Achievement of Performance Goals Clause Samples

The Achievement of Performance Goals clause sets out the specific objectives or benchmarks that a party must meet during the course of an agreement. Typically, it details measurable targets, such as sales quotas, project milestones, or quality standards, and may outline the methods for evaluating whether these goals have been achieved. This clause ensures accountability by clearly defining expectations and provides a basis for rewards, penalties, or further actions if the goals are met or missed, thereby aligning performance with contractual obligations.
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Achievement of Performance Goals. Subject to Section 5(d), if (i) the Participant remains employed by the Company on the Certification Date and (ii) the Committee determines and certifies in writing in accordance with Section 3 hereof that the Company has achieved a Performance Goal for the Performance Period as described in Section 5 hereof, that number of PSUs determined under Section 5 hereof will vest and become nonforfeitable as of the final date of the Performance Period in accordance with the terms of the LTIP and be paid in accordance with Section 2 hereof.
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Achievement of Performance Goals. As soon as administratively practicable following the end of a Performance Period, the Committee will determine whether and to what extent the Performance Goals have been met for the Performance Period and will certify the number of PSUs that are earned for the Performance Period. Any earned PSUs will vest if the Participant continues to be employed by, or provide services to, the Employer, until the Payment Date. The number of PSUs that will be earned for each Performance Period shall be equal to (a) the target number of PSUs for that Performance Period (which is one-third of the total target number of PSUs), multiplied by (b) the weighting relative to each Performance Goal and the Earned Percentage for such Performance Goal for the Performance Period. There are discrete Performance Goals for each of the three one-year Performance Periods. The “Earned Percentage” for each of the Performance Goals shall be determined based on the table below, with straight-line interpolation used for performance achievement between the Threshold and Maximum Performance Levels for each of the Performance Periods. PSUs earned, if any, for a Performance Period will remain unvested until paid on the Payment Date, subject to the Participant’s continued employment or service with the Employer through the Payment Date. Performance Period #1 (1/1/2021 thru 12/31/2021) – 1/3 of the PSUs Performance Metrics Performance Metric Weightings Performance Levels Performance Level Goals PSUs Payout Score % [ ]% Threshold Maximum [ ]% Threshold Maximum Performance Period #2 (1/1/2022 thru 12/31/2022) – 1/3 of the PSUs Performance Metrics Performance Metric Weightings Performance Levels Performance Level Goals PSUs Payout Score % [ ]% Threshold Maximum [ ]% Threshold Maximum Performance Period #3 (1/1/2023 thru 12/31/2023) – 1/3 of the PSUs Performance Metrics Performance Metric Weightings Performance Levels Performance Level Goals PSUs Payout Score % [ ]% Threshold Maximum [ ]% Threshold Maximum Any PSUs that are earned for a Performance Period will vest and be paid on the date specified by the Committee for payment of vested PSUs after the final Performance Period, which shall be between January 1, 2024 and March 15, 2024 (the “Payment Date”), if the Participant continues to be employed by, or provide services to, the Employer through the Payment Date. If the Participant ceases to be employed by, or provide service to, the Employer for any reason before the Payment Date, any unvested PSUs s...
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Achievement of Performance Goals. (a) In the event the Company achieves its earnings per share (“EPS”) performance goal for the year ending December 31, (as such EPS performance goal is established and set forth in the Company’s Annual Incentive Plan for such year), all restrictions applicable to one-third of the shares of Restricted Stock (rounded up to the nearest whole share) shall immediately lapse on and the certificate or certificates representing such shares of Common Stock shall be delivered to Participant. In the event the Company does not achieve its EPS performace goal for the year ending December 31, all restrictions applicable to one-third of the shares of Restricted Stock (rounded up to the nearest whole share) shall continue through the Restricted Period subject to any lapse of restrictions or forfeiture pursuant to the other provisions of this Section 2(d). (b) In the event the Company achieves its earnings per share (“EPS”) performance goal for the year ending December 31, (as such EPS performance goal is established and set forth in the Company’s Annual Incentive Plan for such year), all restrictions applicable to one-third of the shares of Restricted Stock (rounded up to the nearest whole share) shall immediately lapse on and the certificate or certificates representing such shares of Common Stock shall be delivered to Participant. In the event the Company does not achieve its EPS performace goal for the year ending December 31, , all restrictions applicable to one-third of the shares of Restricted Stock (rounded up to the nearest whole share) shall continue through the Restricted Period subject to any lapse of restrictions or forfeiture pursuant to the other provisions of this Section 2(d). (c) In the event the Company achieves its earnings per share (“EPS”) performance goal for the year ending December 31, (as such EPS performance goal is established and set forth in the Company’s Annual Incentive Plan for such year), all restrictions applicable to the remaining one-third of the shares of Restricted Stock shall immediately lapse on and the certificate or certificates representing such shares of Common Stock shall be delivered to Participant. In the event the Company does not achieve its EPS performace goal for the year ending December 31, , all restrictions applicable to the remaining one-third of the shares of Restricted Stock shall continue through the Restricted Period subject to any lapse of restrictions or forfeiture pursuant to the other provisions of this Sectio...
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Achievement of Performance Goals. As soon as administratively practicable following the end of a Performance Period and no later than March 15 of the calendar year immediately following the end of each Performance Period, the Committee will determine whether and to what extent the Performance Goal has been met and certify the number of PSUs that may vest, if any. The number of PSUs that may vest with respect to each Performance Period shall be equal to (a) one third of the total Target Value, (b) multiplied by the weighting relative to each Performance Goal and the Earned Percentage for such Performance Goal. The “Earned Percentage” for each of the Performance Goals shall be determined as follows; straight-line interpolation will be used for performance achievement between the Performance Levels for each of the Performance Periods. *All numbers are in millions. Any PSUs that are earned for a Performance Period will vest and be paid on the date specified by the Committee for payment of vested PSUs, which shall be between January 1 and March 15 of the calendar year immediately following the end of each Performance Period (each, a “Payment Date”), if the Participant continues to be employed by, or provide services to, the Employer through the Payment Date. If the Participant ceases to be employed by, or provide service to, the Employer for any reason before the Payment Date with respect to any Performance Period, any unvested PSUs shall automatically terminate and shall be forfeited as of the date of the Participant’s termination of employment or service, except as set forth in Section 5(b) below. No payment shall be made with respect to any unvested PSUs that terminate as described in this Section 4.
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Achievement of Performance Goals. The Board shall establish performance targets for each Award for a period of no less than a year based upon some or all of the operational, financial or performance criteria listed in Exhibit A attached, and determine whether the Award is intended to satisfy the Section 162(m) Requirements, as described in Exhibit A. The Board shall also establish such other terms and conditions as it deems appropriate to such Award. The Award may be paid out in cash or Common Stock as determined in the sole discretion of the Board.
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Achievement of Performance Goals 
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Related to Achievement of Performance Goals

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.