Maximum Goal definition

Maximum Goal means, as to either the TSR or CAFD performance level that the Company must achieve in order for two hundred percent (200%) of the TSR Target Award or the CAFD Target Award, as the case may be, to vest and become nonforfeitable.

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Maximum Goal means, as to either TSR or ROCE, the performance level that the Company must achieve in order for one hundred fifty percent (150%) of the TSR Target Award or the ROCE Target Award, as the case may be, to vest and become nonforfeitable.

Maximum Goal is met when both (i) during the Performance Period, the Closing Price equals or exceeds $75.00 on either (1) five consecutive trading days or (2) ten non-consecutive trading days (such full condition in (i), the “Maximum Price”) and (ii) Participant continues in service of the Company or an Affiliate as any of an Employee, a Consultant or a Director for the Service Period. Upon achievement of the Maximum Goal, the Maximum PRSUs shall vest on the last day of the Service Period.

Examples of Maximum Goal in a sentence

Upon achievement of the Maximum Goal, the Maximum PRSUs shall vest on the last day of the Service Period.
The Participant may earn up to two hundred percent (200%) of the Target Award if the Company achieves the Maximum Goal established by the Committee for the Target Award.
The Participant may earn up to two hundred percent (200%) of the Target Award if the Company achieves the Maximum Goal established by the Committee for both the TSR and the CAFD components of the Target Award.
The Board of Directors determines the Performance Bonus for the results between the Minimum and Objective Goals, and for the Maximum Goal or a better one.
If the Company attains the Objective Goal, the Performance Bonus for the President and Executive Representative level, may not exceed 30% of the annual salary amount being accrued, and if attaining the Maximum Goal, payment may not exceed 60%.
The Participant may earn up to two hundred percent (200%) of the Target Award if the Company achieves the Maximum Goal established by the Committee for both the TSR and AEG components of the LTIP.
Performance Level Performance Period 1*($M) Performance Period 2**($M) Extended Performance Period***($M) Threshold Goal 134 204 204 Target Goal 150 219 224 Maximum Goal — 234 234 * Performance Period 1 represents the period of time from April 30, 2012 through April 29, 2013.
The Participant may earn up to two hundred percent (200%) of the Target Award if the Maximum Goal established by the Committee for the Target Award is achieved.
The Board of Directors will determine the Performance Bonus based on results obtained between the Minimum and Objective Goals and for the Maximum Goal and better.
For example, if during the Performance Period the Target Goal is met and the Target PRSUs vest and subsequently the Maximum Goal is met, the total number of PRSUs that are vested upon achievement of the Maximum Goal (including the previously vested Target PRSUs) is the Maximum PRSUs (not the Maximum PRSUs plus the Target PRSUs).

More Definitions of Maximum Goal

Maximum Goal means the Adjusted CAFD Growth performance level that the Company must achieve in order for two hundred percent (200%) of the Target Award to vest and become nonforfeitable.

Maximum Goal means an outstanding level of performance of the Company, a Subsidiary or a Division during a Performance Period for which a Performance Award is granted, as determined by the Committee at the time such Performance Award is granted.

Maximum Goal means the CAFD performance level SemCAMS must achieve in order for two hundred percent (200%) of the Target Award to vest and become nonforfeitable.

Maximum Goal means, as to either TSR or AEG, the performance level that the Company must achieve in order for two hundred percent (200%) of the TSR Target Award or the AEG Target Award, as the case may be, to vest and become nonforfeitable. “Peer Group” means Exhibit A attached hereto. A company that ceases to be publicly traded at any time prior to the end of the Performance Period shall cease to qualify as a member of the Peer Group. “Performance Goal” means, as to either TSR or AEG, the Threshold Goal, the Target Goal and the Maximum Goal described under Section 5 hereof. “Performance Period” has the meaning set forth in Section 3 hereof. “Retirement” shall mean a termination of the Participant's Service when (i) the Participant is age sixty-five (65) or older or (ii) the Participant is age fifty-nine and half (59 ½) or older but not yet age sixty-five (65) and has not less than five (5) full years of Service. “Target Award” has the meaning set forth in Section 1 hereof. “Target Goal” means, as to either TSR or AEG, the performance level that the Company must achieve in order for one hundred percent (100%) of the TSR Target Award or the AEG Target Award, as the case may be, to vest and become nonforfeitable. EXHIBIT 10.34 “Threshold Goal” means, as to either TSR or AEG, the minimum performance level that the Company must achieve in order for fifty percent (50%) of the TSR Target Award or the AEG Target Award, as the case may be, to vest and become nonforfeitable. “TSR” or “Total Shareholder Return” for the Company, or any member of the Peer Group during the Performance Period, means the percentage (to the third decimal place) derived from a fraction the numerator of which is the change (positive or negative) in the average price of a share of the entity's publicly traded stock during the Performance Period based on comparing the average closing price of such share for the twenty (20) trading days preceding the first trading day of the Performance Period with the average closing price of such share for the twenty (20) trading days ending on the last trading day of the Performance Period, plus any dividends paid on the share during the period (assuming such dividends are reinvested into additional shares of such stock as of the ex-dividend date of such dividend), and the denominator of which is the price of the share at the close of business on the first trading day of the Performance Period. “TSR Target Award” has the meaning set forth in Section 1 hereof. 12.