Business Goals definition

Business Goals means a Participant’s goals used in determining the Participant’s Individual Performance Factor for a Plan Year. Business Goals are agreed to in the beginning of each Plan Year and recorded in the Company’s performance management system. Each Business Goal is subject to review and approval by the Committee before a Bonus is calculated and paid.
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Business Goals means a Participant’s goals used in determining the Participant’s Individual Performance Factor for a Plan Year. Business Goals are agreed to in the beginning of each Plan Year
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Business Goals means the (i) reduction or elimination of the liability risk associated with short-term, ▇▇▇▇-to-market financing for those applicable assets, (ii) sale, upgrade of the ratings or improvement of the marketability of some or all of the Company's mortgage-backed securities, (iii) focus on and/or implementation of a successful resolution strategy for the Cityscape mortgage-backed securities position, (iv) completion and closure of the "P.O." deal, subject to acceptable structure, (v) exploration and provision of advice to the Company on the process of launching a collateralized bond obligation or other form of long-term financing or take- out strategy for the mortgage-backed securities portfolio and (vi) demonstration of the ability to functionally work fifty (50%) of the time away from the Portland Office (as a result of being based in the New York City Office and traveling on behalf of the Company). Notwithstanding anything in this Section 4(a) to the contrary (i) Sections 4(b) and 4(c) hereof shall not apply to the Initial Period Bonus and (ii) Executive shall be entitled to retain the payments made to him in the amounts of $112,500, $29,496 and $200,000. The foregoing Initial Bonus shall be payable without respect to the remainder of this subsection. For each 12 month period commencing on October 1, 2000 (each, an "Annual Period"), Executive shall be entitled to receive an annual bonus (the "Bonus") of $850,000. Of such Bonus Amount, $725,000 will be a minimum guaranteed bonus payable on a quarterly basis on the first payroll date following the quarter for which such minimum guaranteed bonus is earned, and paid in accordance with the Company's usual payroll practices. The remaining $125,000 will be treated as an incentive bonus and will be payable quarterly on the first payroll date following the quarter for which such incentive bonus is earned, and paid in accordance with the Company's usual payroll practices, subject to the attainment of the performance goals set forth below, if so certified as attained by the Company's Compensation Committee. An award of the incentive bonus portion of the Bonus shall be prorated as outlined below based on the achievement of a certain number of the following performance goals also outlined below which may be modified for the next Annual Period upon mutual consent of the Executive on one hand and by the Company on the other hand, based upon the recommendation of the Company's Compensation Committee. A separate incentive ...
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Examples of Business Goals in a sentence

  • The Executive shall receive an Incentive Bonus equal to the target dollar amount if the Financial and Business Goals are met.

  • To the extent the Company exceeds the Financial and Business Goals by up to 25%, the Board of Directors will increase the target dollar amount by up to 50%, or, if the Company fails to meet the Financial and Business Goals by no more than 20%, the Board of Directors may reduce the target dollar amount to a number no lower than 80% of such target dollar amount.

  • If more than two of the Financial and Business Goals are missed by more than 20%, the Company shall not be required to pay any award.

  • The Executive shall be eligible to receive ----------------- incentive bonuses (the "Incentive Bonus") on an annual basis, based on meeting financial performance criteria ("Financial and Business Goals") for the Company with respect to revenue growth, cash flow and other financial criteria agreed upon in advance each year by the Executive and the Company.

  • For the purposes of estimating Small Business Goals only, the value of the RRSW “IDIQ MAXIMUM ORDERING VALUE” is $200 million.

  • A summary and assessment of DBE and ESB participation of the past Contract Year and total to date progress made toward achieving the Construction Work Small Business Goals.

  • Expectations Define Services Req'ts Perform DFSS Studies Define/Record Interfaces ------------------------- --------------------------- --------------------------- ---------------------------- * 120 * 210b * 320 * 410 ------------------------- --------------------------- --------------------------- ---------------------------- ------------------------- --------------------------- --------------------------- ---------------------------- Establish Business Goals Generate Prel.

  • The final report shall include a summary report of total DBE and ESB participation toward achieving each of the Construction Work Small Business Goals.

  • The Initial Period Bonus shall be paid to Executive upon materially achieving, to the Company's satisfaction, a majority of the Business Goals (as defined below) during the Initial Bonus Period.

  • Collectively, the Construction Work Small Business Goals, the Operating Period Small Business Goals and the Workforce Development Goals (each as separately defined in Sections 6.2 and 6.3 of this Schedule 15) are referred to herein as the “Small Business and Workforce Goals”.


More Definitions of Business Goals

Business Goals means the (i) reduction or elimination of the liability risk associated with short-term, ▇▇▇▇-to-market financing for those applicable assets, (ii) sale, upgrade of the ratings or improvement of the marketability of some or all of the Company's mortgage-backed securities, (iii) focus on and/or implementation of a successful resolution strategy for the Cityscape mortgage-backed securities position, (iv) completion and closure of the "P.O." deal, subject to acceptable structure, (v) exploration and provision of advice to the Company on the process of launching a collateralized bond obligation or other form of long-term financing or take-out strategy for the mortgage-backed securities portfolio and (vi) demonstration of the ability to functionally work fifty percent (50%) of the time away from the Portland Office (as a result of being based in the New York City Office and traveling on behalf of the Company). Notwithstanding anything in this Section 4(a) to the contrary (i) Sections 4(b) and 4(c) hereof shall not apply to the Initial Period Bonus and (ii) Executive shall be entitled to retain the payments made to him in the amounts of $112,500 and $29,496."
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Related to Business Goals

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of items that are “unusual” in nature or occur “infrequently” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of Common Stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; and (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Award Agreement or the written terms of a Performance Cash Award.

  • Objectives means a specific statement of planned accomplishments or results that are specific, measurable, attainable, realistic, and time-limited.

  • Specific goals means specific goals as contemplated in section 2(1)(d) of the PPPFA which may include contracting with persons, or group of persons, historically disadvantaged by unfair discrimination on the basis of race, gender and disability including the implementation of programmes of the Reconstruction and Development Programme as published in Government Gazette No. 16085 dated 23 November 1994.

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;