Performance Periods. For the period from July 1, 2003 through May 31, 2004, the Adviser will be paid at the Base Rate, without regard to any Performance Adjustment. For the month ending June 30, 2004, the Adviser will begin applying the Performance Adjustment as described herein, based upon the performance of the Fund relative to the performance of the Index during the 12-month period from July 1, 2003 through June 30, 2004. The 12-month comparison period will roll over with each succeeding month, so that it will always equal 12 months, ending with the month for which the performance incentive adjustment is being computed.
Performance Periods. The Performance Periods are as follows: • any four consecutive fiscal quarters ending between (and including) March 31, 2018 and December 31, 2019 (the “First Designated Period”); and • any four consecutive fiscal quarters ending between (and including) March 31, 2020 and December 31, 2020 (the “Second Designated Period”, and together with the First Designated Period, the “Designated Periods”). Any such four consecutive fiscal quarter period is sometimes referred to as a “Four Quarter Period”.
Performance Periods. The Performance Period to which the award of Performance Shares relates is the three-year period beginning on January 1, 2013 and ending on December 31, 2015.
Performance Periods. First January 1, 2017 - December 31, 2017 Second January 1, 2018 - December 31, 2018 Third January 1, 2019 - December 31, 2019 Fourth January 1, 2020 - December 31, 2020
Performance Periods. “Performance Periods” means the time period designated by the Company’s Compensation Committee for each Long-Term Award.
Performance Periods. The Performance RSUs shall have three annual performance periods as follows: Annual Performance Period #1: One (1) calendar year starting on the Grant Date Annual Performance Period #2: One (1) calendar year immediately following Annual Performance Period #1 Annual Performance Period #3: One (1) calendar year immediately following Annual Performance Period #2 • Example: If the Grant Date is November 30, 2020 then Annual Performance Period #1 would run from November 30, 2020 through November 29, 2021 and Annual Performance Period #2 would run from November 30, 2021 through November 29, 2022.
Performance Periods. The number of Awarded Shares that are earned and thereafter subject to vesting (the “Earned Shares”) shall be determined by the Compensation Committee, in its sole and absolute discretion, in accordance with Exhibit A, based upon the Company’s achievement relative to the applicable Performance Targets (i) for fifty percent of the Awarded Shares (the “One Year Awarded Shares”) during the period commencing on January 1, 2014 and ending on December 31, 2014, and (ii) for fifty percent of the Awarded Shares (the “Three Year Awarded Shares”) during the period commencing on January 1, 2014 and ending on December 31, 2016 (each a “Performance Period”, and together the “Performance Periods”). Upon the determination that some number of the One Year Awarded Shares are Earned Shares, subject to Section 11, 25% of the Earned Shares that are One Year Awarded Shares shall be vested, and upon the determination that some number of the Three Year Awarded Shares are Earned Shares, subject to Section 11, all of the Earned Shares that are Three Year Awarded Shares shall be vested. For the avoidance of doubt, the One Year Awarded Shares and Three Year Awarded shall be automatically forfeited in their entirety if their respective Performance Target is not achieved at least at the minimum threshold level.
Performance Periods. (a) Subject to the terms and conditions of this Agreement, 50% of the Target Number (the “2014/2015 Target Number”) shall have a one-year performance period, consisting of the period beginning October 1, 2014 and ending September 30, 2015 (the “2014/2015 Performance Period”), after which the 2014/2015 Target Number of Restricted Stock Units, if and when vested, will be paid in Shares. At the end of the 2014/2015 Performance Period, the value of the 2014/2015 Target Number of Restricted Stock Units that vest as provided in Section 4 of this Agreement, and are paid as provided in Section 5 of this Agreement, shall not exceed any maximum limits set by the Board of Directors pursuant to its resolutions adopted on August 18, 2014, or otherwise contained in the Plan.
(b) Subject to the terms and conditions of this Agreement, the remaining 50% of the Target Number (the “2014/2018 Target Number”) shall have a four-year performance period, consisting of the period beginning October 1, 2014 and ending September 30, 2018 (the “2014/2018 Performance Period”), after which the 2014/2018 Target Number of Restricted Stock Units, if and when vested, will be paid in Shares. At the end of the 2014/2018 Performance Period, the value of the 2014/2018 Target Number of Restricted Stock Units that vest as provided in Section 4 of this Agreement, and are paid as provided in Section 5 of this Agreement, shall not exceed any maximum limits set by the Board of Directors pursuant to its resolutions adopted on August 18, 2014, or otherwise contained in the Plan.
Performance Periods. The “Performance Periods” mean the separate performance periods for (a) 50% of the total Performance Share Units, based upon satisfaction of the cash flow from operations performance measure, as set forth on Exhibit B, (the “First Performance Period”) and (b) 50% of the Performance Share Units, based upon satisfaction of the relative TSR performance measure, as set forth on Exhibit C (the “Second Performance Period”)
Performance Periods. The Performance Period with respect to each Performance Award will be such period of time commencing with the date of grant as is determined by the Committee on the date of grant.
