Performance Year definition

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

Performance Year means one of the three calendar years in the Performance Period.

Performance Year means each twelve-month period of employment under this Agreement commencing upon the date of this Agreement.

Examples of Performance Year in a sentence

• In such a case, proration will be based on the percentage of time in the Performance Year during which you were employed and eligible to participate in the Plan.

• For any participant receiving a hardship withdrawal under the Savings Plan, all deferral elections under this Plan for the current Performance Year will cease and the participant will not be eligible to make any deferral elections under this Plan for the following Performance Year.

• In the event any payment is made due to an unforeseeable emergency, all deferral elections for the current Performance Year will cease and the participant will not be eligible to make any deferral elections under this Plan for the following Performance Year.

• Payments in the event of a change in status will not be made if no Annual Awards are made for the Performance Year.

• This Arrangement is effective for a minimum of one full Performance Year, which consists of a 12-month period beginning on January 1 of each year, and will renew automatically on January 1 of each year, until terminated by either party in accordance with Section 12 of this Arrangement, or upon the execution of a new CTO Arrangement.

More Definitions of Performance Year

Performance Year means each calendar year.

Performance Year or “PY” 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.

Performance Year means the Company’s fiscal year.

Performance Year means a designated fiscal year of the Company during which Company and individual performance will be measured and Participant services will be rendered for which an Award may be granted.

Performance Year 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.

Performance Year 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.

Performance Year means each successive one-year periods beginning on January 1 of each year.