Performance Assurance Board definition

Performance Assurance Board has the meaning given to that term in the Balancing and Settlement Code;
Sample 1Sample 2
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;
Sample 1
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”
Sample 1

Examples of Performance Assurance Board in a sentence

  • This BSC Procedure (BSCP) defines the procedure by which Line Loss Factor (LLF) methodologies submitted by Licensed Distribution System Operators (LDSOs, including Host LDSOs and Embedded LDSOs) are reviewed by BSCCo, presented to the Panel for approval and, where appropriate, reported to the Performance Assurance Board (PAB).

  • For SVA, the total number of Metering Systems to be inspected in any one year shall be as determined by the Performance Assurance Board (PAB) in accordance with the ROP.

  • RECCo will, with guidance from the REC Performance Assurance Board on the risks to be mitigated, ensure that audits are undertaken as appropriate.

  • Between the industry and regulatory authorities, communication concerning quality risk management decisions might be effected through existing channels as specified in regulations and guidances.

  • Ensuring compliance with 99% actual data at Initial Settlement by Suppliers involves considerable resource/cost by stakeholders (to arrange visits), customers (to facilitate visits), ELEXON and the Performance Assurance Board (to manage performance).

  • The number of students has decreased, since the number of young people at studying age is falling.

  • This is along similar lines to the Electricity industry Balancing and Settlement Code Performance Assurance Board.

  • The Group therefore discussed whether the PAB should be renamed.The arguments for renaming the PAB, is that the name Performance Assurance Board may not properly reflect the function of the Committee if P207 were to be approved.

  • These members felt that it is not efficient to have two separate processes; one for CVA, working as it does currently and monitored by the Performance Assurance Board (PAB) and one for SVA which is risk based and overseen by a REG and a RAB.

  • The BSC Panel meeting on 17 January 2002 agreed that the standard Modification Group Terms of Reference should apply with a request that a member of the Performance Assurance Board (PAB) attend and with consideration given to the implication of a trade sale if a sub-set of assets was purchased.


More Definitions of Performance Assurance Board

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;
Sample 1

Related to Performance Assurance Board

  • Performance Assurance means collateral in the form of cash or 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.

  • 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.

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • 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.

  • Health Board means a Health Board established under section 2 of the National Health Service (Scotland) Act 1978;

  • 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.