Examples of Performance Period 1 in a sentence
Employee shall be entitled to receive a Performance Bonus with respect to a Performance Period if the applicable EBITDA target (the “EBITDA Target”) for such Performance Period has been met: • With respect to Performance Period 1, if EBITDA for such Performance Period equals or exceeds $30 million.
The performance periods for the second tranche and the third tranche of Performance-Vesting RSUs shall be April 1, 2021 through March 31, 2022 (“Performance Period #2”) and April 1, 2022 through March 31, 2023 (“Performance Period #3,” and each of Performance Period #1, Performance Period #2, and Performance Period #3, a “Performance Period”), respectively.
Unless the Committee provides otherwise in the Award Agreement or subsequently, a Participant will forfeit all Performance-Based Awards if, before the end of a Performance Period: [1] His or her Service is Terminated involuntarily for Cause; or [2] He or she Terminates Service voluntarily.
The maximum threshold for Shared Savings in Performance Period 3 must be the same in Performance Period 1 and is limited to a maximum of 85% of the Target TCOC.
For example, if the Fundout-performs the Benchmark in the first Performance Period, a performance fee is accrued and paid at the end of Performance Period 1.