Qualitative Criteria definition
Examples of Qualitative Criteria in a sentence
Each of the Objective Criteria Targets (as a group) and the Qualitative Criteria Targets (as a group) shall create separate award opportunities.
Except as otherwise provided herein, the Participant shall be vested in the Qualitative Criteria Earned Award Value if the Participant is employed by or in service with the Company on the Vesting Date and has been continuously employed or in service since the Date of Grant.
The value of each Qualitative Criteria Performance Unit that may be eligible to be earned under the Award is up to [ ]% of the Qualitative Criteria Target Value based on [ ] (the “Qualitative Criteria Performance Goal”) for the Performance Period.
If the District Bus Partnership Board considers that the Change proposal satisfies the Qualitative Criteria then it shall continue to be evaluated in accordance with this Clause 4.2. A District Discussion Change Proposal that is assessed by more than one District Bus Partnership Board will continue to be evaluated in accordance with this Clause 4.2 unless it has been unanimously rejected by all the District Bus Partnership Boards required to conduct an Initial Assessment.
Except as otherwise provided in this Agreement, both the performance condition described in Section 1(a)(i) and the service condition described in Section 1(a)(ii) must be met in order for any of the Qualitative Criteria Target Units to vest pursuant to this Section 1.
If the Tyne and Wear Bus Partnership Board considers that the Change proposal satisfies the Qualitative Criteria then it shall continue to be evaluated in accordance with this Clause 4.2.
Notwithstanding the foregoing, the Qualitative Criteria Award shall not be deemed payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [ ], and (B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met.
Upon the attainment of the Qualitative Criteria Target Performance Goal, which shall be determined by the Administrator, [ ]% of the Qualitative Criteria Target Value shall be earned for the Performance Period.
If earned and vested, the Qualitative Criteria Earned Award Value shall be settled in accordance with Section 4 of the Agreement.
The target value per Qualitative Criteria Performance Unit for the Performance Period is $[ ] (the “Qualitative Criteria Target Value”).