Performance Adjustment Factor definition

Performance Adjustment Factor means the performance adjustment factor (either upwards or downwards) calculated following the end of the Performance Period in accordance with the Award Agreement.
Performance Adjustment Factor or “PAF” means the multiplier obtained by combining the completion factors from the IBOs of a Participant as determined by the Committee in its sole discretion. The Performance Adjustment Factor can vary from 0% to 100% depending upon the attainment of the Participant’s IBOs.
Performance Adjustment Factor means a number between one and zero based on the achievement of Performance Criteria calculated following the end of the Performance Period in accordance with the Award Agreement;

Examples of Performance Adjustment Factor in a sentence

  • In fact, every major po- sition at the Department of Homeland Security is now held by a temporary appointee not confirmed by the Sen- ate—not confirmed by the Republican- controlled Senate.A major front in President Trump’swar on immigrants has been his attack on Dreamers.

  • The Performance Adjustment Factor will be interpolated on a linear basis for results that fall between the threshold and maximum.

  • These elements include: (a) calculating the annual avoided capacity value of a CT; (b) determining the year in which each utility has its first avoidable capacity need; (c) determining how annual capacity payments are made to the QF supplier; and (d) applying an appropriate Performance Adjustment Factor in calculating the avoided capacity rate to allow the QF to receive full capacity value if its forced outage rate is equivalent to that of the Companies’ overall generation fleets.

  • For the purposes of illustration, the Performance Requirement in Period A2 is 90 percent Capacity Factor and the Performance Adjustment Factor for Period A2 is 2.0. If the actual Capacity Factor in a particular month in Period A2 were 88.5 percent, then Seller would pay Buyer the following Performance Adjustment = (90% – 88.5%) x 2.0 = 1.5% x 2.0 = 3.0 percent of the Maximum Performance Adjustment for that month of XXX Period A2.

  • In order to emphasize quality and durability, the Commonwealth will apply a Performance Adjustment Factor (PAF) as a multiplier to each paint formula bid price prior to selecting the apparent low bid.

  • The value assumes 100% vesting of all PSUs and a Performance Adjustment Factor of 2.0x for PSUs granted during the fiscal year ended December 31, 2020 and a Performance Adjustment Factor of 1.0 for PSUs granted during the fiscal years ended December 31, 2021 and December 31, 2022.(5) For Ms. Feldman, 3,507 of Stock Options granted in 2021 were from the one-time grant on November 23, 2021 and vest one-half on November 23, 2022 and November 23, 2023.

  • Occurrence of a Failure to Supply per Calendar Year Performance Adjustment Factor First (1st) Failure to Supply 1.0 Second (2nd) Failure to Supply 1.0 Third (3rd) Failure to Supply 1.0 Fourth (4th) Failure to Supply 0.9 Fifth (5th) Failure to Supply 0.8 Sixth (6th) Failure to Supply 0.7 Seventh (7th) Failure to Supply 0.6 Eighth (8th) Failure to Supply 0.5 Ninth (9th) Failure to Supply 0 All subsequent Failures to Supply 0 The AESO may net and set-off pursuant to Section 7.7.

  • PSU Awards Vesting in 2022 The PSUs granted on March 8, 2019 vested on March 8, 2022 based on Adjusted Operating EBITDA performance over the period from January 1, 2019 to December 31, 2021, which resulted in a Performance Adjustment Factor of 1.35 as calculated in the following table.

  • The proposal by DEC/DEP witnesses Bowman and Snider and DNCP 22 witnesses Williams and Petrie to reduce the Performance Adjustment Factor 23 (“PAF”) to 1.05.

  • Notes:(1) Value that would have been realized if Stock Options that vested during 2022 had been exercised on December 31, 2022.(2) Vested Share-based awards include PSUs granted in 2020 that vested on March 16, 2023 using a Performance Adjustment Factor of 2.0x and the selling price at vesting of $22.97.

Related to Performance Adjustment Factor

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.