Performance Sum Adjustment Date definition

Performance Sum Adjustment Date means in the case of each Cancellations Performance Sum or TOC Minute Delay Performance Sum determined pursuant to paragraph 3 of Schedule 7.1 (Performance Benchmarks) and payable by the Secretary of State, the first Payment Date falling no less than seven days after that determination;
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Performance Sum Adjustment Date has the meaning given to it in paragraph 1.1 of Schedule 7.1 (Performance Benchmarks);
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Performance Sum Adjustment Date means: (a) in the case of each Cancellations Performance Sum and the TOC Minute Delay Performance Sum, determined pursuant to paragraph 22 of Schedule 7.1 (Operational Performance) and payable by the Secretary of State to the Franchisee or the Franchisee to the Secretary of State (as the case may be), the first Payment Date falling no less than seven (7) days after that determination; or (b) in the case of a Performance Sum falling due in respect of the Final Franchisee Year and which has not been made during the Franchise Period, the date specified in paragraph 29 of Schedule 7.1 (Operational Performance);
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Examples of Performance Sum Adjustment Date in a sentence

  • Each Cancellations Performance Sum and TOC Minute Delay Performance Sum calculated pursuant to paragraph 22.3 (Tables 10, 10A, 11 and 11A) and paragraph 22.4 (Tables 16, 16A, 17 and 17A) (respectively) in respect of any Franchisee Year payable by the Franchisee to the Secretary of State shall, subject to paragraph 29 (Payments in respect of the Final Franchisee Year), be paid by way of adjustment to Franchise Payments on the Performance Sum Adjustment Date.

  • Each Cancellations Performance Sum, TOC Minute Delay Performance Sum, calculated pursuant to paragraphs 22.3, 22.4, 22.6 and 22.7 (Performance Sum Payments – Annual Benchmarks) (respectively) in respect of any Franchisee Year payable by the Secretary of State to the Franchisee shall, subject to paragraph 29 (Payments in respect of the Final Franchisee Year), be paid by way of adjustment to Franchise Payments on the Performance Sum Adjustment Date.


More Definitions of Performance Sum Adjustment Date

Performance Sum Adjustment Date means: (a) in the case of each Cancellations Performance Sum, TOC Minute Delay Performance Sum or Short Formation Performance Sum determined pursuant to paragraphs 3.2, 3.3 or 3.4 (respectively) of Schedule 7.1 (Performance Benchmarks), the first Payment Date falling no less than seven days after that determination; or (b) in the case of a Cancellations Performance Sum, TOC Minute Delay Performance Sum or Short Formation Performance Sum falling due in respect of the final Franchisee Year and which has not been made during the Franchisee Period the date determined in accordance with paragraph 3.6 of Schedule 7.1 (Performance Benchmarks);
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Related to Performance Sum Adjustment Date

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • 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 Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA; ‘National Law’ means (a) for a state or territory other than Western Australia – the Health Practitioner Regulation National Law as set out in the Schedule to the Health Practitioner Regulation National Law Act 2009 (Qld) as it applies (with or without modification) as a law of the State or Territory; and (b) for Western Australia – the legislation enacted by the Health Regulation National Law (WA) Xxx 0000 that corresponds to the Health Practitioner Regulation National Law;

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).