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.
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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.
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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;
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Examples of Performance Adjustment Factor in a sentence

  • The range of the Bank Performance Adjustment Factor for the CEO with respect to the Earnings Per Share Measure is set forth on Schedule 3A.

  • The range of the Bank Performance Adjustment Factor for all Participants other than the CEO with respect to the Earnings Per Share Measure is set forth on Schedule 3B.

  • The Individual Performance Adjustment Factor will not be applicable to the CEO.

  • The Bank Performance Adjustment Factor may be adjusted upward or downward within the parameters set forth on Schedule 3, 3A and 3B based upon the performance of the Holding Company as to a given performance criteria set forth in the Bank Performance Goals.

  • For certainty, in the event the Performance Adjustment Factor is equal to zero, no PSUs will vest.

  • The Award for all Participants other than the CEO will be derived from the product of the Participant’s Target Award multiplied by the combined Bank and Peer Performance Adjustment Factor and multiplied by the Individual Performance Adjustment Factor.

  • Upon the first day immediately following the end of the Performance Period, PSUs represented by the PSU Balance as at such date shall Vest subject to the terms hereof, with the number of Vested PSUs being equal to the PSU Balance as at such date multiplied by the Performance Adjustment Factor as determined by the Board in accordance with the Award Agreement.

  • For all Participants other than the CEO, the Individual Performance Adjustment Factor may be adjusted upward or downward within the parameters set forth on Schedule 5 based upon an evaluation of their achievement of individual Performance Goals and Objectives for the Plan Year.

  • The PSUs granted to a Participant under an Award Agreement and Section 4.1 (and the related Dividend Equivalent Units credited in respect of such PSUs) shall become Vested PSUs only upon the Board’s determination with respect to the Performance Adjustment Factor in accordance with the Award Agreement applicable to such PSUs or have been waived in accordance with Section 4.1.7.

  • For all Participants other than the CEO, the Individual Performance Adjustment Factor may be adjusted upward or downward within the parameters set forth on Schedule 4 based upon an evaluation of their achievement of individual Performance Goals and Objectives for the Plan Year.


More Definitions of Performance Adjustment Factor

Performance Adjustment Factor means the percentage multiple determined by the Company’s decile ranking, relative to the members of the Peer Group during the applicable Measurement Period, on each of the two Performance Measures, equally weighted. A matrix is attached to that Participant’s Cover Sheet by which the applicable Performance Adjustment Factor for each Participant based on the Participant’s Category is determined.
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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.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Multiplier means the Multiplier specified in the Table.

  • 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.