Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.
Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.
Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.
Performance Assurance means collateral in the form of cash or letters of credit, or other security acceptable to the requesting Party.