Financial Performance Goals definition
Examples of Financial Performance Goals in a sentence
The district may also terminate the agreement if the OP does not maintain the Financial Performance Goals established in Addendum A-4.
This Article 4 describes the Bonus Compensation to which the Executive shall be entitled, dependent upon the Company’s achievement of its Financial Performance Goals.
Nothing in this Article 4 shall be construed to limit the ability of the Board of Directors to grant a discretionary bonus to the Executive, regardless of the Company’s performance against its Financial Performance Goals.
Except as otherwise provided in this Award Agreement, no RSUs shall be earned and payable with respect to the Award unless the Committee has certified the level of achievement of the Financial Performance Goals.
The number of the Earned Amount of shares that will vest shall be based on the level of achievement of the Financial Performance Goals that the Compensation Committee determines and certifies are met in accordance with the Second 2022 PRSU Award Agreement.
See Exhibits A1 - A5 for Super Bonus award payouts for exceeding Company Financial Performance Goals.
To the extent the Compensation Committee determines the Financial Performance Goals are met, the Earned Amount of shares will be delivered in accordance with the terms of the Second 2022 PRSU Award Agreement and the 2016 Equity Plan.
The metrics for the Financial Performance Goals shall be (a) LTL Adjusted Operating Ratio Improvement (weighted 50%), and (b) LTL Adjusted EBITDA (weighted 50%).
Pursuant to the terms of the 2022 Performance-Based Restricted Stock Unit Award Agreement granted under the 2016 Equity Plan, dated March 7, 2022 (the “Second 2022 PRSU Award Agreement”), Employee was originally eligible to earn a percentage of a target number of shares of XPO common stock equal to 49,759 Pre RXO Spin PRSUs if the Company met a Gating Performance Goal and meets certain Financial Performance Goals (each as defined in the Second 2022 PRSU Award Agreement).
The number of Year 1 TSR Multiplier Units, Year 2 TSR Multiplier Units and/or Year 3 TSR Multiplier Units earned pursuant to this Grant Agreement is a function of the extent to which the applicable performance goal described in the table below (each, a “TSR Multiplier Performance Goal” and collectively, with the Financial Performance Goals, the “Performance Goals”) is achieved.