Company Performance Factor Clause Samples

Company Performance Factor. (1) The Company Performance Factor for each Performance Period is a percentage multiplier, calculated to two decimal places, determined by the Committee for purposes of calculating payouts under the Company’s annual cash incentive program for performance that occurred during the applicable Performance Period. As an example, the determination of the Company Performance Factor for the annual cash incentive program for fiscal 2010 is described on pages 20-22 of the Company’s Proxy Statement for its annual meeting of stockholders held on November 4, 2010. The manner of determining the Company Performance Factor for each Performance Period for purposes of this Section 4 shall be established by the Committee no later than 90 days after the commencement of each Performance Period. (2) The Committee retains complete discretion to modify, from one year to the next, the manner in which it calculates payouts under the Company’s annual cash incentive program, which may include changes in the way the Company Performance Factor is calculated (such as changes in the number, nature and weighting of financial and operational metrics upon which applicable performance goals are based, or changes in the level of achievement required to satisfy any applicable performance goal) and the use of a multiplier other than the Company Performance Factor. Any changes from one Performance Period to the next in the way the Company Performance Factor is calculated for a Performance Period for purposes of the annual cash incentive program shall equally apply to calculations affecting this Award under this Section 4. If the Committee makes other changes in the manner in which it calculates payouts under the Company’s annual cash incentive program that will affect any Performance Period, then the Committee shall adapt the calculation methodology used under the annual cash incentive program as may be necessary to enable it to derive a Company Performance Factor for such Performance Period that may equitably be utilized for purposes of calculations under this Section 4. Any such adaptations and derivations made by the Committee pursuant to this Section 4(b)(2) shall be final, binding and conclusive for all purposes hereunder.
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Company Performance Factor. The Company Performance Factor is determined as follows: Company Performance Factor = NOPAT In the event that the Company Performance Factor calculates at less than .6, the Company Performance Factor shall be zero for that year.
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Related to Company Performance Factor

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.

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

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.