Interim Performance Period definition
Examples of Interim Performance Period in a sentence
The Interim Performance Period will end when the regional projects described below are completed.
During this Routine Operations - Interim Performance Period, flows to STA-1E may be higher than anticipated in the EAA Regional Feasibility Study for the WY2006-2009 period, resulting in less than optimal STA performance.
The resulting amount shall then be reduced by any amount previously paid to you for an Interim Performance Period and the remainder will be paid by Piedmont 90 days after your termination of employment occurs.
Except as otherwise provided in this Section 4, you will not be entitled to any portion of the LTIP Award with respect to an Interim Performance Period ending after your termination of employment.
Payment for the Annual Performance Period shall be based upon objectives and schedules in effect immediately before the Commencement Date and such payment will be based on year-to-date achievements against year-to-date target achievements less payment, if any, for the Interim Performance Period.
Subject to Section 4 hereof, the percentage (if any) of your Target Amount that is payable with respect to an Interim Performance Period shall be paid by Piedmont in the calendar year after the end of such Interim Performance Period.
The threshold, target and maximum Performance Levels applicable to your LTIP Award are based on Piedmont's Total Shareholder Return (“TSR”) for the applicable Interim Performance Period relative to the TSR of the companies in Piedmont's Peer Group.
The Semi-Annual Bonus for the Interim Performance Period, if any, shall be paid to Executive during 2009 and the Semi-Annual Bonus for the Annual Performance Period, if any, shall be paid to Executive no later than March 15, 2010.
The Interim Performance Period will begin when the three flow-ways have completed their stabilization phases.