Performance Achievement definition

Performance Achievement means, for each applicable Performance Period, the Corporation’s adjusted net income, which consists of the consolidated net income of the Corporation and its subsidiaries, determined in accordance with U.S. Generally Accepted Accounting Principles, before adjustment for income tax expense; extraordinary items related to acquisition, restructuring and related charges, net of tax; and other extraordinary items and any other unusual or non-recurring items of loss or expense, net of tax, as reflected in the applicable Financial Statement(s) for such Performance Period; provided, that the Committee may, in a manner consistent with Section 162(m) of the Code, in an objectively determinable manner and in accordance with
View Source
Performance Achievement means the Company’s written determination of the actual amount of Bookings for the applicable measurement period. In the event the Company is acquired (as determined by the Company in its sole discretion) prior to the last day of the measurement year (FY_____), the Performance Achievement will be deemed to be the Target Bookings and the award (at the target level) will convert to a standard time-based vesting award and will vest on the applicable Vesting Date, provided the Participant continues to provide services to the Company through such Vesting Date (and for the avoidance of doubt, the award will be subject to any double trigger acceleration triggers that would otherwise apply to the Participant’s equity awards).
View Source
Performance Achievement for any year means the Percentage Achievement for such year of the Performance Bonus Base for such year;
View Source

Examples of Performance Achievement in a sentence

  • In the case of Partial Performance, Twelve and One-Half Percent (12.5%) of the Shares shall vest on the first anniversary of the Partial Performance Achievement Date, provided the Participant remains employed by the Company in an executive position through such date.

  • In the case of Partial Performance, Twenty-Five Percent (25%) of the Shares shall vest on the last day of the Performance Period (which shall be deemed the “Partial Performance Achievement Date” in the case of Partial Performance) and such Shares shall be promptly issued and delivered by the Company to the Participant, provided the Participant remains employed by the Company in an executive position through such date.

  • For example, a 50% Weighted Average Performance Achievement Percentage will result in delivery of 50% of the Target Shares.

  • Straight-line interpolation shall be used to determine the “Percentage of Target Shares” under the table set forth in Paragraph 2(a) above if the Weighted Average Performance Achievement Percentage is between Threshold and Target and between Target and Maximum.

  • In the case of Partial Performance, Twelve and One-Half Percent (12.5%) of the Shares shall vest on the second anniversary of the Partial Performance Achievement Date, provided the Participant remains employed by the Company in an executive position through such date.

  • For example, if the Company’s TSR Percentile is 47.5%, the Performance Achievement Percentage would be 90%, calculated as follows: 80% + (((47.5% - 45%) / (50% - 45%)) x 20%).

  • The Committee may, in its discretion, adjust the Performance Measure or the Performance Achievement Level as it deems appropriate, based on such factors as the Committee may deem relevant.

  • For example, if Net Sales Growth is 7%, the applicable percentage for this Performance Objective to be used in determining the Weighted Average Performance Achievement Percentage is 75% (50% + ((1% / (8% - 6%)) x 50%).

  • Straight-line interpolation shall be used to determine the “Percentage of Target Shares” in the table above if the Performance Achievement Percentage is between “Threshold” and “Target” and between “Target” and “Maximum.” For example, a 50% Performance Achievement Percentage will result in delivery of 50% of the Target Shares.

  • Specific values for Threshold, Target and Maximum (each, as described below) Performance Achievement Levels shall be set for each Performance Segment at the beginning of each Performance Segment by the Company when its budgets and other incentive targets are approved the Company’s Board of Directors.


More Definitions of Performance Achievement

Performance Achievement means, for any Performance Period, the degree, expressed as a cumulative percentage, of the Participant's actual performance level(s) achieved, calculated from the aggregate of the percentages of achievement the Participant has accomplished with respect to each of his Performance Goals, and determined in accordance with Article VI hereof.
View Source