Calculation of Performance Sample Clauses
The "Calculation of Performance" clause defines the method and criteria for measuring whether a party has met its contractual obligations. Typically, this clause outlines the specific metrics, standards, or benchmarks that will be used to assess performance, such as delivery timelines, quality thresholds, or quantitative targets. By establishing clear guidelines for evaluation, this clause ensures both parties have a mutual understanding of expectations and provides a basis for resolving disputes related to performance.
Calculation of Performance. For the Performance Factor: TSR will be calculated for each member of the Peer Group. The Company’s TSR percentile rank in the Peer Group will be utilized to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels:
Calculation of Performance. The Fund’s performance will be the cumulative percentage increase (or decrease) in its net asset value per share over the Performance Period and will be calculated as the sum of: (1) the change in the Fund’s net asset value per share during such period and (2) the value per share of the Fund distributions from income or capital gains (long- or short-term) having an ex-dividend date occurring within the Performance Period and assumed to have been reinvested at the net asset value on ex-date. Thus, the Fund’s performance will be calculated in accordance with the SEC’s standardized total return formula. The Performance Adjustment to be paid to the Adviser will be accrued during the last quarter of the Performance Period and paid shortly after the last day of the Performance Period. To determine the Performance Adjustment, the Performance Adjustment Rate shall be multiplied by the value of the Fund's average daily net assets in the most recent Performance Period. Expenses in excess of any maximum expense limitation assumed by the Adviser or Distributor, if any, shall not be included for the purpose of computing the daily net asset value of a Fund share. The Base Fee will be accrued daily, as explained above, and will be paid monthly to the Adviser during the quarter. However, in a period where a negative Performance Adjustment is applied, the Base Fee paid the Adviser shall be the Base Fee adjusted for the negative Performance Adjustment. Continuing with the example above, the adjusted Advisory Fee applied to the period of time from October 1, 2007, through December 31, 2007, would be a Base Advisory Fee equal to an annualized rate of 0.90% (the Base Advisory Fee Rate) times the value of the Fund’s average daily net assets in the calendar quarter plus a Performance Adjustment equal to an annualized rate of 0.13% (the Performance Adjustment Rate) times the value of the Fund’s average daily net assets in the Performance Period. Fund expenses for the existing class of shares (Class N) shall in no case exceed the maximum operating expense limitation of 1.75% of the value of its average net assets. The Adviser will reimburse operating expenses, if necessary, to ensure the expense ratio of the Fund does not exceed the maximum operating expense limitation for the fiscal year. New classes of shares of the Fund may carry a different operating expense limitation. Fund: Balanced Fund (the “Fund”) Fund Inception Date: 06/30/2001 Effective Date of Exhibit: 10/22/2003 The F...
Calculation of Performance. For the Performance Factor: TSR will be calculated for each member of the Peer Group. The Company’s TSR percentile rank in the Peer Group will be utilized to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: < 25% 0 % 25% 25 % Threshold 35% 50 % 45% 75 % 50% 100 % Target 55% 125 % 65% 150 % 75% 175 % 90% & Up 200 % Maximum The percentile rank will be reduced to the next lowest level if the final percentile rank does not equal one of the levels listed in the above schedule. For example, if the Company’s Percentile Rank is 48%, 0.75% of one Share will be issued with respect to each Performance Share.
Calculation of Performance. For the Performance Factor, the performance for the Company and the Peer Group members will be determined and then the percentile raking of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank will be used to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: The percentile rank will be reduced to the next lowest level if the final percentile rank does not equal one of the levels listed in the above schedule. For example, if the Company’s Percentile Rank is 48%, 0.75% of one Share will be issued with respect to each Performance Share.
Calculation of Performance. For the Performance Factor, the performance level will be determined at the end of the Performance Period. The performance level will then be multiplied by the Performance Weighting Fraction, resulting in the Company’s Performance Level. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: BaseLine = > $ 0.95 Performance Weight = > 100 % 7.80 % 130.0 % 145 % 7.60 % 126.7 % 140 % 7.40 % 123.3 % 135 % 7.20 % 120.0 % 130 % 7.00 % 116.7 % 125 % 6.80 % 113.3 % 120 % 6.60 % 110.0 % 115 % 6.40 % 106.7 % 110 % 6.20 % 103.3 % 105 % 5.87 % 97.8 % 95 % 5.73 % 95.6 % 90 % 5.60 % 93.3 % 85 % 5.47 % 91.1 % 80 % 5.33 % 88.9 % 75 % 5.20 % 86.7 % 70 % 5.07 % 84.4 % 65 % 4.93 % 82.2 % 60 % 4.80 % 80.0 % 55 % 4.67 % 77.8 % 50 % 4.53 % 75.6 % 45 % 4.40 % 73.3 % 40 % 4.27 % 71.1 % 35 % 4.13 % 68.9 % 30 %
Calculation of Performance. For each Performance Factor, the performance for Old National and the peer banks will be determined and then ranked. Old National's rank will then be multiplied times the Performance Weight for each Performance Factor, resulting in Old National's Weighted Average Performance Rank. The Weighted Average Performance Rank will be used to determine Old National's Relative Percentile Ranking. The table below shows the percent of the Shares Awarded (Section 1 of Agreement) that may be earned at various percentile rankings: WEIGHTED AVERAGE PERCENTILE RANK VS. % OF SHARES PERFORMANCE PEER GROUP EARNED LEVEL ------------------- ----------- ----------- >= 75% 200% Maximum 70% 180% 65% 160% 60% 140% 55% 120% 50% 100% Target 45% 75% 40% 50% 35% 25% Threshold < 35% 0% If Old National's percentile ranking is between the points shown above, the payout will be interpolated. TIMING FOR AWARD DETERMINATION Once performance for Old National and the Peer Group is known, and the corresponding percentile ranking is calculated, one of the following scenarios will occur:
Calculation of Performance. The Fund’s performance will be the cumulative percentage increase (or decrease) in its net asset value per share over the Performance Period and will be calculated as the sum of: (1) the change in the Fund’s net asset value per share during such period and (2) the value per share of the Fund distributions from income or capital gains (long- or short-term) having an ex-dividend date occurring within the Performance Period and assumed to have been reinvested at the net asset value on ex-date. Thus, the Fund’s performance will be calculated in accordance with the SEC’s standardized total return formula.
Calculation of Performance. Statistics To process and store the performance statistics of the detection modules (e.g. AID) C CSST Non Functi onal - For maintenance and enhancement of the detection SW modules (e.g. AID module) CSST - SP5_UC131 SP5_UC132_ V.0.1 SP5_UC14 1.01.06 2.02.06 REQ ID # NAME REQUIREMENTS DEFINITION RELEVANCE RESPONSABILITY TYPE OF REQUIREMENT ACCEPTANCE RATIONALE ORIGINATOR ASSUMPTIONS USE CASES USER NEEDS 4.03.02 External data External data/information should be easily integrated into the Information Centre. S System developer NF To minimize amount of work and to keep processing time as low as possible. PTV/TU M SP5_UC411, 412, 42, 43,44, 22, 31,33, 52, 55 SP4_UC6B,6 C,8A,9A,1A,1 B,1C,1F,1D 4.05.04
Calculation of Performance. Table 1 below sets forth the EV growth and Adjusted EPS growth goals and the corresponding Vesting Percentage, together with the percentage of threshold, target, target plus and maximum, with respect to EVG Performance RSUs and Adjusted EPS Performance RSUs, respectively, that may vest, not to exceed in the aggregate 250% of the total number of shares of Performance-Based RSUs awarded pursuant to the Agreement and subject to the application of the Relative TSR Modifier in Table 2. The attainment of the specified EV growth and Adjusted EPS growth goals and the Relative TSR Modifier as of the end of the Performance Period to which such goals relate shall be determined by the Committee after the audited results are available for such Performance Period, but in no event later than March 15th following the year which includes the last day of the Performance Period, except as otherwise provided in the Agreement. For purposes of the Agreement, the target number of EVG Performance RSUs awarded to the Grantee is [●] and the target number of Adjusted EPS Performance RSUs awarded to the Grantee is [●]. Subject to the application of the Relative TSR Modifier set forth in Table 2 below, the actual performance must meet or exceed the threshold percentage goal of EV growth set forth in Table 1 below or the threshold percentage goal of Adjusted EPS growth set forth in Table 1 below, in each case, for the Performance Period in order for any portion of the EVG Performance RSUs or Adjusted EPS Performance RSUs, respectively, to vest. The maximum number of Performance-Based RSUs that may vest based on achievement at the maximum level of the performance goals after application of the Relative TSR Modifier is 250% of the target number of Performance-Based RSUs granted under the Agreement. The Grant is in an amount of RSUs equal to the maximum number of RSUs that may vest pursuant to this Agreement and this Schedule A, an amount which is equal to [●] RSUs. Except as otherwise provided in the Agreement, any EVG Performance RSU or Adjusted EPS Performance RSUs that do not become vested pursuant to paragraphs 1 or 2 above, respectively, shall be immediately forfeited, effective as of the end of the Performance Period, without any further action of the Company and without any consideration being paid therefor, subject to Section 3(b) or 3(c) of the Agreement, as applicable. The actual number of EVG Performance RSUs or Adjusted EPS Performance RSUs that become vested hereunder shall ...
Calculation of Performance. For each relative Performance Factor, the performance for the Company and the Peer Group members will be determined and then the percentile raking of the Company shall be determined as compared to the Peer Group. The Company's Average Percentile Rank will be the average of the Company's percentile rankings for each of the Performance Factors. The Company's Average Percentile Rank will be used to determine the percentage, if any, of the Shares earned under the Performance Share award. The table below shows the percentage of Shares to be issued with respect to each Performance Share (before any Dividend Adjustment or tax withholding) at various performance levels: The average percentile rank will be reduced to the next lowest level if the final average percentile rank does not equal one of the levels listed in the above schedule. For example, if the Company's Average Percentile Rank is 48%,.75% of one Shares will be issued with respect to each Performance Share.