Common use of Time of Establishment of Performance Goals Clause in Contracts

Time of Establishment of Performance Goals. With respect to a Covered Employee, a Performance Goal for a particular Performance Stock Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 12 contracts

Samples: Viasat Inc, Independence Contract (Independence Contract Drilling, Inc.), Rex Energy Corp

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Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Stock Award or Performance Unit Annual Incentive Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 5 contracts

Samples: Rex Energy Corp, Rex Energy Corp, Quanex Corp

Time of Establishment of Performance Goals. With respect to a Covered Employee, a Performance Goal for a particular Performance Stock Award or Performance Unit Award must be established by the Compensation & Management Development Committee of the Board prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 3 contracts

Samples: Newfield Exploration Co /De/, Newfield Exploration Co /De/, Newfield Exploration Co /De/

Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Stock Share Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (ai) 90 days after the commencement of the period of service to which the Performance Goal relates or (bii) the lapse of 25 twenty-five percent (25%) of the period of service, and in any event while the outcome is substantially uncertainuncertain (such earlier date, the “Performance Goal Establishment Date”).

Appears in 2 contracts

Samples: Weatherford International LTD, Weatherford International LTD

Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Stock Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 2 contracts

Samples: Quanex Corp, Quanex Corp

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Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Stock Share Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent (25%) of the period of service, and in any event while the outcome is substantially uncertainuncertain (such earlier date, the “Performance Goal Establishment Date”).

Appears in 1 contract

Samples: Energy Hunter Resources, Inc.

Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Cash Award, Performance Stock Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 1 contract

Samples: Grant Prideco Inc

Time of Establishment of Performance Goals. With respect to a Covered Employee, a A Performance Goal for a particular Performance Stock Share Award or Performance Unit Award must be established by the Committee prior to the earlier to occur of (a) 90 days after the commencement of the period of service to which the Performance Goal relates or (b) the lapse of 25 percent of the period of service, and in any event while the outcome is substantially uncertain.

Appears in 1 contract

Samples: Weatherford International LTD

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