Establishment of Performance Goals Sample Clauses
The Establishment of Performance Goals clause defines the process by which specific objectives or benchmarks are set for parties involved in an agreement. Typically, this clause outlines who is responsible for setting these goals, the criteria or metrics to be used, and the timeline for their establishment and review. For example, it may require a manager to set quarterly sales targets for an employee or specify project milestones for a contractor. Its core practical function is to provide clear expectations and measurable standards, ensuring accountability and facilitating performance evaluation throughout the contractual relationship.
Establishment of Performance Goals. Executive and the Company hereby agree to the goals and objectives set forth on Exhibit “A” attached hereto for the Fiscal Year (the “Performance Goals”). Executive acknowledges and agrees that for purposes of this Agreement Executive’s performance will be measured using the Performance Goals.
Establishment of Performance Goals. Prior to the first quarter of each fiscal year, Executive and the Compensation Committee of the Board will agree on the following items with respect to that year: (A) all Corporate Annual Bonus performance goals (which will be based on achieving the Company's annual budget), and (B) with respect to the Individual Annual Bonus
Establishment of Performance Goals. CEO and the Company hereby agree to the goals and objectives set forth on Exhibit “A” attached to this Agreement for each of the following performance areas: long-term strategy, growth, financial performance, corporate governance and human capital (the “Performance Goals”). CEO acknowledges and agrees that for purposes of this Agreement, CEO’s performance will be measured using the Performance Goals.
Establishment of Performance Goals. Not later than during the first 90 days of the applicable year, the Committee shall establish performance goals (the “Performance Goals”) for each of the three calendar years in the performance cycle commencing January 1, 2016 and ending December 31, 2018 (the “Performance Cycle”). The Performance Goals for calendar year 2016 shall be based on the achievement of performance objectives related to EBITDA, as defined for purposes of the Company’s principal bank credit agreement in effect on the date hereof, established by the Committee. The Performance Goals for each subsequent year in the Performance Cycle shall be established by the Committee using any of the performance criteria permitted to be used for the grant of Performance Units under the Plan.
Establishment of Performance Goals. With respect to Awards intended to satisfy the Performance-Based Exception, the Committee shall establish Performance Goals for the applicable Performance Period (which may be the same or different for some or all Eligible Persons) and may establish the threshold, target and/or maximum Bonus Opportunity for each Grantee for the attainment of specified threshold, target and/or maximum Performance Goals. Performance Goals and Bonus Opportunities shall be set forth in the applicable Award Agreement, and may be weighted for different factors and measures as the Committee shall determine. For Awards intended to satisfy the Performance-Based Exception with a Performance Period based on a Year, or a period lasting longer than a year, the establishment required by this Section 5.7(d) shall occur within the first ninety (90) days of such Year or Performance Period, as applicable. For Awards intended to satisfy the Performance-Based Exception with a Performance Period lasting less than a year, the establishment required by this Section 5.7(d) shall occur on or prior to the date that is no later than twenty-five percent (25%) through the duration of the relevant Performance Period.
Establishment of Performance Goals. The Committee shall establish in writing the performance goals for each performance period, which shall be based on any of the following business criteria, either alone or in any combination, and on either a consolidated or business unit level, as the Committee may in each case determine: return on net assets, return on capital employed, economic value added, level of sales, net revenue, earnings per share, income before income taxes and the cumulative effect of accounting changes, operating income, net income, earnings before interest and taxes, return on equity, total shareholder return, market valuation, cash flow, completion of acquisitions, product and market development, and customer satisfaction criteria. The foregoing terms shall have any reasonable definitions that the Committee may specify, which may include or exclude any or all of the following items, as the Committee may specify: extraordinary, unusual, or non-recurring items; effects of accounting changes; effects of currency fluctuations; effects of financing activities; expenses for restructuring or productivity initiatives; non-operating items; acquisition expenses; and effects of divestitures. Any of the foregoing criteria may apply to a Participant's award opportunity for any period in its entirety or to any designated portion of the award opportunity, as the Committee may specify.
Establishment of Performance Goals. All Performance Goals relating to Covered Participants for a relevant Performance Period shall be established by the Committee in writing prior to the beginning of the Performance Period, or by such other later date for the Performance Period as may be permitted under Section 162(m) of the Code. The Performance Goals may be identical for all Participants or, at the discretion of the Committee, may be different to reflect more appropriate measures of individual performance.
Establishment of Performance Goals. With respect to Awards intended to satisfy the Performance-Based Exception, the Committee shall establish Performance Goals for the applicable Performance Period (which may be the same or different for some or all Eligible Persons) and may establish the threshold, target and/or maximum Incentive Opportunity or vesting provisions for each Grantee for the attainment of specified threshold, target and/or maximum Performance Goals. Performance Goals, Incentive Opportunities and vesting provisions shall be set forth in the applicable Award Agreement, and may be weighted for different factors and measures as the Committee shall determine.
Establishment of Performance Goals. Prior to the beginning of each fiscal year after the Effective Date, the Committee shall establish, in writing, Performance Goals for the Company and its various operating units and its Subsidiaries. The goals shall be comprised of specified annual levels of one or more performance criteria as the Committee may deem appropriate. Such goals may include, but shall not be limited to, earnings per share, net earnings, operating earnings, unit volume, net sales, market share, balance sheet measurements, revenue, cash flow, cash return on assets, shareowner return, return on equity, return on capital or other value-based performance measures. The Committee may disregard or offset the effect of any special charges or gains, the cumulative effect of a change in accounting, or the effect of other expenses or losses that are unusual in nature or infrequent in occurrence, in determining the attainment of Performance Goals. Awards may also be made payable when Company performance, as measured by one or more of the above criteria, as compared to peer companies, meets or exceeds an objective target established by the Committee.
Establishment of Performance Goals. The performance cycle for this Award is the period commencing January 1, 2018 and ending December 31, 2020 (the “Performance Cycle”). Each calendar year within the Performance Cycle is referred to as an “Annual Performance Period.” The number of Shares that you may receive upon the vesting of this Award is based on the extent to which annual performance goals are achieved. Within the first 90 days of each Annual Performance Period, the Committee shall establish performance goals (the “Performance Goals”) for such Annual Performance Period. The Performance Goals for the 2018 Annual Performance Period shall be based on the achievement of performance objectives related to EBITDA, as defined for purposes of the Company’s principal bank credit agreement in effect on the date hereof, established by the Committee. The Performance Goals for each remaining Annual Performance Period in the Performance Cycle shall be established by the Committee using any of the Performance Criteria permitted to be used for the grant of Performance Units under the Plan.