Company Performance Objectives definition
Examples of Company Performance Objectives in a sentence
The calculation as to whether the Company has met or exceeded the Company Performance Objectives shall be determined in accordance with this Agreement.
In order for Executive to receive a Cash Bonus, the Company must meet 70% achievement of the Company Performance Objectives.
Except as provided in Section 4 of this Agreement, RSU vesting shall be subject to the Company’s standard vesting restrictions applicable to such equity grants, and the Company must meet 70% achievement of the Company Performance Objectives as a condition of vesting.
To the extent Company Performance Objectives are not met for the fiscal year in which the Annual Equity Bonus is awarded, the RSUs awarded for such fiscal year that do not otherwise vest pursuant to this Agreement shall be deemed to have been forfeited as of December 31st of the fiscal year for which the RSUs were awarded.
Performance Units Earned, if any, shall be determined in accordance with the degree of achievement of the Company Performance Objectives, as set forth in Exhibit B, , and as determined and certified by the Committee as of the end of the Incentive Period.
Performance Shares Earned, if any, shall be based upon the degree of achievement of the Company Performance Objectives, all as more particularly set forth in Exhibit B, with actual Performance Shares Earned interpolated between the performance levels shown on Exhibit B.
Executive’s Target Cash Bonus shall be $175,000 (“Target Cash Bonus”), but shall range from 0% to 100% of that amount based upon the satisfaction of the Company Performance Objectives and subject to terms and conditions of the Company’s annual incentive program as in effect from time to time.
Payout of Performance Shares Earned, if any, shall be based upon the degree of achievement of the Company Performance Objectives, all as more particularly set forth in Exhibit B, with actual payouts interpolated between the performance levels shown on Exhibit B.