Tranche 1 Performance Period definition

Tranche 1 Performance Period means the period commencing July 1, 2017 and ending on June 30, 2020.
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Tranche 1 Performance Period means the period commencing July 1, 2015 and ending on June 30, 2018.
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Tranche 1 Performance Period means the period commencing July 1, 2018 and ending on June 30, 2021.
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Examples of Tranche 1 Performance Period in a sentence

  • The performance periods for each vesting tranche of the Target PSUs are as described below (each, a "Performance Period"): Tranche 1 Performance Period: Award Date through December 31, 2021.

  • The Target PSUs set forth in the Summary of Award shall be divided equally into two vesting tranches, such that fifty percent (50%) of the Target PSUs shall be eligible to vest based on attainment of the Performance Goal during the Tranche 1 Performance Period and fifty percent (50%) of the Target PSUs shall be eligible to vest based on attainment of the Performance Goal during the Tranche 2 Performance Period (as set forth in Section 2 of this Exhibit A).

  • Following the end of each of the Tranche 1 Performance Period and the Tranche 2 Performance Period, the Committee will certify the payout percentage for each target award for each applicable performance period.

  • The performance measure for the Tranche 1 Target Award is relative “Total Shareholder Return” or “TSR” (as such terms are defined on Exhibit A) for the Tranche 1 Performance Period.

  • For purposes of clarity, in no event shall the Tranche 2 Shares become eligible to vest during the Tranche 1 Performance Period.

  • If the PVU Performance Metric for Tranche 1 or Tranche 2 is not achieved on or prior to last day of the Tranche 1 Performance Period or Tranche 2 Performance Period, as applicable, such Tranche PVUs may still be earned in a later performance period, but only if the Performance Metric for such later performance period is achieved.

  • The Tranche 2 PSUs will be earned at a level of up to 150% according to the performance conditions set forth in Appendix B for the period covering July 1, 2015 through August 1, 2018 (the “Tranche 2 Performance Period” and together with the Tranche 1 Performance Period, the “Performance Periods”).

  • E.g., if Tranche 1 is achieved at 50%, 50% of the Tranche 1 PSUs will vest and 50% of the Tranche 1 PSUs will forfeit, each at the end of the Tranche 1 Performance Period.

  • When practicable following the completion of the Tranche 1 Performance Period, the Administrator shall determine the extent to which the performance conditions set forth on Appendix A have been satisfied.

  • For example, if the Participant has a Termination of Employment under this Section 2(c) six months after the Award Date, 50% of the Target PSUs subject to the Tranche 1 Performance Period and 33.3% of the Target PSUs subject to the Tranche 2 Performance Period would remain outstanding and eligible to vest, subject to the achievement of the Performance Goal for each vesting tranche, as provided in Exhibit A.


More Definitions of Tranche 1 Performance Period

Tranche 1 Performance Period means the period commencing July 1, 2024 and ending on June 30, 2027. (ff) “Tranche 2 Performance Period” means the period commencing July 1, 2025 and ending on June 30, 2028. (gg) “Tranche 3 Performance Period” means the period commencing July 1, 2026 and ending on June 30, 2029. (hh) “Treasury Note Rate of Return” means the five-year Treasury Note rate on June 28, 2024, which is 4.377%.
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Tranche 1 Performance Period means the period commencing __________ and ending on __________.
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Tranche 1 Performance Period means the period commencing and ending on.
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Tranche 1 Performance Period means the three-year period consisting of the Corporation’s 2015, 2016 and 2017 fiscal years (ending on the Saturday closest to January 31 of 2016, 2017 and 2018, respectively). The “Tranche 2 Performance Period” means the two-year period consisting of the Corporation’s 2018 and 2019 fiscal years (ending on the Saturday closest to January 31 of 2019 and 2020, respectively).
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Related to Tranche 1 Performance Period

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

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

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e).

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

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

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

  • 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;

  • 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.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.