Achievement Ratio definition

Achievement Ratio for a fiscal year shall be determined on the basis of the value of the Performance Metric for such year as compared to the Performance Targets described below. For values of the Performance Metric between the amounts indicated for Achievement Ratios of 50% and 100%, the Achievement Ratio shall be determined by linear interpolation. For values of the Performance Metric below the amount indicated for an Achievement Ratio of 50%, the Achievement Ratio shall be zero.
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Examples of Achievement Ratio in a sentence

  • For the avoidance of doubt, in the event that the Achievement Ratio is greater than 1.0 for any year, the Performance Option shall become exercisable for an incremental percentage of the Shares subject to such Option that did not become exercisable in any preceding year (commencing with immediately preceding year) as a result of the Achievement Ratio for any such preceding year being less than 1.0. For purposes of this Section 3.1 the “Achievement Ratio” for each fiscal year shall be defined in Exhibit A.

  • For all other values of the Performance Metric, the Achievement Ratio shall be determined by linear interpolation using the Achievement Ratios for the Minimum Performance Standard and the Management Plan.

  • For clarity, if by the end of 2001, Executive accomplished 95% of the Goals established for 2011, Executives Goal Achievement Ratio would be 95%.

  • During each of these first two fiscal years, provided that after taking the expense related to all executive bonuses into consideration Company generates a positive GAAP pre-tax profit, the Executive shall be eligible for an annual bonus equal to 50% “Bonus Factor” multiplied by the sum of ([Executive’s Base Salary for the year under review] multiplied by [Executive’s Goal Achievement Ratio for the year under review]).

  • If the value of the Performance Metric equals the amount indicated for the Management Plan, the Achievement Ratio shall equal 100%.

  • For values of the Performance Metric below the amount indicated for the Minimum Performance Standard, the Achievement Ratio shall be zero.

  • Provided the Cumulative EBITDA Achievement Ratio through the end of the 1999 Fiscal Year is at least 1.0, Executive's Base Salary shall be increased for the 2000 Fiscal Year to $270,000.

  • Provided the Cumulative EBITDA Achievement Ratio through the end of the 2000 Fiscal Year is at least 1.0, Executive's Base Salary shall be increased for the 2001 Fiscal Year to $410,000.

  • Notwithstanding the preceding sentence, at the end of the Gap Period a number of Options equal to the product of 275 5/9 and the EBITDA Achievement Ratio for the Gap Period shall also vest and the number of Options that would have vested as of the end of the 1999 Fiscal Year pursuant to the preceding sentence shall be reduced by the number of Options that vest at the end of the Gap Period pursuant to this sentence.

  • Provided the Cumulative EBITDA Achievement Ratio through the end of the 1999 Fiscal Year is at least 1.0, Executive's Base Salary shall be increased for the 2000 Fiscal Year to $385,000.