Performance Events. In each case that Recipient reasonably determines that the actual TPV processed by Provider in connection with the Services and/or Platform is less than ninety percent (90%) of the corresponding Predicted TPV over the course of any ten (10) minute period during the Term (each a “Minor Performance Event”), Recipient shall notify Provider and Provider shall use commercially reasonable efforts to resolve such Minor Performance Event and any issue or Incident related thereto as soon as reasonably practicable. In each case that Recipient reasonably determines that the actual TPV processed by Provider in connection with the Services and/or Platform is less than eighty percent (80%) of the corresponding Predicted TPV over the course of any twenty (20) minute period during the Term (each, a “Major Performance Event”), Recipient shall notify Provider and Provider shall use commercially reasonable efforts to resolve such Performance Event and any issue or Incident related thereto as soon as reasonably practicable. In addition, each such Major Performance Event shall constitute a Default for which Performance Event Credits shall be awarded by Provider to the applicable Recipient Party pursuant to Section 3.2 of this Schedule 4.1.
Performance Events. The Xxxx-Xxxxx Act requires the SEC to issue rules barring national exchanges from listing any company that has not implemented a clawback policy that does not include recoupment of incentive-based compensation for current and former exec- utives for a three-year period. The SEC has not yet issued its final regulations on these clawback requirements. The Xxxx-Xxxxx Act's clawback requirements are different than the SOX provisions. Under Xxxx-Xxxxx, compa- xxxx are required to recover compensa- tion, including options, based on materi- ally inaccurate financial information, regardless of misconduct or fault. Exhibit 1 compares the clawback provi- sions under these the two acts (Xxxxx Xxxxxx, “The Xxxx-Xxxxx Act Addresses Corporate Governance,” The CPA Journal, April 2012, pp. 40-42). EXHIBIT 1 Comparing Clawback Provisions Clawback Applicability CEOs and CFOs Period covered 12 months All current and former executive officers 3 years Even though the SEC has not yet issued the final rules on this provision, several com- panies are already disclosing their claw- back policies, likely because proxy adviso- ry firms such as Glass Lewis and Institutional Shareholder Services consider companies' clawback policies when making their “say- on-pay” voting recommendations. ASU 2014-12 In June 2014, FASB issued its consen- sus of the Emerging Issues Task Force as ASU 2014-12. The EITF concluded that a performance target that affects vesting and is achieved after the requisite service period is a performance condition (ASC 718-10- 30-28). Thus, compensation cost should be recognized over the required service period if it is probable that the performance condi- tion would be achieved. The total compen- sation cost should reflect the number of equi- ty awards that are expected to vest and should be adjusted based on the actual for- feiture rate (trued-up) when those awards are ultimately vested. This consensus provides additional guid- ance and clarification for the accounting treatment of stock compensation awards that have a right of forfeiture or clawback dur- ing the post-performance period. Under this guidance, an entity should not record com- pensation cost until it is probable that the performance target will be achieved. Furthermore, performance conditions affect only the vesting condition of stock com- pensation awards and do not impact the esti- mate of the award's grant-date fair value. ASU 2014-12 is effective for all entities for annual periods beginning after...
Performance Events. All events are charged at £50 per event unless discounted through membership benefits. See TBMH Events xxxxx://xxx.xxxxxxxxxxxxxxxxxx.xxx/events/ page. A standard academic year sees: KS1: Infant Voices Festival; KS2: Christmas Singing Festival, Instrumental Playing Days, Big Sing; KS3-5: Future Sounds, Secondary Choirs’ Showcase, Instrumental Playing Days, Big Sing Due to capacity we are unable to invite Independent schools to access the performance programme, unless through a specific strategic agreement.
Performance Events. For any contracts that did not/do not meet original cost, schedule or technical performance requirements provide a brief explanation of the reason(s) for the shortcomings and any corrective actions taken to avoid recurrence. Additionally, any “Yes” answer in Section 1 requires a written explanation of the event (i.e., Option(s)
Performance Events. NOTE: Until further notice, our performance programme is on hold. We will only reinstate performances when it is safe to do so for all involved. This means that we may either shift some planned events to later in the academic year, move them online in a digital format, if appropriate, and/or suspend them for the 2020-21 academic year. We will keep schools updated. All events are charged at £50 per event unless discounted through membership benefits. See TBMH Events xxxxx://xxx.xxxxxxxxxxxxxxxxxx.xxx/events/ page. A standard academic year sees: KS1: Infant Voices Festival; KS2: Christmas Singing Festival, Instrumental Playing Days, Big Sing; KS3-5: Future Sounds, Secondary Choirs’ Showcase, Instrumental Playing Days, Big Sing Due to capacity we are unable to invite Independent schools to access the performance programme, unless through a specific strategic agreement.
