Common use of Performance Period; Timing For Establishing Performance Goals Clause in Contracts

Performance Period; Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a Performance Period no shorter than 12 months and no longer than five years, as specified by the Committee. Performance goals shall be established not later than 90 days after the beginning of any Performance Period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m).

Appears in 2 contracts

Samples: Securities Purchase Agreement (MDwerks, Inc.), Securities Purchase Agreement (MDwerks, Inc.)

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Performance Period; Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a Performance Period no shorter performance period of up to one year or more than 12 months and no longer than five yearsone year, as specified by the Committee. Performance goals A performance goal under Section 7(b)(ii) shall be established not later than the earlier of (A) 90 days after the beginning of any Performance Period performance period applicable to such Performance Awards, Award or at (B) the time 25% of such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m)performance period has elapsed.

Appears in 1 contract

Samples: 2012 Stock Award and Incentive Plan (Spectrum Group International, Inc.)

Performance Period; Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards subject to this Section 8 shall be measured over a Performance Period no shorter than 12 months and no longer than five years, as specified by the Committee. Performance goals shall be established not later than 90 days after the beginning of any Performance Period applicable to such Performance AwardsAwards subject to this Section 8, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m)) of the Code.

Appears in 1 contract

Samples: Merger Agreement (Nuvola, Inc.)

Performance Period; Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a Performance Period no shorter than 12 months and no longer than five performance period of up to ten years, as specified by the Committee. Performance goals shall be established not later than 90 days after the beginning of any Performance Period performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section section 162(m)) of the Code.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Oasis Petroleum Inc.)

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Performance Period; Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Qualified Performance-Based Awards shall will be measured over a Performance Period no shorter than 12 months and no longer than five performance period of up to ten years, as specified by the CommitteeAdministrator. Performance goals shall will be established not later than 90 days after the beginning of any Performance Period applicable to such Performance Awardsperformance period, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m)) of the Code.

Appears in 1 contract

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

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