Vesting and Performance Criteria Sample Clauses

Vesting and Performance Criteria. The Corporation shall measure the “ROIC” (as hereafter defined) and the “EBITDA” (as hereafter defined) over the Performance Period for purposes of determining the number of PSUs that will vest in a Participant. The percentage of the PSUs that will vest as at the end of the Vesting Period shall be determined as illustrated in the diagram below: Percentage of PSUs that will vest (Range ●% to ●%) = ROIC Performance Factor (Percentage Vesting based on ROIC results x 50% (ROIC Weighting Factor)) + EBIDTA Performance Factor (Percentage Vesting based on EBITDA results x 50% (EBITDA Weighting Factor)) The Corporation will establish ROIC and EBITDA targets for each Performance Period at or within the first three months of the beginning of the Performance Period. Following the completion of the Performance Period the Corporation will determine the actual ROIC and EBITDA over the Performance Period. The percentage of PSUs eligible for vesting based on ROIC results shall be determined as provided in the following table, and then multiplied by the ROIC Weighting Factor. The percentage of PSUs eligible for vesting based on EBITDA results shall be determined as provided in the following table, and then multiplied by the EBITDA Weighting Factor. The ROIC Performance Factor and the EBITDA Performance Factor by which the number of vested PSUs is to be calculated shall be prorated between the minimum, target and maximum thresholds depending on actual performance. The ROIC Weighting Factor for the Performance Period and the Vesting Period shall be 50%. The EBITDA Weighting Factor for the Performance Period and the Vesting Period shall be 50%. The ROIC Performance Factor may range from ●% to ●%. The EBITDA Performance Factor may range from ●% to ●%. As a result, the range of the potential percentage of PSUs that will vest will be from ●% to ●%, with the top end achieved if the maximum possible ROIC Performance Factor is achieved and the maximum possible EBITDA Performance Factor is achieved. The number of PSUs that vest, as determined pursuant to the foregoing, shall, unless the Board or Committee otherwise determine, subject to the provisions of Article 7 of the Plan, be subject to the condition that the Participant remains Employed by the Corporation or an Affiliate at the expiry of the Vesting Period. All PSUs referred to in Section 4.2 of the Plan in respect of the PSUs granted or awarded to Participants pursuant to Section 3.1 of the Plan shall vest at the time when the ...
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Vesting and Performance Criteria 

Related to Vesting and Performance Criteria

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Continuity of Service and Performance Unless otherwise agreed in writing, the Parties shall continue to provide service and honor all other commitments under this Agreement during the course of a Dispute with respect to all matters not subject to such Dispute.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Continued Performance The Contractor and Contractor Parties shall continue to Perform their obligations under the Contract while any dispute concerning the Contract is being resolved.

  • Excused Performance 6.1 Notwithstanding the occurrence of a Force Majeure Event, in which case Clause 17 will govern, BT will not be liable for any failure or delay to perform any of its obligations under this Agreement (including any of its obligations to meet any Service Levels) to the extent that BT’s failure or delay in performing arises as a result of: 6.1.1 any failure or delay by the Customer to perform any of the Customer’s obligations under this Agreement; 6.1.2 any act or omission other than on the part of a BT Affiliate or a subcontractor or supplier appointed by it unless that BT Affiliate, subcontractor or supplier has invoked their force majeure rights under their contract with BT; or 6.1.3 Applicable Law, a court order, an application for interlocutory relief or injunction restricting or preventing BT from supplying a Service.

  • KEY PERFORMANCE INDICATORS 10.1 The Supplier shall at all times during the Framework Period comply with the Key Performance Indicators and achieve the KPI Targets set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators).

  • Full Performance The Owner and the Contractor hereby agree to the full performance of the Contract Documents.

  • Continuing Performance (a) The obligations under this Agreement continue until satisfied in full and do not merge with any action performed or document executed by any Party for the purposes of performance of this Agreement. (b) Any representation in this Agreement survives the execution of any document for the purposes of, and continues after, performance of this Agreement. (c) Any indemnity given by any Party under this Agreement: (i) constitutes a liability of that Party separate and independent from any other liability of that Party under this Agreement or any other agreement; and (ii) survives and continues after performance of this Agreement.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.

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