Performance Options definition

Performance Options means the portion of the Option designated as Performance Options in the Grant Notice.

Performance Options means the options described in Section 5.2.

Performance Options means, collectively, the options granted to certain Management Stockholders under the Incentive Plan to purchase shares of Common Stock, the number of vested and earned options of which is subject to the attainment of certain targets set forth in the Incentive Plan and the option certificates issued pursuant thereto.

Examples of Performance Options in a sentence

• Annual performance reviews may be based on either of two models: The first model, known as Annual Performance Options (Component A), offers an individual teacher, in consultation with his/her supervisor, the opportunity to set yearly goals and objectives and to choose the methods for demonstrating professional growth.

• All Performance Options and Other Options are granted under Part B.Employment Options vest and become exercisable on the third anniversary of date of grant, and generally lapse on the earlier of cessation of employment (or 6 months thereafter if options have vested at cessation date) or the 10th anniversary of date of grant.Performance Options have vesting conditions linked to the growth in the Company’s market capitalisation from the date of grant (Performance Conditions).

• The Scheme is now only open to all executive directors and employees.Options are granted by the Board taking into account the need to motivate, retain and recruit high calibre employees and with regard to the contribution that such employees are expected to make in achieving the Group’s objectives.Options granted under the Scheme are categorised as either Employment Options, Performance Options or Other Options.

• This is measured from 30 June in the financial year preceding a grant of Performance Rights or Performance Options until 30 June in the financial year prior to the relevant test date.

• The participant shall not pay any consideration for the allotted Performance Shares and Performance Options.

More Definitions of Performance Options

Performance Options. Performance Options shall vest if the Target IRR would have been achieved based upon the fair market value of Holdings L.L.C.'s investment in Holdings as of the Termination Date and Employee will receive the applicable value of the Performance Option as determined at the Termination Date by the Board of Directors of Holdings at such time as Holdings L.L.C. receives cash payments for its interests in Holdings. If the Target IRR is not achieved on both the Termination Date and the Determination Date, then all Performance Options shall be terminated with no payment to or value to Employee. BY PLAYCORE WISCONSIN FOR CAUSE OR BY THE EMPLOYEE WITHOUT GOOD REASON: TIME OPTIONS: All vested Time Options shall remain exercisable for 90 days and if not exercised by the end of business on the 90th day shall terminate. All nonvested Time Options shall terminate on the Termination Date.

Performance Options means those Options that are subject ------------------- to the provisions of Section 3(b) hereof providing for the vesting of such Options on the basis of the financial performance of the Company and the Subsidiaries and/or the continued employment of the Grantee. Performance Options have been granted to the Grantee pursuant to this Agreement with respect to 112,500 Shares.

Performance Options. All Performance Options shall immediately terminate. CALL ON SHARES ACQUIRED In the event of the Employee's termination ON EXERCISE OF OPTION: of employment for any reason, all shares in Holdings held by Employee as a result of exercising Options shall be subject to a "call" by Holdings or its designee (the "Company Call") at the fair market value on the Termination Date. The Company Call must be exercised within six months of the Termination Date. The purchase price as determined above will be paid one-half in cash within 30 days of the exercise of the Company Call and the remaining one-half payable within two years of the date of exercise of the Company Call (the "Deferred Call Payments"). Any Deferred Call Payments shall be credited with an appropriate interest rate or dividend rate. In the event that Holdings is restricted from purchasing such shares for cash under any applicable financing or other agreements, Holdings may issue the Employee a note or such other permissible security (which shall contain commercially reasonable terms) in full satisfaction of such call. In no event shall the Employee be paid less cash at the time of the exercise of the Company Call than the Employee's income tax liability resulting from the sale of the shares.

Performance Options means all outstanding options to purchase Shares issued pursuant to the Corporation 2016 Stock Option Plan which are subject to performance conditions, including the Vested Performance Options and the Unvested Performance Options.

Performance Options means those Options that are subject to the provisions of Section 2(b) hereof providing for the vesting of such Options on the basis of the financial performance of the Company and the continued employment of the Employee. The number of Performance Options granted to the Employee pursuant to this Agreement is specified on the signature page hereof under the heading "Performance Options."

Performance Options means Performance Options granted pursuant to the Management Stock Incentive Plan.

Performance Options means the options over Target Shares all of which are subject to certain performance hurdles in order to vest and have an exercise price of £0.09. Privacy and Data Protection Requirements has the meaning given to that term in clause 10.4.