Performance-Based Criteria Sample Clauses

Performance-Based Criteria. The entire Bargaining Unit must meet or exceed 60% the following metrics to receive the performance-based increases set forth in Section 1(B) and (C) of this Article. CATEGORY METRIC STANDARD VALUE Safety Lost time hours 0 lost time hours for entire Bargaining Unit or 10% less than the previous 5-year average 15% Lost time incidents 0 lost time hours for entire Bargaining Unit or 10% less than the previous 5-year average 15% Reliability CAIDI (average outage duration for customers who experience an outage) Lower than the previous year or 5-year APPA Average 15% XXXXX (Number of outages experienced by the average customer) Lower than the previous year or 5-year APPA Average 15% Productivity Unscheduled Time Off Incident Rate (Unscheduled is less than 24 hours notice for any time off) Less than 24 hours per employee 20% Overtime Availability Ratio (Accepted Calls/Calls made) 75% OT accepted 20%
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Performance-Based Criteria. A number of the PSUs subject to the Award that become earned (the “Earned PSUs”) following the end of the Performance Period shall be based: (1) Fifty percent (50%) on the Company’s FY 2014-2016 Relative Total Stockholder Return (as defined below) in accordance with the performance levels and payout percentages set forth in the table below labeled “rTSR Table;” and (2) Fifty percent (50%) on the Company’s FY 2014-2016 Earnings Per Share Cumulative Annual Growth Rate (as defined below) in accordance with the performance levels and payout percentages set forth in the table below labeled “Adjusted EPS CAGR Table;” provided that, subject to the remainder of this Agreement, the vesting of such Earned PSUs shall be contingent on you remaining continuously employed with the Hillshire Companies through the PSU Vesting Date. For the avoidance of doubt, your period of continuous employment for purposes of vesting excludes any severance period. Company % Percentile Rank(1) % of PSUs Earned(2) ≥ 75th 150 % 50th 100 % 25th 50 % < 25th 0 % (1) Percentile rank includes the Company in the calculation of Relative Total Stockholder Return performance. FY14-16 PSU Award (2) Payouts between payout levels will be determined by linear interpolation. Company Adjusted EPS CAGR % of PSUs Earned(1) ≥ 12.0% 150 % 9.5 % 125 % 7.0 % 100 % 6.0 % 75 % 5.0 % 50 % < 5.0% 0 % (1) Payouts between payout levels will be determined by linear interpolation.
Sample 1
Performance-Based Criteria. For purposes of qualifying to negotiate for the Designated Veteran Player Extension described above or the maximum salary for certain free agents described in section B.4 below, a player will have to meet at least one of the following performance criteria at the time of signing: • the player was named to the All-NBA first, second, or third team, or was named Defensive Player of the Year, in the immediately preceding season or in two of the immediately preceding three seasons; or • the player was NBA MVP during one of the preceding three seasons. Any player who is extended pursuant to these criteria (or signed as a free agent pursuant to section B.4 below) cannot be traded for one year from the date of signing. For any player who previously met the Designated Veteran Player performance criteria, has not yet reached unrestricted free agency, and, but for signing a Veteran Extension in 2016-17 prior to the execution of the new CBA, could or would have been eligible to sign a Designated Veteran Player Extension or a free agent contract as a Designated Veteran Player during the term of the new CBA (beginning in 2017-18), the following rule will apply: such a player will be permitted, in the off-season after his 8th or 9th season (as applicable), to negotiate a Designated Veteran Player Extension, provided that the player meets the applicable eligibility rules (but for the extension in 2016-17) and performance criteria at the time the Designated Veteran Player Extension is signed.
Sample 1
Performance-Based Criteria. DBH shall evaluate Contractor on process and outcomes criteria related to program and operational measures indicative of quality mental health services. These criteria are consistent with DBH’s System wide Performance Outcomes Framework. 1. The process-based criteria which shall be achieved are as follows:
Sample 1
Performance-Based Criteria. The entire bargaining unit must meet or exceed 60% the following metrics to receive the performance- based increases set forth in Section 1(D) and (E) of this Article. METRIC STANDARD VALUE Lost time hours 0 lost time hours 10% Lost time incidents 0 lost time incidents 10% Unscheduled time off No more than 3 occurrences (1 occurrence = any increment of time off with less than one day’s notice) of unscheduled time off on average/per employee 20% Reliability Average reliability based on: - Average number of customers and hours and amount of time customers are without gas service for repairs not to exceed 10% – 5% of Reliability Value; - Average number of customers and hours and amount of time customers are without water service for repairs not to exceed 10% – 5% of Reliability Value; and - Annual generation capacity of both Greenup and Xxxxxxx Hydroelectric Plants greater than or equal to 50% of annual nameplate generation capacity of both Plants – 15% of Reliability Value 20%
Sample 1

Related to Performance-Based Criteria

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • 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 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). 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. (b) Depending upon the extent, if any, to which the Performance Goal has been achieved, and subject to compliance with the requirements of Section 4, each PSU shall entitle the Grantee to receive, at such time as is determined in accordance with the provisions of Section 5, between 0 and 2.0 Shares for each PSU. The Committee shall, as soon as practicable following the last day of the Performance Period, certify (i) the extent, if any, to which, in accordance with Appendix A, the Performance Goal has been achieved with respect to the Performance Period and (ii) the number of whole and/or partial Shares, if any, which, subject to compliance with the vesting requirements of Section 4, the Grantee shall be entitled to receive with respect to each PSU (with such number of whole and/or partial Shares being hereafter referred to as the “Share Delivery Factor”). Such certification shall be final, conclusive and binding on the Grantee, and on all other persons, to the maximum extent permitted by law.

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

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • 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.