Performance Year definition

Performance YearΒ means the calendar year prior to the year in which an Annual Award is made by the Committee.
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Performance YearΒ means one of the three calendar years in the Performance Period.
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Performance YearΒ means each twelve-month period of employment under this Agreement commencing upon the date of this Agreement.
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Examples of Performance Year in a sentence

  • Performance Year 2 (2022) 𝐢𝑀𝐹 π‘π‘’π‘Ÿ π‘ƒπ‘Žπ‘Ÿπ‘‘π‘–π‘π‘–π‘π‘Žπ‘‘π‘–π‘›π‘” π΅π‘’π‘›π‘’π‘“π‘–π‘π‘–π‘Žπ‘Ÿπ‘¦ π‘π‘’π‘Ÿ π‘€π‘œπ‘›π‘‘β„Ž (𝑃𝐡𝑃𝑀) = $125 – [(5% π‘€π‘–π‘‘β„Žβ„Žπ‘œπ‘™π‘‘ ($125 )) + (2% π‘ π‘’π‘žπ‘’π‘’π‘ π‘‘π‘Ÿπ‘Žπ‘‘π‘–π‘œπ‘› π‘Ÿπ‘Žπ‘‘π‘’ ((95%($125)))] = $125 βˆ’ [($6.25) + ($2.38)] = $11𝟏𝟏.

  • The CMF payment made to the Participant is subject to a PBIP quality withhold (No withhold in PY1; 5% in PY2; 10% in each Performance Year thereafter) and, if a sequestration order is in effect, an adjustment to account for sequestration.

  • The calculation formulas applicable to each Performance Year are reflected below.

  • Performance Year 3 to 4 (2023 to 2024) 𝐢𝑀𝐹 π‘π‘’π‘Ÿ π‘ƒπ‘Žπ‘Ÿπ‘‘π‘–π‘π‘–π‘π‘Žπ‘‘π‘–π‘›π‘” π΅π‘’π‘›π‘’π‘“π‘–π‘π‘–π‘Žπ‘Ÿπ‘¦ π‘π‘’π‘Ÿ π‘€π‘œπ‘›π‘‘β„Ž (𝑃𝐡𝑃𝑀) = $125 – [(10% withhold($125 )) + (2% sequestration rate((90%($125)))] = $125 βˆ’ [($12.50) + ($2.25)] = $𝟏10.25 PBPM 𝐢𝑀𝐹 π‘π‘’π‘Ÿ π‘ƒπ‘Žπ‘Ÿπ‘‘π‘–π‘π‘–π‘π‘Žπ‘‘π‘–π‘›π‘” π΅π‘’π‘›π‘’π‘“π‘–π‘π‘–π‘Žπ‘Ÿπ‘¦ π‘π‘’π‘Ÿ π‘Έπ‘’π‘Žπ‘Ÿπ‘‘π‘’π‘Ÿ (𝑃𝐡𝑃𝑸) = 𝐢𝑀𝐹 π‘ƒπ‘Žπ‘¦π‘šπ‘’π‘›π‘‘ 𝑃𝐡𝑃𝑀 βˆ— 3 π‘šπ‘œπ‘›π‘‘β„Žπ‘  = $πŸ‘πŸ‘πŸ‘πŸ‘πŸŽπŸŽ.

  • Performance Year 1 (2021) CMF per Participating Beneficiary per Month (PBPM)=$125 – [10% withhold ($125 ))+(2% sequestration rate ((90%($125)))]=$125-[($12.50) +($2.25)]=$110.25 PBPM 𝐢𝑀𝐹 π‘π‘’π‘Ÿ π‘ƒπ‘Žπ‘Ÿπ‘‘π‘–π‘π‘–π‘π‘Žπ‘‘π‘–π‘›π‘” π΅π‘’π‘›π‘’π‘“π‘–π‘π‘–π‘Žπ‘Ÿπ‘¦ π‘π‘’π‘Ÿ π‘Έπ‘’π‘Žπ‘Ÿπ‘‘π‘’π‘Ÿ (𝑃𝐡𝑃𝑸) = 𝐢𝑀𝐹 π‘ƒπ‘Žπ‘¦π‘šπ‘’π‘›π‘‘ 𝑃𝐡𝑃𝑀 βˆ— 3 π‘šπ‘œπ‘›π‘‘β„Žπ‘  = $πŸ‘πŸ‘πŸ‘πŸ‘πŸπŸ.


More Definitions of Performance Year

Performance YearΒ or β€œPY” means the 12-month period beginning on January 1 of each year during the Model Performance Period, except in the case of Performance Year 2021, which began on April 1, 2021, and ended on December 31, 2021.
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Performance YearΒ means each calendar year.
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Performance YearΒ means the Fiscal Year.
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Performance YearΒ means each consecutive twelve-month period commencing on January 1 of each year during the term of this Plan and coinciding with the Company’s fiscal year.
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Performance YearΒ means the calendar year of the Company in which a Participant provides services on account of which the Award is made.
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Performance YearΒ means each fiscal year for the Company beginning on January 1 and ending December 31 of each year during the Performance Period, and a similar 12-month fiscal period for each Peer Company that occurs in each of Year 1, Year 2 and Year 3.
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Performance YearΒ means each successive one-year periods beginning on January 1 of each year.
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