Examples of Target Milestones in a sentence
The Target Milestones for each Performance Period shall be determined by the Board, in its sole discretion, based on measurable performance criteria established by the Board in advance.
Awardee shall be responsible for all costs related to executing their Business Plan and fulfillment of the Target Milestones, Engagement requirements, Relocation requirements, legal fees, accounting fees, personnel costs, and any tax liability arising from Awardee’s receipt of the Award.
Awardee shall be solely responsible for such passports, visa and/or other immigration matters as may be necessary if Awardee’s Key Personnel are relocating into the United States pursuant to the Business Plan, Target Milestones and/or Engagement requirements.
Unless otherwise specified by the Board, subject to the remaining provisions of this Section 14, Restricted Shares granted to a Designated Participant in respect of a Restricted Period under Section 4.1, shall vest based upon the Designated Participant’s performance toward Target Milestones for that Restricted Period (as determined by the Board acting reasonably), in accordance with the vesting schedule established by the Board at the time of the grant and as set out in the Restricted Share Grant Letter.
Awardee represents and warrants that neither it nor any of its Key Employees are restricted in any manner by any law, rule, regulation or contract from performing: (i) the terms of this Agreement; (ii) the Terms and Conditions; (iii) its Business Plan; (iv) the Warrant, (v) owning or using its assets; (vi) the Target Milestones; (vii) the Engagement requirements; or (viii) the Relocation requirements (collectively the “Obligations”).
The Board will, in its sole discretion, determine whether Executive achieved the Target Milestones, and the amount of Executive’s bonus, if any.
The performance achievement of the Target Milestones for an applicable Performance Period shall be determined by assigning a percentage from 0 per cent to 200 per cent reflecting such performance (the “Performance Percentage”).
The Board shall cause the Designated Participant’s Target Milestones to be determined for each Performance Period or Restricted Period at or prior to the time of granting Restricted Share Units or Restricted Shares, as applicable, to a Designated Participant for that Performance Period or Restricted Period.
Target Milestones may be based on performance criteria, the passage of time or both.
If selected as a winner of an Award, Awardee shall devote the whole of Awardee’s business efforts to its Business Plan and the Target Milestones and shall cause its personnel to devote the whole of their business efforts to the Business Plan.