Number of Performance Shares Earned Sample Clauses

Number of Performance Shares Earned. The number of Performance Shares earned under Component I is determined as follows: (a) Step 1: multiply the percentage weighting for each performance metric by the payout percentage attained based on such performance metric to arrive at the percentage of Target Performance Shares earned based on such performance metric; (b) Step 2: add the sum of the percentages of Target Performance Shares earned based on each performance metric; (c) Step 3: multiply the sum of the percentages of Target Performance Shares earned based on each performance metric by the total number of Target Performance Shares and (d) Step 4: increase or reduce the award calculated in Step 3 by the percentage that the Compensation Committee determines in its discretion. As an example, assume the percentage attained based on each performance metric is as shown below: Percentage Weighting x Payout Percentage Attained Percentage Target Shares Earned ROIC __% x ___% = __% Corporate Revenue Growth __% x ___% = __% Adjusted Earnings per Share Growth __% x ___% = __% __% + __% + __% = __%.
Sample 1Sample 2
AutoNDA by SimpleDocs
Number of Performance Shares Earned. The number of Performance Shares earned depends on the Corporate Performance Factor for this Fiscal Year (which is based partly on EPS and partly on the achievement of five specified Strategic Transformation Imperatives, as described below) and your Individual Performance Factor for the Fiscal Year. Specifically, the number of Performance Shares earned for the Fiscal Year is determined as follows: where:
Sample 1
Number of Performance Shares Earned. The number of Performance Shares earned based on Relative TSR performance is determined as follows: (a) Step 1: multiply ___% (i.e., the percentage weighting for Relative TSR) by the payout percentage attained based on Relative TSR to arrive at the percentage of Target Performance Shares earned based on Relative TSR; (b) Step 2: multiply the percentage of Target Performance Shares earned based on Relative TSR by the total number of Target Performance Shares; and (c) Step 3: increase or reduce the award calculated in Step 3 by the percentage that the Compensation Committee determines in its discretion. As an example, assume the Relative TSR payout percentage below is attained: Percentage Weighting x Payout Percentage Attained Percentage Target Shares Earned Relative TSR ___% x ___% = ___% Therefore, the number of Performance Shares earned based on Relative TSR is ___% of the number of Target Performance Shares.
Sample 1Sample 2
Number of Performance Shares Earned. After completion of the Performance Period, the number of Performance Shares earned under this Agreement based on cash flow measures greater than or equal to $2.60/share through $6.50/share will be determined according to the following formula: Earned Performance Shares will be paid in Shares and vest in thirds on 3/1/08; 2/28/09 and 2/27/10, respectively.
Sample 1
Number of Performance Shares Earned. After completion of the Performance Period, the number of Performance Shares earned under this Agreement will be based 50% on Absolute TSR and 50% on Relative TSR. For purposes of this Award, TSR shall be expressed as a compound annual growth rate and calculated as follows:
Sample 1
Number of Performance Shares Earned. The number of Performance Shares earned under Component I is determined as follows: (a) Step 1: multiply the percentage weighting for each performance metric by the payout percentage attained based on such performance metric to arrive at the percentage of Target Performance Shares earned based on such performance metric; (b) Step 2: add the sum of the percentages of Target Performance Shares earned based on each performance metric; (c) Step 3: multiply the sum of the percentages of Target Performance Shares earned based on each performance metric by the total number of Target Performance Shares and (d) Step 4: increase or reduce the award calculated in Step 3 by the percentage that the Compensation Committee determines in its discretion. However, in no case will the number of Performance Shares earned under Component I be less than 30% of the total awarded Target Performance Shares. As an example, assume the percentage attained based on each performance metric is as shown below: Percentage Weighting x Payout Percentage Attained Percentage Target Shares Earned ROIC 25% x 120% = 30% Corporate Revenue Growth 25% x 120% = 30% Adjusted Earnings per Share Growth 25% x 100% = 25% 30% + 30% + 25% = 85%. If the sum of the percentages of Target Performance Shares earned under Component I is less than 30%, then the final number of Performance Shares earned under Component I will be 30% of the Target Performance Shares (and in no event shall the total awarded Target Performance Shares for the sum of Component I and Component II (defined below) be less than 40%).
Sample 1
Number of Performance Shares Earned. The number of Performance Shares earned based on Relative TSR performance is determined as follows: (a) Step 1: multiply 25% (i.e., the percentage weighting for Relative TSR) by the payout percentage attained based on Relative TSR to arrive at the percentage of Target Performance Shares earned based on Relative TSR; (b) Step 2: multiply the percentage of Target Performance Shares earned based on Relative TSR by the total number of Target Performance Shares; and (c) Step 3: increase or reduce the award calculated in Step 3 by the percentage that the Compensation Committee determines in its discretion. However, in no case will the number of Performance Shares earned under Component II be less than 10% of the total awarded Target Performance Shares. As an example, assume the Relative TSR payout percentage below is attained: Percentage Weighting x Payout Percentage Attained Percentage Target Shares Earned Relative TSR 25% x 120% = 30% Therefore, the number of Performance Shares earned based on Relative TSR is 30% of the number of Target Performance Shares. If the percentage of Target Performance Shares earned based on Relative TSR is less than 10%, then the final number of Performance Shares earned under Component II will be 10% of the Target Performance Shares (and in no event shall the total awarded Target Performance Shares for the sum of Component I and Component II be less than 40%).
Sample 1
AutoNDA by SimpleDocs
Number of Performance Shares Earned. The number of Performance Shares earned (if any) depends on the Corporate Performance Factor for FY20__ (which is based on EPS as described below) and your Individual Performance Factor for FY20__. Specifically, the number of Performance Shares earned for FY20__ is determined as follows: where:
Sample 1
Number of Performance Shares Earned. After completion of the Performance Period, the number of Performance Shares earned under this Agreement will be paid in Shares and vest in accordance with the following schedule: « » - « »/share 0 % — — — — « » - « »/share 50 % « » « » « » « » « » - « »/share 100 % « » « » « » « » « » - « »/share 150 % « » « » « » « » « » or more/share 200 % « » « » « » « »
Sample 1

Related to Number of Performance Shares Earned

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Grant of Performance Shares Pursuant to the provisions of (i) the Plan, (ii) the individual Award Agreement governing the grant, and (iii) these Terms and Conditions, the Employee may be entitled to receive Performance Shares. Each Performance Share that becomes payable shall entitle the Employee to receive from the Company one share of the Company's common stock (“Common Stock”) upon the expiration of the Incentive Period, as defined in Section 2, except as provided in Section 13. The actual number of Performance Shares an Employee will receive will be calculated in the manner described in these Terms and Conditions, including Exhibit A, and may be different than the Target Number of Performance Shares set forth in the Award Agreement.

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Covenants of Performance Measurement No interference. Registry Operator shall not interfere with measurement Probes, including any form of preferential treatment of the requests for the monitored services. Registry Operator shall respond to the measurement tests described in this Specification as it would to any other request from an Internet user (for DNS and RDDS) or registrar (for EPP). ICANN testing registrar. Registry Operator agrees that ICANN will have a testing registrar used for purposes of measuring the SLRs described above. Registry Operator agrees to not provide any differentiated treatment for the testing registrar other than no billing of the transactions. ICANN shall not use the registrar for registering domain names (or other registry objects) for itself or others, except for the purposes of verifying contractual compliance with the conditions described in this Agreement. PUBLIC INTEREST COMMITMENTS Registry Operator will use only ICANN accredited registrars that are party to the Registrar Accreditation Agreement approved by the ICANN Board of Directors on 27 June 2013 in registering domain names. A list of such registrars shall be maintained by ICANN on ICANN’s website. (Intentionally omitted. Registry Operator has not included commitments, statements of intent or business plans provided for in its application to ICANN for the TLD.) Registry Operator agrees to perform the following specific public interest commitments, which commitments shall be enforceable by ICANN and through the Public Interest Commitment Dispute Resolution Process established by ICANN (posted at xxxx://xxx.xxxxx.xxx/en/resources/registries/picdrp), which may be revised in immaterial respects by ICANN from time to time (the “PICDRP”). Registry Operator shall comply with the PICDRP. Registry Operator agrees to implement and adhere to any remedies ICANN imposes (which may include any reasonable remedy, including for the avoidance of doubt, the termination of the Registry Agreement pursuant to Section 4.3(e) of the Agreement) following a determination by any PICDRP panel and to be bound by any such determination. Registry Operator will include a provision in its Registry-Registrar Agreement that requires Registrars to include in their Registration Agreements a provision prohibiting Registered Name Holders from distributing malware, abusively operating botnets, phishing, piracy, trademark or copyright infringement, fraudulent or deceptive practices, counterfeiting or otherwise engaging in activity contrary to applicable law, and providing (consistent with applicable law and any related procedures) consequences for such activities including suspension of the domain name. Registry Operator will periodically conduct a technical analysis to assess whether domains in the TLD are being used to perpetrate security threats, such as pharming, phishing, malware, and botnets. Registry Operator will maintain statistical reports on the number of security threats identified and the actions taken as a result of the periodic security checks. Registry Operator will maintain these reports for the term of the Agreement unless a shorter period is required by law or approved by ICANN, and will provide them to ICANN upon request. Registry Operator will operate the TLD in a transparent manner consistent with general principles of openness and non-discrimination by establishing, publishing and adhering to clear registration policies.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6. (b) If the Operator does not comply with the Operator Performance Level then the Access Holder must pay to QR Network the amount determined in accordance with Schedule 5 as part of the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following QR Network becoming entitled to that amount. Where there is no next Billing Period, the Operator must pay such amount to QR Network within fourteen (14) days after receipt of a Tax Invoice from QR Network. (c) If QR Network does not comply with the QR Network Performance Level then QR Network will credit to the Access Holder the amount determined in accordance with Schedule 5 by way of a deduction from the invoice issued by QR Network for Access Charges and other charges for the Billing Period immediately following the Access Holder becoming entitled to that amount. Where there is no next Billing Period, QR Network must pay such amount to the Access Holder within fourteen (14) days after receipt of a Tax Invoice from the Access Holder. (d) The Parties must, if requested by either Party, meet to review the Performance Levels subject to such review not occurring within six (6) Months after the Commitment Date or any previous review of the Performance Levels. If either Party notifies the other that it considers that the Performance Levels are no longer appropriate, the Parties may agree on varied Performance Levels and any associated variations to the Agreement including the Base Access Charges and the Train Service Description. If the Parties are unable to agree to such variations, then the existing Performance Levels shall continue to apply unless varied by QR Network in accordance with the provisions of Clause 5.6(e). (e) In the event that the Access Holder and/or the Operator (i) does not comply in any material respect with the Train Service Description; and (ii) the Access Holder fails to demonstrate to the reasonable satisfaction of QR Network when requested to do so, that the Access Holder will consistently comply with the Train Service Description for the remainder of the Term then, following consultation with the Access Holder, QR Network will be entitled to: (iii) vary the Train Service Description to a level it reasonably expects to be achievable by the Access Holder for the remainder of the Term having regard to the extent of previous compliance with the Train Service Description (ignoring, for the purpose of assessing previous compliance, any non-compliance to the extent that the non-compliance was attributable to a Railway Operator (other than the Access Holder) or to QR Network); and (iv) vary the Agreement (including, without limitation, the Operator Performance Level and the Base Access Charges) to reflect the impact of the change in the Train Service Description. (f) The Access Holder shall be entitled to dispute any variation proposed by QR Network pursuant to Clause 5.6(e) and such dispute will be referred to an expert for resolution in accordance with Clause 17.3.

  • PERIOD OF PERFORMANCE The period of performance for this contract begins , and ends .

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

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