Second Performance Period definition
Examples of Second Performance Period in a sentence
For purposes of this Award Agreement, “Catch-Up Performance Goals” means, for the Second Performance Period, the threshold, target and maximum goals and corresponding achievement and payout levels for each Relevant Metric for such Performance Period approved by the Board upon recommendation from the Human Capital Management and Compensation Committee of the Board for purposes of determining the Catch-Up Achievement Percentage for the Second Performance Period.
For purposes of this Award Agreement, “Performance Period” means each of the First Performance Period and the Second Performance Period, as applicable.
This Exhibit B shall be deemed amended to include such Catch-Up Performance Goals for the Second Performance Period as and when adopted by the Board, as well as any corresponding defined terms.
No later than March 15 of the Second Performance Period, the Board shall determine the Catch-Up Performance Goals for the Second Performance Period.
For purposes of this Award Agreement, “Second Certification Date” means the date on which the Administrator certifies in writing the Company’s Achievement Percentage for the Second Performance Period, which shall occur no later than February 15, 2028.