Falls Far Below Target Sample Clauses
The "Falls Far Below Target" clause defines the consequences or actions to be taken if a party's performance or results are significantly less than the agreed-upon targets or benchmarks. Typically, this clause sets a specific threshold—such as a percentage or quantitative measure—below which performance is considered unacceptable, and may trigger remedies like corrective action plans, financial penalties, or even contract termination. Its core practical function is to protect the interests of the non-breaching party by ensuring there are clear repercussions if performance is substantially inadequate, thereby incentivizing consistent and reliable delivery.
Falls Far Below Target. Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. 2.
Falls Far Below Target. Upon further analysis, the school’s performance on this component signals a significant financial risk to the school.
Falls Far Below Target. Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. EXHIBIT B.2 . The purpose of the Organizational Performance Framework is to communicate to the charter school and public the compliance-related standards, which the charter school must meet. The Organizational Framework includes the standards that the charter school is already required to meet through state and federal law, rules or the charter contract. NACSA Principles & Standards (2012) states that, “A Quality Authorizer implements an accountability system that effectively streamlines federal, state, and local…compliance requirements while protecting schools’ legally entitled autonomy and minimizing schools’ administrative and reporting burdens” (p. 16). For each measure a school receives one of three ratings. For the purposes of defining organizational performance accountability, “material” means whether the information would be relevant and significant to decisions about whether to renew, non-renew, or revoke a charter contract.
Falls Far Below Target. A Falls Far Below rating indicates that upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. The school’s rating will be based on both the most recent audited financials and more current unaudited financials. The Commission will also consider any relevant context for the school’s financial position that informs the causes of the school’s substantial shortcomings for the area in question. Appropriate monitoring and/intervention will be determined, in part, by how the rating on the standard in question fits within the school’s overall performance on the framework.
Falls Far Below Target. Upon further review following a preliminary Pending rating, the Commission identifies significant financial risk and has concerns about financial viability such that heightened monitoring and/or intervention are necessary. 2. SUSTAINABILITY INDICATORS 2.a. Total Margin: Net Income divided by Total Revenue Aggregated Total Margin: Total 3 Year Net Income divided by Total 3 Year Revenues