Performance Assurance Board definition

Performance Assurance Board has the meaning given to that term in the Balancing and Settlement Code;
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Performance Assurance Board means the person for the time being and from time to time appointed pursuant to Part 2 of Schedule 8 as the Performance Assurance Board for the purposes of this Agreement;
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Performance Assurance Board means the Panel (or, where the Panel decides to delegate such functions to a Panel Committee established under , that Panel Committee) when acting pursuant to Annex B-1 and performing the functions described in Section J Zor otherwise ascribed to the performance Assurance Board under the Code; Insert new definitions Performance Assurance Effective Date and Performance Assurance Party after the definition “Performance Assurance Board”
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Examples of Performance Assurance Board in a sentence

  • The responsibilities of the Performance Assurance Board under this Agreement are owed exclusively to Pool Members collectively, and to no other person.

  • Pool Members hereby irrevocably and unconditionally authorise the Performance Assurance Board to appoint and remove, and to agree, amend and substitute the terms of engagement of, the Certification Agent on their behalf and undertake not to withdraw or change that authority.

  • Upon the Performance Assurance Board or (as the case may be) Pool Members in general meeting determining to postpone the date in respect of any GSP Group, the GSP Group Implementation Date for such GSP Group shall be such later date.

  • The Performance Assurance Board shall, unless Pool Members in general meeting otherwise determine, have the right, exercisable at any time before the date determined in accordance with sub-section 3.1 or (as the case may be) this sub-section to be the GSP Group Implementation Date for the relevant GSP Group, to postpone such GSP Group Implementation Date to such later date as the Performance Assurance Board shall determine if it considers that circumstances justify such a postponement.

  • The Performance Assurance Board shall not have the right to delegate the taking of any decision as to whether the Agency Systems of a person (or any of them) should be Certified (or the Certification removed) or a person should be Accredited (or its Accreditation removed).

  • If the Optionee’s employment or other business relationship with the Company and/or its Subsidiaries is terminated by reason of Retirement, this Option may thereafter be exercised, to the extent it was exercisable on the date of such termination, for a period of twelve (12) months from the date of such termination of employment or other business relationship, or until the Expiration Date of the Option, if earlier.

  • In acting as the Performance Assurance Board, the Executive Committee shall have due regard to the collective interests of Pool Members.

  • Subject to Clause 48.11, the Performance Assurance Board shall have the right on behalf of all Pool Members to agree, amend and substitute the terms of engagement of the Certification Agent.

  • Subject to sub-section 3.2, the Performance Assurance Board shall determine (in its absolute discretion) a GSP Group Implementation Date for each GSP Group, unless Pool Members in general meeting otherwise decide in respect of any particular GSP Group.

  • The Performance Assurance Board shall not Certify the Agency System of any person unless the Certification Agent has provided an opinion (not being a disclaimer of opinion, howsoever called) in the terms of paragraph 3.3.4 in relation to that Agency System.


More Definitions of Performance Assurance Board

Performance Assurance Board means the body, appointed by the BSC Panel to deliver the Performance Assurance Framework, pursuant to the Panel's responsibilities under the BSC;
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Related to Performance Assurance Board

  • Performance Assurance means collateral in the form of cash, letters of credit, or other security acceptable to the requesting Party.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Legislative Leadership Committee means a committee established, authorized to be established, or designated by the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, or the Minority Leader of the General Assembly pursuant to N.J.S.A. 19:44A-10.1 for the purpose of receiving contributions and making expenditures.

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • Compliance Committee means the committee referenced under the Federated Code of Business Conduct and Ethics, consisting of, among others, the Chief Compliance Officer, the General Counsel, the Chief Audit Executive and the Chief Risk Officer.

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Performance Bond means the financial security for performance a USF Service Provider must furnish in accordance with section 54 of this RFA;

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Audit Committee or Committee means Committee of Board of Directors of the Company constituted under provisions of Listing agreement and Companies Act, 2013.

  • standards committee (“pwyllgor safonau”) means the standards committee of the county or county borough council which has functions in relation to the community council for which it is responsible under section 56(1) and (2) of the Local Government Act 2000.

  • Compensation Committee means the Compensation Committee of the Board.

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Change in Control Protection Period means the period beginning on the date of the consummation of the Change in Control and ending on the first anniversary of such Change in Control.

  • Uniform Grant Management Standards or “UGMS” means uniform grant and contract administration procedures, developed under the authority of Chapter 783 of the Texas

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Stewardship means the continuing obligation to provide the necessary maintenance, management, protection, husbandry and support for a natural area and natural values associated with that area.

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.