Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no later than 90 days after the commencement of each Performance Period, the Committee shall, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 9 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no later than 90 days after the commencement of each Performance Period, the Committee shall, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period Target Bonus payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 8 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no No later than 90 days after the commencement of each Performance Period, the Committee shall, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period Target Bonus payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 7 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no No later than 90 days after the commencement of each Performance Period, the Committee shall, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 7 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no No later than 90 ninety (90) days after the commencement of each Performance Period, the Committee shallmay, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 6 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no later than 90 ninety (90) days after the commencement of each Performance Period, the Committee shall, in its sole discretion, establish in writing one or more preestablished, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 5 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Performance Goals. Subject to and in accordance with the requirements under Section 162(m) of the Code, no No later than 90 ninety (90) days after the commencement of each Performance Period, the Committee shallmay, in its sole discretion, establish in writing one or more preestablishedpre-established, objective performance goals for such Performance Period. Such performance goal(s) shall state, in terms of an objective formula or standard, the amount of the target number of Shares determined under paragraph C for such Performance Period payable to Executive upon achievement of each such performance goal (or any specified threshold, intermediate, target, maximum or other level with respect thereto).
Appears in 1 contract