Specific Performance Goals definition

Specific Performance Goals means the number of the Vested Shares shall be equal to the number of the Adjusted Shares.
Sample 1Sample 2Sample 3
Specific Performance Goals. The Specific Performance Goals are set forth on Exhibit A. 1 For example, if the Vesting Start Date is determined by the Committee to be February 15, 2019, then 1 then 1/4 of the Adjusted Shares, if any (based on the Specific Performance Goals), will vest on each of (i) February 15, 2019, (ii) February 18, 2020 (because February 15, 2020 falls on a Saturday and Monday February 17, 2020 is a federal holiday, President’s day, the immediately following business day is February 18, 2020), (iii) February 16, 2021 (because Monday February 17, 2021 is a federal holiday, President’s day, the immediately following business day is February 16, 2021) and (iv) February 15, 2022, and the Vesting Period will be from February 15, 2019 to February 15, 2022. 2 See footnote 2, supra.
Sample 1Sample 2
Specific Performance Goals. For any given performance period, if both the required TMR Goal and Stated Goal is achieved, PSUs for such year (25% of PSUs per year) will be earned. Additionally, any PSUs from prior years where the Stated Goal was achieved will be deemed earned. The TMR Goal and Stated Goal that must be achieved for each performance period is outlined in the chart below: Performance Period (1)Year 1 (11/1/2021 – 12/31/2022)Year 2 (01/01/23– 12/31/2023)Year 3 (01/01/2024 – 12/31/2024)Year 4 (01/01/25 – 12/31/2025) TMR Goal$728,000,000$815,360,000$913,203,200$1,022,787,584 Stated GoalComplete exchange of 7% Notes and Refinance of 10% NotesAchieve an MSCI ESG Rating of B or higherAddress secured mortgage loans through purchase, sale, conveyance, refinance, restructure or extension, based on a schedule of debt maturities approved by the Committee.Execute extension option or refinance the term loan (1) Performance Periods are exclusive of the TMR Year 4 Grace Period and the Stated Goal Grace Period applicable to each year. Stated Goal Lookback At the end of the full four-year performance period, if all four Stated Goals are achieved within each respective Stated Goals Performance Period (including any applicable Grace Period), 50% of all remaining PSUs will be deemed earned provided the employment of the Participating Officer has not been terminated before the end of the full four-year performance period. Under the Stated Goal Lookback, the TMR Goals are not required to be met for the PSUs to be earned.
Sample 1

Examples of Specific Performance Goals in a sentence

  • The Specific Performance Goals for the Performance Period shall relate to the following equally weighted performance measures: (i) revenue growth and (ii) return on invested capital (ROIC).

  • The Specific Performance Goals for the Performance Period are described in Exhibit A.

  • The parties agree on the following terms for the Specific Performance Goals: • “Specific Performance Goals” means the number of the Vested Shares shall be equal to the number of the Adjusted Shares.

  • Mayor Walkup announced City Manager’s communication number 571, dated October 18, 2004, would be received into and made a part of the record.

  • For example, if a Sale Event takes place in June 2017, resulting in no new entity, and the Company ceases to exist, and if the Committee approves the goal replacement, the fiscal year 2017 will still be subject to the Specific Performance Goals hereunder while the fiscal years 2018 and 2019 will be subject to the aforementioned Performance Goals of the acquiring or surviving entity.

  • Specific Performance Goals(the “Specific Performance Goals”): The Specific Performance Goals are set forth on Exhibit A.

  • For example, if the Award Date is determined by the Committee to be March 11, 2020 and the Vesting Date is determined by the Committee to be February 15, 2023, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 15, 2023 and the Vesting Period will be from March 11, 2020 to February 15, 2023.

  • In the event a new entity results from the Sale Event and all stockholders of the Company immediately prior to the Sale Event become stockholders of the new entity, the Specific Performance Goals hereunder shall continue to apply to the PSUs, assumed, continued or substituted upon the Sale Event as if the new entity is the Company.


More Definitions of Specific Performance Goals

Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Adjusted Shares Group I and (2) the number of the Adjusted Shares Group II; calculated as follows: ( ( (A) the number of the Target PSU Shares / 2) x the Revenue CAGR Multiplier ) + ( ( (A) the number of the Target PSU Shares / 2) x the Revenue ROIC Multiplier ); provided, however, that in case of a Sale Event during the Measurement Period, as determined by the Committee in its absolute discretion and to the extent as permitted under Code section 409A (without causing the PSUs to fail to be exempt from or comply with 409A), the Specific Performance Goals hereunder, including the Revenue CAGR Multiplier and/or the ROIC Multiplier, may be replaced by any of the Performance Goals defined under the Plan, after being adjusted for the accounting fair value of the Specific Performance Goals hereunder as of the Sale Event.6
Sample 1
Specific Performance Goals. The Performance Goals are set forth on Exhibit A. This PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between Xxxxxxx Manufacturing Co., Inc., a Delaware corporation (the “Company”), and the Recipient named on the Acceptance Page, with reference to the following facts: Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated Xxxxxxx Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended from time to time, the “Plan”). The Board has delegated to the Committee all authority to administer the Plan. 1 121.8% of the total targeted 2017 PSUs. 2 For example, if the Award Date is determined by the Committee to be March 1, 2017 and the Vesting Date is determined by the Committee to be February 15, 2020, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 18, 2020 and the Vesting Period should be from March 1, 2017 to February 18, 2020 (because February 15, 2020 falls on a Saturday and February 17, 2020 is a federal holiday, President’s day, the immediately following business day is February 18, 2020).
Sample 1
Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Further Adjusted Shares I and (2) the number of the Further Adjusted Shares II; calculated as follows: ( ( (A) the number of the Targeted Shares x (B) the Fair Value Multiplier / 2) x the Revenue CAGR Multiplier ) + ( ( (A) the number of the Targeted Shares x (B) the Fair Value Multiplier / 2) x the Revenue ROIC Multiplier ); provided, however, that in case of a Sale Event during the Vesting Period, as determined by the Committee in its absolute discretion and to the extent as permitted under Code section 162(m) (without causing the PSUs to fail to meet the requirements of “qualified performance-based compensation” thereunder) and under Code section 409A (without causing the PSUs to fail to be exempt from or comply with 409A), the Specific Performance Goals hereunder, including the Revenue CAGR Multiplier and/or the ROIC Multiplier, may be replaced by any of the Performance Goals defined under the Plan, after being adjusted for the accounting fair value of the Specific Performance Goals hereunder as of the Sale Event.7 “Targeted Shares” means the PSU Shares as divided by 121.8%.
Sample 1
Specific Performance Goals. The Specific Performance Goals are set forth on Exhibit A. This PERFORMANCE & TIME BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between Xxxxxxx Manufacturing 1 100% of the Targeted PRSU Shares. 2 For example, if the Vesting Start Date is determined by the Committee to be February 15, 2018, then 1/4 of the PRSU Shares, if any (based on the Specific Performance Goals), will vest on each of February 15, 2018, February 15, 2019, February 18, 2020 (because February 15, 2020 falls on a Saturday and February 17, 2020 is a federal holiday, the President’s day, the immediately following business day is February 18, 2020) and February 15, 2021, and the Vesting Period should be from February 15, 2018 to February 15, 2021. 3 See footnote 2, supra.
Sample 1
Specific Performance Goals means the number of the Vested Shares shall be equal to the sum of (1) the number of the Adjusted Shares I and (2) the number of the Adjusted Shares II.  “Targeted PRSU Shares” means 100% of the PRSU Shares.
Sample 1

Related to Specific Performance Goals

  • Specific goals means specific goals as contemplated in section 2(1)(d) of the PPPFA which may include contracting with persons, or group of persons, historically disadvantaged by unfair discrimination on the basis of race, gender and disability including the implementation of programmes of the Reconstruction and Development Programme as published in Government Gazette No. 16085 dated 23 November 1994.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to be expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles; (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item; and (13) to exclude the effects of the timing of acceptance for review and/or approval of submissions to the U.S. Food and Drug Administration or any other regulatory body. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • 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.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • 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.

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

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

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Further Competition Award Criteria means the award criteria set out in Part 2 of Framework Schedule 6 (Award Criteria);

  • Performance Criteria means the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows:

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • 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;

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Award Criteria means the Standard Services Award Criteria and/or the Competed Services Award Criteria as the context requires

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.