Performance Component Sample Clauses

A Performance Component clause defines the specific standards or metrics that a party must meet in fulfilling their contractual obligations. This clause typically outlines measurable criteria such as deadlines, quality benchmarks, or service levels that must be achieved during the contract term. By clearly specifying what constitutes satisfactory performance, the clause helps ensure accountability and provides a basis for evaluating whether obligations have been met, thereby reducing disputes and misunderstandings.
Performance Component. The variable component of the Advisory Fee as described in Section 10(b).
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Performance Component. The Annual Cash Bonus will be payable based on the Company’s relative return on average equity (“Relative ROAE”).
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Performance Component. Teacher performance is evaluated during the formal observations and periodic classroom walkthroughs. Fifty percent of the effectiveness rating will be attributed to teacher performance through a holistic evidence-based process utilizing an evaluation rubric based upon the Ohio Standards for the Teaching Profession.
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Performance Component. The remaining fifty percent (50%) of your Incentive Bonus will vest and be earned based on a combination of your continued employment with the Company or any member of the Company Group and the achievement of certain performance metrics (the “Performance Component”). The Performance Component will be subdivided into five tranches as set forth on Exhibit A attached hereto (each, a “Performance Tranche”). Each Performance Tranche will vest and be earned in accordance with the terms of Exhibit A. You agree that you will repay to the Company the After-Tax Value of the Unvested Portion of the Performance Component within 20 days following the earlier to occur of (i) the Performance Completion Date and (ii) the termination of your employment with the Company and the Company Group for any reason other than a Qualifying Termination; provided, however, that the “Performance Completion Date” will be replaced with the “Emergence Date” in certain circumstances for any repayment requirement with respect to Performance Tranche 2 (as described on Exhibit A), in which case you will repay to the Company the After-Tax Value of the Unvested Portion of the Performance Component that relates to Performance Tranche 2 within 20 days following the Emergence Date. For the sake of clarity, you will not be required to repay any Vested Portion of the Performance Component.
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Performance Component. The Restricted Stock Units subject to this Award Agreement shall vest if and to the extent that the Company Value, as of any Measurement Date, is equal to or greater than the values set forth below, subject to the Participant remaining a Service Provider through the applicable Determination Date related to such Measurement Date: a. Upon achievement of a Company Value that is equal to $2,500,000,000 (the “Minimum Threshold”), one sixth (1/6th) of the Restricted Stock Units subject to this Award Agreement will vest. b. Upon achievement of a Company Value that is equal to or greater than $5,000,000,000 (the “Maximum Threshold”), one hundred percent (100%) of the Restricted Stock Units subject to this Award Agreement will vest. c. Upon achievement of a Company Value that is between the Minimum Threshold and the Maximum Threshold, a portion of the Restricted Stock Units subject to this Award Agreement will vest between one sixth (1/6th) and one hundred percent (100%) based on straight line linear interpolation. d. For the avoidance of doubt, no Restricted Stock Units subject to this Award Agreement will vest on a Measurement Date if Company Value is beneath the Minimum Threshold.
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Performance Component. (i) The remaining one-third of your Incentive Bonus will vest and be earned based on the achievement of certain incentive requirements (the “Performance Component”), subject to your continued employment with the Company through the Measurement Date unless you incur a Qualifying Termination, in which case your Incentive Bonus will vest as if you remained employed with the Company through the Measurement Date. Exhibit A sets forth the contemplated (i) relevant Performance Goals for each Performance Period and (ii) the percentage of your Performance Component amount earned upon the achievement of the applicable Performance Goals. Exhibit A may be revised by the Board in its discretion, but will be completed and finalized with respect to each Performance Period (as defined in Exhibit A) no later than the earlier of (i) date the Company files for bankruptcy under Chapter 11 of the Bankruptcy Code or (ii) the day immediately prior the beginning of the relevant Performance Period. The final version of Exhibit A will be made available to you promptly following approval by the Board. Each Performance Metric will vest and be earned in accordance with the terms of Exhibit A of this Agreement. (ii) You shall earn a target amount of one-half of the Performance Component as of the end of each Performance Period, depending upon the extent to which the Performance Goals have been achieved for such Performance Period as determined based on the achievement, on a Performance Metric by Performance Metric basis, of (i) the Quarterly Performance Goals for the First Performance Period and (ii) either the (A) Quarterly Performance Goals or (B) Cumulative Performance Goals, whichever results in the greater payout, for the Second Performance Period. To the extent the Measurement Date occurs prior to the end of any Performance Period, performance for the Performance Period will be measured as of the Measurement Date and pro-rated as appropriate. If the Measurement Date occurs in the First Performance Period, the Performance Goals for the Second Performance Period will be deemed to be earned at 100%. Within 45 days of the Measurement Date, the Company will determine the amount of the Performance Component that has been earned and vested, which may not exceed the value of the Performance Component (the “Vested Portion”). (iii) You agree that in the event your employment with the Company terminates for any reason other than a Qualifying Termination before the Measurement Date, you will...
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Performance Component. The variable component of the Management Fee as described in Section 10(a).
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Performance Component. The variable component of the Advisory Fee as described in Paragraph Error! Reference source not found..
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Performance Component. The amount of the variable performance component is based on the attainment of the company goals. The performance component is recorded as a “bonus range” in per cent of the basic wage. Depending on the function, the bonus range is a minimum of 0-5% and a maximum of 0-20%. If the attainment of the company’s goals is 100%, half of the performance component will be paid out (target bonus). Lower or higher target attainments will be calculated accordingly. A maximum of the up- per end of the bonus range will be paid out. In consultation with the employee, it is possible, in addition to the performance component for the at- tainment of the company goals, to set individual goals and to remunerate the employee via a separate bonus agreement. A higher bonus range can be set for employees who only work in sales.
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Related to Performance Component

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

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

  • Performance Metrics The Influencer shall aim for a minimum engagement rate of [SPECIFY PERCENTAGE, e.g., 3%] on all posts associated with the Campaign. Engagement rate is calculated as the sum of likes, comments, shares, and other interactions divided by the total number of followers at the time of posting. The Influencer agrees to achieve a minimum reach of [SPECIFY NUMBER] unique viewers per post, or a cumulative reach of [SPECIFY NUMBER] across the Campaign. Impressions data will be provided through the Influencer’s analytics tools and verified by the Company when requested. For posts incorporating a call-to-action, such as links to the Company’s website or landing page, the Influencer will target a CTR of at least [SPECIFY PERCENTAGE, e.g., 2%]. CTR is measured as the ratio of clicks to impressions, based on data from tracking links provided by the Company. The Influencer may be expected to drive specific actions (e.g., sales, sign-ups, downloads) using unique tracking codes or referral links. Specific conversion targets will be detailed between the Parties. The Influencer shall submit performance reports on a [WEEKLY/BI-WEEKLY/MONTHLY] basis. These reports must include detailed metrics for each published post, such as: number of likes, comments, shares, and other engagement interactions; reach and impressions per post; click-through data and referral link activity; and conversion data (if applicable). Within [NUMBER] days following the end of the Campaign, the Influencer shall provide a comprehensive post-campaign report summarizing overall performance against all agreed KPIs, including supporting documentation (e.g., screenshots, analytics dashboard exports). The Influencer agrees to provide access to analytics platforms or third-party verification tools to authenticate the reported data, if requested by the Company. The Parties agree to conduct a review of the performance metrics within the first [NUMBER] days of the Campaign to ensure the targets remain realistic and reflective of current market conditions. Adjustments may be made in writing if necessary. If the Influencer consistently fails to meet the established KPIs without valid justification, the Parties shall meet in good faith to discuss potential remedies, which may include adjustments to the compensation structure or additional promotional support, as mutually agreed upon. The Company may specify certain analytics tools or platforms for measuring and reporting performance metrics. The Influencer shall utilize these specified tools where applicable to ensure consistency and transparency in data reporting. In instances where independent verification of performance data is required, the Influencer agrees to cooperate with third-party verification services designated by the Company to validate the metrics reported.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Performance Testing (a) All performance tests of the Project, including any Initial Performance Test required in Section 2 of Appendix VIII, will be performed in accordance with the test procedures set forth in Appendix VIII (“Performance Test”), including additional procedures and protocols related to Performance Testing as mutually agreed between Buyer and Seller (“Test Procedures”). Seller shall bear all costs and receive all revenues, if applicable, associated with all Performance Tests. (b) After the Initial Delivery Date and during the Delivery Term, Buyer will have the right to conduct a Performance Test (“Buyer Performance Test”) no more than once a calendar year to demonstrate whether the Project is capable of delivering the Distribution Services at the Contract Capacity. Within 30 calendar days following a Buyer Performance Test, Seller will have the right to retest the Project with a Performance Test (“Seller Retest”). For the avoidance of doubt, the results of any Seller Retest will supersede the results of the preceding Buyer Performance Test. (i) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is capable of delivering Distribution Services at or above ninety-nine percent (99%) of the Initial Contract Capacity, the Contract Capacity will remain the Initial Contract Capacity; (ii) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is capable of delivering Distribution Services at more than or equal to eighty-five (85%) of the Initial Contract Capacity, but less than ninety-nine percent (99%) of the Initial Contract Capacity (“Testing Band”), the Contract Capacity will be automatically adjusted (upwards or downwards) to the capacity commensurate with the amount of Distribution Services the Project delivered during the Performance Test within the Testing Band. (iii) If a Buyer Performance Test or, if a corresponding Seller Retest has occurred, a Seller Retest demonstrates the Project is not capable of delivering Distribution Services of at least eighty-five percent (85%) of the Initial Contract Capacity, an Event of Default shall occur in accordance with Section 7.1(a)(viii).