Financial Performance definition
Examples of Financial Performance in a sentence
The number of PSUs earned by the Participant at the conclusion of the Performance Period will be determined under the following formula subject to Section 5 below: Target Award Opportunity x Financial Performance Factor x TSR Modifier The determination of “Financial Performance Factor” and “TSR Modifier” is set forth below.
The Weighted Financial Performance Ratio will be based on a relative weighting of 40% to 2025 Adjusted Revenues and 60% to 2025 Adjusted Operating Income.
EXECUTIVE Name: Date: Attachments: Attachment A – Performance Award Formula Attachment B – Incentive Compensation Repayment Policy The amount payable under this Award, if any, will be equal to the Target Award Amount multiplied by the product of the Financial Performance Incentive Multiple times the Non-Financial Performance Incentive Modifier, with the product capped at 200%.
For purposes of the Financial Performance Covenant, amounts in currencies other than dollars shall be translated into dollars at the currency exchange rates used in preparing the most recently delivered financial statements pursuant to Section 5.01(a) or (b).
The Borrower will not permit the Net First Lien Leverage Ratio as of the last day of any Financial Performance Covenant Test Period to exceed 3.75 to 1.00.
The Financial Performance Incentive Multiple will be calculated as follows: • 2025 Adjusted Revenues: .................................................
For the avoidance of doubt, no Cure Amounts shall be applied to reduce the Indebtedness of Holdings and its Restricted Subsidiaries on a Pro Forma Basis for purposes of determining compliance with the Financial Performance Covenant for the fiscal quarter in which such Cure Right was made and there shall not have been a breach of any covenant under Article VI of this Agreement by reason of having no longer included such Cure Amount in any basket during the relevant period.