Third Performance Period definition
Examples of Third Performance Period in a sentence
Except as set forth in Section 1(d)(iv), the delivery date for shares of Common Stock with respect to RSUs earned subject to this Agreement shall be as soon as practicable after the Third Performance Period ends, but in no event later than December 31 of the calendar year in which such fiscal year ends.
If at the end of the Second Performance Period, the amount paid to Consultant over the term of the Agreement to that date exceeds the Energy Savings over the term of the Agreement to that date, GCS may deduct the amount of the excess from the payments next due during the Third Performance Period.
Assume the cumulative amount of dividends paid to holders of Common Stock through the Normal Vesting Date of the Third Performance Period and the Fourth Performance Period is $2.70 per share (determined as follows).
The second performance period (Second Performance Period) will be July 1, 2003 through June 30, 2004 and the third performance period (Third Performance Period) shall be from July 1, 2004 to June 30, 2005.
The average of the 20 calendar quarter-end NAIC Risk-Based Capital (RBC) Ratios during the Third Performance Period must be at least 325%.