Performance Conditions to Award Clause Samples

Performance Conditions to Award. Pursuant to this Award, you will earn the targeted Units credited to your RSU Account on the Performance Measurement Dates set forth above provided that the following performance target has been satisfied on the applicable Performance Measurement Date: 4% growth in adjusted book value per common share as defined in Annex A attached hereto and made a part hereof during the applicable Performance Period. In the event the performance target with respect to the A Units is not satisfied on the applicable Performance Measurement Date, you will earn 75% of the targeted A Units on December 31, 2010 if the performance target is satisfied on such date, and if not, you will earn 50% of the targeted A Units on December 31, 2011 if the performance target is satisfied on such date. In the event the performance target with respect to the B Units is not satisfied on the applicable Performance Measurement Date, you will earn 75% of the targeted B Units on December 31, 2011 if the performance target is satisfied on such date. The extent to which the Company will have satisfied the performance target, and any Units will have been earned, will be determined by the Compensation Committee of the Company’s Board of Directors (the “Committee”) as soon as practicable following the close of each Performance Period.
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Performance Conditions to Award 
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Related to Performance Conditions to Award

  • Performance Condition Notwithstanding the vesting schedule stated in the Award Notification, your Restricted Shares shall not vest unless the Company achieves positive Adjusted Net Earnings in any fiscal year during the term of the Award. “Adjusted Net Earnings” means net earnings determined in accordance with GAAP as publicly reported by the Company for a fiscal year, adjusted to eliminate the following: (1) the cumulative effect of changes in GAAP; (2) gains and losses from discontinued operations; (3) extraordinary gains or losses; and (4) any other unusual or nonrecurring gains or losses which are separately identified and quantified, including merger related charges. 

  • Performance Conditions The Shares shall be issuable only if (and to the extent) that the Performance Criteria, set forth herein, are satisfied during the Performance Period. The Controller of the Company and the Compensation Committee of the Board of Directors of the Company shall certify whether, and to what extent, the Performance Criteria have been achieved. If the minimum performance is not met, no Shares shall be issued and the Award shall be forfeited.

  • 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.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.