Scheduled Orbital Performance Incentives Sample Clauses

Scheduled Orbital Performance Incentives. Purchaser shall, promptly after receipt of the Summary In-Orbit Test Report, assess the condition of the Satellite based on the Summary In-Orbit Test Report and early operations experience to determine whether, and to the extent that, Contractor has earned the Scheduled Orbital Performance Incentive. Subject to Article 13.2.7, Contractor shall have earned the Scheduled Orbital Performance Incentive (or portion thereof as set forth below) as of the date that is ninety (90) days after Launch (or thirty (30) days after receipt by Purchaser of the Summary In-Orbit Test Report, whichever occurs later) (the “Scheduled OPI Commencement Date”) according to the following formula: Scheduled Orbital Performance Incentive amount earned = Scheduled OPI Amount × Percentage of Performance Earned × Percentage of Satellite Stated Life where the “Scheduled OPI Amount” is identified in Exhibit F under the column titled “Scheduled Orbital Performance Payments,” “Percentage of Performance Earned” is calculated in accordance with Articles 13.2.1 and 13.2.3, and the “Percentage of Satellite Stated Life” is the smaller of one hundred percent (100%) of the Satellite Stated Life or the actual predicted Satellite life divided by fifteen (15) years; provided, however, that the Scheduled Orbital Performance Incentive shall not be paid if the Percentage of Performance Earned multiplied by the Percentage of Satellite Stated Life as calculated above is less than ninety percent (90%). [Use or disclosure of the data contained on this page is subject to the restrictions set forth in this Contract.]
Sample 1
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Related to Scheduled Orbital Performance Incentives

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • KEY PERFORMANCE INDICATORS (a) The Custodian and the Funds may from time to time agree to document the manner in which they expect to deliver and receive the services contemplated by this Agreement. The parties agree that any such key performance indicators (hereinafter referred to as “KPIs” or, individually as a “KPI”) shall be agreed upon in writing by the parties and shall be reflected in one or more schedules to this Agreement. The Custodian and the Funds acknowledge that any failure to perform in accordance with KPIs shall not in and of itself be considered a breach of contract that gives rise to contractual or other remedies provided that such failure may be a breach giving rise to contractual or other remedies if it is persistent and not remedied after consultation. Nothing in this Section 11 shall modify any party’s applicable standard of care under this Agreement; nor shall any meeting or discussion among the parties regarding KPIs be construed to prevent a party from pursuing any remedy otherwise available to it pursuant to this Agreement.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Payout In order to receive any award under this Agreement, Recipient must be employed by the Company on December 31, (the “Vesting Date”), except as provided by Sections 3.2, 3.3, 3.4, 3.5 and 4.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Performance Standard Consultant represents and warrants that Services will be performed in a thorough and professional manner, consistent with high professional and industry standards by individuals with the requisite training, background, experience, technical knowledge and skills to perform Services.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Performance Termination Commencing with the expiration of Fiscal Year 2014, in the event that Adjusted NOI does not equal or exceed the Performance Threshold, then the Tenant shall have the option to terminate this Agreement by providing a ninety (90) day written notice to the Management Company. To terminate this Agreement, Tenant must deliver written notice of such election to Management Company no later than sixty (60) days following Tenant’s receipt of the annual financial reports for such Fiscal Year.

  • Performance Objectives Subject to the terms of this Agreement, the Participant’s interest in the Stock Award shall vest and become transferable in accordance with paragraphs 3, 4 and 5 and Exhibit I based on the Company’s Compounded Annual Growth Rate TSR for the applicable measurement period relative to the Compounded Annual Growth Rate TSR for the applicable measurement period for the companies (other than the Company) listed in the NAREIT Hotel Index.

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