Common use of Establishment of Performance Objectives Clause in Contracts

Establishment of Performance Objectives. With respect to any Performance Award, the Committee shall establish in writing the Performance Objectives, the performance period, and any formula for computing the payout of the Performance Awards. Such terms and conditions shall be established in writing during the first ninety days of the applicable performance period (or by such other date as may be determined by the Committee, in its discretion).

Appears in 2 contracts

Sources: Stock Plan (Eaton Corp PLC), Stock Plan