Common use of Performance Standards; Underperformance Clause in Contracts

Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief Executive Officer and President, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President and Executive shall meet in order for the President to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement.

Appears in 9 contracts

Samples: Executive Employment Agreement (Sun Energy Solar Inc), Executive Employment Agreement (Sun Energy Solar Inc), Executive Employment Agreement (Sun Energy Solar Inc)

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Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief Executive Officer and PresidentOfficer, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive OfficerExecutive, President and Executive shall meet in order for the President to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Sun Energy Solar Inc), Executive Employment Agreement (Sun Energy Solar Inc)

Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief Executive Officer and PresidentBoard of Directors, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive OfficerExecutive, President and Executive Board of Directors shall meet in order for the President Chief Executive to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Sun Energy Solar Inc), Executive Employment Agreement (Sun Energy Solar Inc)

Performance Standards; Underperformance. Within 30 No later than 180 days after the Effective Date, the Company, through its Chief Executive Officer and President, of the Company shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Dateestablishment of performance expectations and standards, and at least annually thereafter, the Chief Executive Officer, President Officer and the Executive shall meet in order for the President Chief Executive Officer to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following the date on which notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Rainmaker Systems Inc), Executive Employment Agreement (Rainmaker Systems Inc)

Performance Standards; Underperformance. Within 30 days after the Effective Date, the Company, through its Chief Executive Officer and PresidentBoard of Directors, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, ) and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive OfficerExecutive, President and Executive Board of Directors shall meet in order for the President Chief Executive to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s 's failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s 's employment under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Sunovia Energy Technologies Inc)

Performance Standards; Underperformance. Within 30 180 days after the Effective Date, the Company, through its Chief Executive Officer and Presidentof the Company, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President CEO and the Executive shall meet in order for the President CEO to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary salary, and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Rainmaker Systems Inc)

Performance Standards; Underperformance. Within 30 180 days after the Effective Date, the Company, through its Chief Executive Officer and President, Board of Directors shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President CEO of Company and Executive shall meet in order for the President CEO of the Company to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary salary, and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Rainmaker Systems Inc)

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Performance Standards; Underperformance. Within 30 180 days after the Effective Date, the Company, through its Chief Executive Officer and Presidentof the Company, shall establish performance expectations and standards, which shall (i) shall be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President CEO and the Executive shall meet in order for the President CEO to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary salary, and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following the date on which notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Rainmaker Systems Inc)

Performance Standards; Underperformance. Within 30 180 days after the Effective Date, the Company, through its Chief Executive Officer and Presidentof the Company, shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Date, and at least annually thereafter, the Chief Executive Officer, President CEO and the Executive shall meet in order for the President CEO to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary salary, and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following the date on which notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 1 contract

Samples: Employment Agreement (Rainmaker Systems Inc)

Performance Standards; Underperformance. Within 30 180 days after the Effective Date, the Company, through its Chief Executive Officer and President, of the Company shall establish performance expectations and standards, which shall (i) be reasonably acceptable to Executive, (ii) may change from time to time as the needs of the Company change, and (iii) shall serve as a basis to evaluate Executive’s performance from time to time. Within six months following the Effective Dateestablishment of performance expectations and standards, and at least annually thereafter, the Chief Executive Officer, President CEO and the Executive shall meet in order for the President CEO to provide a formal evaluation of Executive’s performance. “Underperformance” shall mean Executive’s failure to meet some or all of the then-current performance expectations and standards, and can be the basis for a change in job description, salary and benefits, or termination of Executive’s employment under this AgreementAgreement if such Underperformance is not cured within 60 days’ following the date on which notice of the elements of such Underperformance has been given to Executive by the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Rainmaker Systems Inc)

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