Common use of Performance Goals Generally Clause in Contracts

Performance Goals Generally. The performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to such criteria, as specified by the Committee consistent with this Paragraph C. Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m), including the requirement that the level or levels of performance targeted by the Committee result in the performance goals being “substantially uncertain.” The Committee may determine that more than one performance goal must be achieved as a condition to settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or to different Participants.

Appears in 2 contracts

Samples: Long Term Incentive Plan (TMS International Corp.), Long Term Incentive Plan (TMS International Corp.)

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Performance Goals Generally. The performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to such criteria, as specified by the Committee consistent with this Paragraph C. Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m), including the requirement that the level or levels of performance targeted by the Committee result in the performance goals being "substantially uncertain." The Committee may determine that more than one performance goal must be achieved as a condition to settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or to different Participants.

Appears in 1 contract

Samples: Long Term Incentive Plan (Global Immune Technologies Inc.)

Performance Goals Generally. The performance goals for such Performance Qualified Performance-Based Awards shall will consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee Administrator consistent with this Paragraph C. Section 2.09(b). Performance goals shall will be objective and shall otherwise will be designed to meet the requirements of Code for “performance-based compensation” under Section 162(m), including ) of the requirement that the level or levels of performance targeted by the Committee result in the performance goals being “substantially uncertain.” Code and may differ from Participant to Participant and from Award to Award. The Committee Administrator may determine that more than one performance goal must such Qualified Performance-Based Awards will be achieved as a condition to settlement granted, exercised, or settled upon achievement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or to different Participantsmore performance goals.

Appears in 1 contract

Samples: Long Term Incentive Plan (Enovation Controls, Inc.)

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Performance Goals Generally. The performance goals for such Performance Awards or Annual Incentive Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee consistent with this Paragraph C. Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m), including the requirement that the level or levels of performance targeted by the Committee result in the performance goals being “substantially uncertain.” Committee. The Committee may determine that more than one such Awards shall be granted, exercised, and/or settled upon achievement of any single performance goal must be achieved as a condition to settlement or of such Performance Awardstwo (2) or more performance goals. Performance goals may differ for Performance Awards granted to any one Participant Grantee or to different ParticipantsGrantees.

Appears in 1 contract

Samples: Non Qualified Stock Option Transfer Agreement (Walker & Dunlop, Inc.)

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