Performance Hurdle definition

Performance Hurdle means that the Elevate Credit Parent has a minimum net income in the 2019 Fiscal Year of $22,000,000 and has a minimum net income in the 2020 Fiscal Year equal to an amount to be agreed upon by the Agent and each Credit Party no later than February 15, 2020.

Performance Hurdle means, in relation to the Calculation Period, (“A” multiplied by “B”) + C where:

Performance Hurdle means the relevant Interest Rate used for each Performance

Examples of Performance Hurdle in a sentence

• If a Performance Hurdle has not been met by the end of a quarterly vesting period, the PSUs available to vest during such quarter shall be available to vest in the next quarterly vesting period within that Performance Year and shall vest, if applicable, on the last day of the quarterly vesting period in which the Performance Hurdle is met.

• Subject to the preceding sentence, if a Performance Hurdle for a Performance Year is not met, the PSUs eligible to vest with respect to that Performance Year shall immediately terminate and become null and void.

• If the Performance Hurdle for the 3rd Performance Year is not met, the PSUs available to vest in such 3rd Performance Year remain eligible to vest in any applicable quarter of the 4th Performance Year if the 4th Performance Year’s Performance Hurdle is met during that year, such vesting to occur on the last day of such quarterly vesting period.

• Notwithstanding the foregoing, subject to the Release Requirement, when a Grantee’s employment with the Company (or an Affiliate of the Company) terminates as a Good Leaver during either the 3rd or 4th Performance Year, any outstanding and unvested PSUs with respect to which the applicable Performance Hurdle for the Performance Year in which termination occurred has not been met as of the termination shall be eligible to vest if the applicable Performance Hurdle is met by the end of the Performance Year.

• In determining performance, the Committee shall consider all fiscal quarters completed prior to the date of death or Disability, and (1) prorate the Minimum Performance Hurdle based on the number of completed fiscal quarters compared to the total 3-year Performance Period, and (2) with respect to the ROTCE Matrix and TSR Modifier, determine actual performance, based on completed calendar quarters, from the first day of the Performance Period through the date of death or Disability.

More Definitions of Performance Hurdle

Performance Hurdle means, in relation to each Calculation Period, “A” multiplied by “B” where:

Performance Hurdle has the meaning set forth in Section 2(a).

Performance Hurdle means in relation to each Performance Right, the performance hurdle determined in accordance with clause 3.2;

Performance Hurdle means a performance related hurdle which may be applied to any Fund or Class and as may be specified in the relevant Fund or Class Supplement;

Performance Hurdle means, in relation to each Performance Period, "A" multiplied by "B", where:

Performance Hurdle means the performance hurdle or hurdles in respect of the Vesting of Shares in a Participant as described in the applicable Performance Hurdle Memorandum.

Performance Hurdle means, the Starting NAV per Share increased by the rate of return on 13 week Treasury Bills published by the US Department of the Treasury over the Performance Period, less the Starting NAV per Share;