule A attached hereto. The Options are ---------- Fixed Price Service Options.

Exercise Criteria. 1.1 Subject to the other terms of this Agreement, the Options shall Vest in accordance with and subject to achievement of the following Exercise Criteria: Period of time in which the Option Holder acts as a director or employee of the Company, starting from the Date of Grant Number of Option Shares Vested Base Date x Between the Date of Grant and the date falling the day before the Cliff Vesting Date (as defined below) No Option Shares shall become Vested. On the first anniversary of the Base Date (the “Cliff Vesting Date”) One quarter of the total aggregate achievable, rounded up to the nearest whole Option Share, shall become Vested. On the last day of the calendar month in which the Cliff Vesting Date falls (the “Relevant Month End”) and subsequently on the last day of each calendar month for a period of 35 additional months following the Relevant Month End 1/48th of the total aggregate achievable, rounded up to the nearest whole Option Share, shall become Vested, PROVIDED THAT at the end of such period the total number of Option Shares which shall have Vested shall in no circumstances exceed the total aggregate achievable and the final tranche of Option Shares which become Vested shall be adjusted accordingly. Total aggregate achievable X

Exercise Criteria. The Options are fully exercisable, and may be ----------------- exercised in whole or in part, as provided in Section 5 hereof, at any time --------- prior to the termination of the Options.

Related to Exercise Criteria

Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.
Acceptance Criteria 6.7.2.1. During the test there shall be no evidence of:
Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.
Performance Goal (a) Subject to the following sentence, the Performance Goal is set out in Appendix A hereto, which Appendix A is incorporated by reference herein and made a part hereof. Notwithstanding the foregoing, the provisions of Section 13 or any other provision of A-1 this Agreement to the contrary, the Committee reserves the right to unilaterally change or otherwise modify the Performance Goal in any manner whatsoever (including substituting a new Performance Goal), but only to the extent that the Committee has first determined that the exercise of such discretion would not cause the Performance Share Units to fail to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Committee exercises such discretionary authority to any extent, the Committee shall provide the Grantee with a new Appendix A in substitution for the Appendix A attached hereto, and such new Appendix A and the Performance Goal set out therein (rather than the Appendix A attached hereto and the Performance Goal set out therein) shall in all events apply for all purposes of this Agreement.
Performance Objectives 4.1 The Performance Plan (Annexure A) sets out-
Selection Criteria Each Contract is secured by a new or used Motorcycle. No Contract has a Contract Rate less than 1.00%. Each Contract amortizes the amount financed over an original term no greater than 84 months (excluding periods of deferral of first payment). Each Contract has a Principal Balance of at least $500.00 as of the Cutoff Date.
Performance Measures The System Agency will monitor the Grantee’s performance of the requirements in Attachment A and compliance with the Contract’s terms and conditions.
Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented
Goals Goals define availability, performance and other objectives of Service provisioning and delivery. Goals do not include remedies and failure to meet any Service Goal does not entitle Customer to a Service credit.

Exercise Criteria Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Related to Exercise Criteria