Performance Measure Factor Grid Sample Clauses

Performance Measure Factor Grid. Average Pre-Tax Return on Assets (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Multiple will be determined by interpolation between the respective amounts shown above. (2) Average Earnings per Share is weighted 75% and Average Pre-Tax Return on Assets is weighted 25% to determine the applicable Multiple in the Performance Measure Factor Grid. (3) Notwithstanding the foregoing, Awarded Shares shall not be awarded to the Participant if either (i) Average Earnings per Share is less than $[•], or (ii) Average Pre-Tax Return on Assets is less than [•]%. (4) The total number of Awarded Shares that may be awarded to the Participant shall range from 0% to 150% of the Target Number of PSUs (or Pro-Rata Target Number of PSUs, if applicable) based on the application of the Performance Measure Factor Grid.
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Performance Measure Factor Grid. ROTCE Payout Before Credit Modifier Payout With Credit Modifier <=[l]bps to >=[l] bps +0% to -15% Min [l]% 50.0% 50.0% - 50.0% [l]% 58.0% 58.0% - 50.0% [l]% 66.0% 66.0% - 51.0% [l]% 74.0% 74.0% - 59.0% [l]% 82.0% 82.0% - 67.0% [l]% 90.0% 90.0% - 75.0% [l]% 95.0% 95.0% - 80.0% [l]% 105.0% 105.0% - 90.0% [l]% 110.0% 110.0% - 95.0% [l]% 118.0% 118.0% - 103.0% [l]% 126.0% 126.0% - 111.0% [l]% 134.0% 134.0% - 119.0% [l]% 142.0% 142.0% - 127.0% (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Payout Percentage will be determined by interpolation between the respective amounts shown above. (2) The “Target Level” for ROTCE is [l]%, the “Target Level” for the Credit Provision Modifier is [l]bps, and the “Minimum Level” for ROTCE is [l]%. (3) If the Minimum Level for ROTCE is not met, the PSUs eligible to vest will be forfeited. Notwithstanding the foregoing, the Committee may determine that a portion of the PSUs eligible to vest, not to exceed 50% of such PSUs, will vest after taking into account such factors as (i) the magnitude of the ROTCE below the Minimum Level (including positive or negative variance from plan), (ii) the Participant’s degree of involvement (including the degree to which the Participant was involved in decisions that are determined to have contributed to ROTCE below the Minimum Level, (iii) the Participant’s performance, and (iv) such other factors as deemed appropriate. Any such determination will be in the sole discretion of the Committee and will be final and binding.
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Performance Measure Factor Grid. Credit Provision Modifier (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Percentage will be determined by interpolation between the respective amounts shown above. (2) The “Target Level” for ROTCE is [●]% to [●]%, the “Target Level” for the Credit Provision Modifier is [●] bps to [●] bps, and the “Minimum Level” for ROTCE is [●]%. (3) If the Minimum Level for ROTCE is not met for any Performance Year, the tranche of PSUs eligible to vest for such Performance Year will be forfeited as of the applicable Vesting Date. Notwithstanding the foregoing, the Committee may determine that a portion of the PSUs eligible to vest for such Performance Year, not to exceed 50% of such PSUs, will vest after taking into account such factors as (i) the magnitude of ROTCE below the Minimum Level (including positive or negative variance from plan), (ii) the Participant’s degree of involvement (including the degree to which the Participant was involved in decisions that are determined to have contributed to ROTCE below the Minimum Level), (iii) the Participant’s performance and (iv) such other factors as deemed appropriate. Any such determination will be in the sole discretion of the Committee and will be final and binding.
Sample 1Sample 2
Performance Measure Factor Grid. Average Net Finance Margin (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Multiple will be determined by interpolation between the respective amounts shown above. (2) Each of the Performance Measures is weighted 50% to determine the applicable Multiple in the Performance Measure Factor Grid. (3) Notwithstanding the foregoing, Awarded Shares shall not be awarded to the Participant if either the level of Average Net Finance Margin or Aggregate Committed Lending is less than 75% of each respective Performance Measurement’s Target Level. (4) The total number of Awarded Shares that may be awarded to the Participant shall range from 0% to 200% of the Target Number of PSUs (or Pro-Rata Target Number of PSUs, if applicable) based on the application of the Performance Measure Factor Grid.
Sample 1Sample 2
Performance Measure Factor Grid. Average Net Finance Margin (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Multiple will be determined by interpolation between the respective amounts shown above. (2) Each of the Performance Measures is weighted 50% to determine the applicable Multiple in the Performance Measure Factor Grid. (3) Notwithstanding the foregoing, Awarded Shares shall not be awarded to the Participant if either (i) the level of Average Net Finance Margin is less than [Ÿ]%, or (ii) Aggregate Committed Lending Volume is less than $[Ÿ] of each respective Performance Measurement’s Target Level. (4) The total number of Awarded Shares that may be awarded to the Participant shall range from 0% to 150% of the Target Number of PSUs (or Pro-Rata Target Number of PSUs, if applicable) based on the application of the Performance Measure Factor Grid. (5) The “Target Level” for the Average Net Finance Margin is [Ÿ]% and the “Target Level” for Aggregate Committed Lending Volume is $[Ÿ] billion.
Sample 1Sample 2
Performance Measure Factor Grid. ROATCE Performance Factor X TSR Adjustment Factor = Payout Percentage ROATCE Payout Before TSR Adjustment Factor (1) If the levels of Performance Measures attained falls between the amounts shown above, the applicable Payout Percentage will be determined by interpolation between the respective amounts shown above. (2) The “Target Level” for ROATCE is l%, the “Target Level” for the TSR Adjustment Factor is l%, and the “Minimum Level” for ROATCE is l%. (3) If the Minimum Level for ROATCE is not met, the PSUs eligible to vest will be forfeited. (4) After the end of the Performance Period, the Committee will rank each member of the Comparison Group according to TSR. The Company’s TSR percentile will then be compared to TSRs of the Comparison Group, including the Company, to determine the TSR Adjustment Factor.
Sample 1
Performance Measure Factor Grid. Before Credit Modifier Payout With Credit Modifier <=l to lbps to >=l bps +0% to -15% < Min <l% 0% 0% up to 50% at Discretion of the Compensation Committee Min l l l - l
Sample 1
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Performance Measure Factor Grid. Before Credit Modifier Payout With Credit Modifier <=lbps to >=l bps +0% to -15% < Min l 0% 0% up to 50% at Discretion of the Compensation Committee Min l l l - l l l l - l l l l - l l l l - l l l l - l l l l - l l l l - l Target l l l - l l l l - l l l l - l l l l - l l l l - l l l l - l l l l - l Xxx l l l - l
Sample 1

Related to Performance Measure Factor Grid

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

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • 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.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.

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

  • 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.

  • 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 Metrics The “Performance Metrics” for the Performance Period are: (i) the JD Power Residential National Large Segment Survey for investor-owned utilities; (ii) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (iii) Arizona Public Service Company’s customer to employee improvement ratio; (iv) the OSHA rate (All Incident Injury Rate); (v) nuclear capacity factor; and (vi) coal capacity factor. (1) With respect to the Performance Metric described in clause (i) of this Subsection 6(a), the JD Power Residential National Large Segment Survey will provide data on an annual basis reflecting the Company’s percentile ranking, relative to other participating companies. (2) With respect to the Performance Metric described in clause (ii) of this Subsection 6(a), the Edison Electric Institute (“EEI”) will provide data on an annual basis regarding the XXXXX result of the participating companies; the Company will calculate its XXXXX result for the year in question and determine its percentile ranking based on the information provided by EEI. (3) With respect to the Performance Metric described in clause (iii) of this Subsection 6(a), SNL, an independent third party data system, will provide data on an annual basis regarding the customer and employee counts; the Company will use its customer and employee counts for the year in question and determine its percentile ranking based on the information provided by SNL. Only those companies whose customers and employees were included in the data provided by SNL in each of the years of the Performance Period will be considered. (4) With respect to the Performance Metric described in clause (iv) of this Subsection 6(a), EEI will provide data on an annual basis regarding the OSHA rate of the participating companies; the Company will calculate its OSHA rate for the year in question and determine its percentile ranking based on the information provided by EEI. (5) With respect to the Performance Metric described in clause (v) of this Subsection 6(a), SNL will provide data on an annual basis regarding the nuclear capacity factors of the participating nuclear plants; the Company will calculate its nuclear capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (6) With respect to the Performance Metric described in clause (vi) of this Subsection 6(a), SNL will provide data on an annual basis regarding the coal capacity factors of the participating coal plants; the Company will calculate its coal capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (7) The Company’s percentile ranking during the Performance Period for each Performance Metric will be the average of the Company’s percentile ranking for each Performance Metric during each of the three years of the Performance Period (each, an “Average Performance Metric”); provided, however, that if the third year of a Performance Metric is not calculable by December 15 of the following year, the Performance Metric shall consist of the three most recent years for which such Performance Metric is calculable. The Company’s “Average Performance,” for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b) above will be the average of the Average Performance Metrics. If only quartile, rather than percentile, rankings are available for a particular Performance Metric, the Average Performance Metric for any such Performance Metric shall be expressed as a percentile. For example, if the Performance Metric was in the top quartile for two Performance Periods and in the lowest quartile in the other Performance Period, the average of these quartiles would be 3 (the average of 4, 4, and 1) and the Average Performance Metric would be the 75th percentile (3 /4). The calculations in this Subsection 6(a)(7) will be verified by the Company’s internal auditors. (8) If either EEI or SNL discontinues providing the data specified above, the Committee shall select a data source that, in the Committee’s judgment, will provide data most comparable to the data provided by EEI or SNL, as the case may be. If the JD Power Residential National Large Segment Survey for investor-owned utilities (or a successor JD Power survey) is not available during each of the years of the Performance Period, the Performance Metric associated with the JD Power Residential Survey (Subsection 6(a)(1)) will be disregarded and not included in the Company’s Average Performance for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b).

  • 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.

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