Cumulative Performance Period definition

Cumulative Performance Period shall comprise the period commencing on January 1, [●] and ending on December 31, [●]. Under this Agreement, the following three Performance Periods shall apply to the Performance Goal based on Cash Flow: • The First Performance Period; • The Second Performance Period; and • The Third Performance Period.

Cumulative Performance Period means, as applicable (i) the period from the Grant Date to December 31, 2019, and (ii) the period from the Grant Date to December 31, 2020.

Cumulative Performance Period means, as applicable (i) the period from the Grant Date to December 31, 2022, and (ii) the period from the Grant Date to December 31, 2023.

Examples of Cumulative Performance Period in a sentence

• Except as otherwise provided in Section 5 or pursuant to the Stock Plan, the vesting of the 2024 LTIP Units (PB) requires Continuous Service through the last day of the Cumulative Performance Period as a condition to the vesting of the 2024 LTIP Units (PB).

• Vested 2024 LTIP Units (PB) shall be entitled to receive the full distribution payable on Units outstanding as of the record date next following the last day of the Cumulative Performance Period, whether or not they will have been outstanding for the whole period.

• The determination by the Committee with respect to the achievement of absolute and relative TSR will be made in the first sixty days following the end of the respective Calendar and Cumulative Performance Period after all necessary Company and peer information is available.

• Total Shareholder Return (“TSR”) through the Calendar or Cumulative Performance Period is based on the comparison of the average closing share price for the thirty (30) business days prior to start of the applicable Calendar or Cumulative Performance Period and the average closing share price for the last thirty (30) business days in the applicable Performance Period, adjusted for dividends.

• If, after giving effect to the Absolute TSR Cap and the Relative TSR Modifier, the percentage of the Grantee’s 2024 LTIP Unit (PB) that will become vested as of the end of the Cumulative Performance Period exceeds 100%, then 2024-2 LTIP Units (PB) shall be granted and issued as of the vesting date pursuant to Section 3(b) above shall be immediately vested upon such grant and issuance.

More Definitions of Cumulative Performance Period

Cumulative Performance Period means the two-year period beginning with the 2015 Fiscal Year and ending with the 2016 Fiscal Year.

Cumulative Performance Period means the two-year period beginning with the 2018 Fiscal Year and ending with the 2019 Fiscal Year.

Cumulative Performance Period means, the period commencing on (and including) January 1, 2024 and concluding on (and including) the earliest of (a) December 31, 2026 or (b) the date of a Change of Control.

Cumulative Performance Period means, the period commencing on (and including) January 1, 2021 and concluding on (and including) the earliest of (a) December 31, 2023 or (b) the date of a Change of Control.

Cumulative Performance Period means the [•]-year period ending [•].

Cumulative Performance Period means the [ ]-year period beginning on [date] and ending on [date].

Cumulative Performance Period means, as applicable (i) the period from the Grant Date to December 31, 2022, and (ii) the period from the Grant Date to December 31, 2023. “Fiscal Year” shall mean the 12-consecutive-month period beginning on January 1 and ending on December 31, so that, by way of example, Fiscal Year 2020 shall mean the 12-consecutive-month period beginning on January 1, 2020 and ending on December 31, 2020. “Index” means the Xxxxxxx Microcap Index, as issued by Xxxxxxx Investments, Inc., or, if such Index is no longer published or the Committee determines that such Index no longer appropriately represents the Company’s peer group (as measured by market capitalization), such other index as the Committee shall determine in its sole discretion. “Performance Period” means the Annual Performance Period and/or the Cumulative Performance Period, as applicable. “Severance Period” shall mean the period following the termination of the Grantee’s employment by the Company during which the Grantee is entitled to continue to receive his or her base compensation pursuant to a written severance agreement.