Initial Performance Period Sample Clauses

Initial Performance Period. The Performance Period generally consists of a 12-month period, although the Performance Adjustment will be 10/12 (the “Initial Performance Adjustment”) during the period from the first day of the first full month after the start of the Fund’s operations until October 31, 2018 (the “Initial Performance Period”). During the Initial Performance Period, the Fund’s Base Fee plus Initial Performance Adjustment will apply. As a result of this arrangement, the Fund’s effective fee with respect to the Initial Performance Period may be lower or higher than the Base Fee, depending on whether the investment performance of the Measuring Class exceeds, or is exceeded by, the performance of the Index Hurdle over the Initial Performance Period.
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Initial Performance Period. The Initial Performance Period shall be the three Fiscal Year period beginning with the Fiscal Year in which this Agreement is executed. Restrictions shall be satisfied and lapse after the Initial Performance Period in accordance with the following schedule: RONA (as defined in Section 5(c)) Percentage of Restricted Shares during Initial Performance Period upon which restrictions lapse ----------------------------------- -------------------------------- 25.00% or less 0.00% 26.00% 20.00% 27.00% 40.00% 28.00% 60.00% 29.00% 80.00% 30.00% or more 100.00%
Sample 1
Initial Performance Period. The number of Performance Units earned at the end of the Initial Performance Period (the “Earned Performance Units”), if any, will be based on the Performance Achieved, as follows: Performance Level Performance Achieved Percentage of Earned Performance Units Below Threshold % 0% Threshold % 50% Target % 100% Maximum % 200% Schedule 1 attached hereto sets forth the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) if the Performance Achieved for the Initial Performance Period is between % and %. For example, if the Performance Achieved is %, the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) will be % of the Target Number of Performance Units. If the Performance Achieved is %, the number of Earned Performance Units (expressed as a percentage of the Target Number of Performance Units) will be % of the Target Number of Performance Units.
Sample 1
Initial Performance Period. For the purposes of this Agreement, “Initial Performance Period” means and refers to the period from the Effective Date to September 30, 2023.
Sample 1
Initial Performance Period. For the performance period commencing March 1, 2014 and ending February 28, 2017, Executive shall be eligible to receive a long term performance bonus (the “Fiscal 2015 LTPB”) targeted at $1,500,000, with the opportunity to earn up to $3,000,000 and a threshold achievement payout of $750,000. The Fiscal 2015 LTPB shall be based on the achievement of adjusted earnings per share growth (based on earnings per share without asset impairment charges), adjusted cash flow productivity and relative total shareholder return. Fifty percent (50%) of any Fiscal 2015 LTPB shall be based on the achievement of such adjusted earnings per share growth performance measure, twenty-five percent (25%) of any Fiscal 2015 LTPB shall be based on the achievement of the adjusted cash flow productivity performance measure and twenty-five percent (25%) of any Fiscal 2015 LTPB shall be based on the achievement of the relative total shareholder return performance measure. Executive shall not be entitled to a bonus with respect to any such performance measure if the threshold amount associated with such performance measure is not achieved. With respect to the Fiscal 2015 LTPB, Executive shall be granted performance-based restricted stock units (“RSUs”) under the Long Term Incentive Plan. The number of common shares of Xxxxx of Xxxx subject to the RSU shall be equal to the maximum opportunity for the Fiscal 2015 LTPB divided by the Fair Market Value (as such term is defined under the Long Term Incentive Plan) of a common share of Xxxxx of Xxxx on the date of the grant of the Fiscal 2015 LTPB award (rounded up to the next whole share). The Fiscal 2015 LTPB shall be on such other terms as determined by the Compensation Committee.
Sample 1
Initial Performance Period. Notwithstanding the -------------------------- preceding provisions of this Section 2.2, for the Performance Period beginning on the Employment Date (as defined in Section 2.3(a)) and ending on December 31, 2005 (the "Initial Bonus Period"), Executive's bonus award shall be paid irrespective of any performance goals in an amount equal to annual Base Salary multiplied by a fraction, the numerator of which is the number of days in the Initial Bonus Period and the denominator of which is 365 (the "Initial Bonus"). The Initial Bonus shall be paid to Executive as soon as reasonably practicable following Executive's Employment Date. No other bonus shall be payable to Executive under this Section 2.2 in respect of the Initial Bonus Period. Executive shall reimburse the Company for the Initial Bonus in the event before January 1, 2006 Executive terminates his employment with the Company without Good Reason or the Company terminates Executive's employment for Cause.
Sample 1

Related to Initial Performance Period

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2005, and shall end on December 31, 2007.

  • 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

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Financial Performance Covenants Notwithstanding anything to the contrary contained in Section 7.01, in the event that Holdings fails to comply with the requirements of the Financial Performance Covenant, until the expiration of the 10th day subsequent to the date the certificate calculating such Financial Performance Covenant is required to be delivered pursuant to Section 5.04(c), Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of Holdings, and, in each case, to contribute any such cash to the capital of the Company (collectively, the “Cure Right”), and upon the receipt by Company of such cash (the “Cure Amount”) pursuant to the exercise by Holdings of such Cure Right and request to the Administrative Agent to effect such recalculation, such Financial Performance Covenant shall be recalculated giving effect to the following pro forma adjustments:

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

  • 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.

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

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