Performance Objective Sample Clauses

Performance Objective. The Committee shall determine whether the Performance Objective applicable to an Option has been met, and such determination shall be final and conclusive. Until the Committee has made such a determination, the Performance Objective may not be considered to have been satisfied. Notwithstanding any determination by the Committee that the Performance Objective has been attained with respect to particular Options, such Options shall not be considered to have vested unless and until the Optionee has satisfied the Time-Based Vesting Criteria applicable to such Options.

Performance Objective. The Performance Objective applicable to this Award shall be an adjusted economic combined ratio for the Company and its subsidiaries (the “Adjusted Economic Combined Ratio”) of 94% for the Award Period as a whole. The Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the Adjusted Economic Combined Ratio for each of the three Performance Periods as determined by the Board in its sole discretion.

Performance Objective. The Performance Objective shall be annual 11% Growth in Book Value per Common Share (GBVPS) including an adjustment for dividends paid. The GBVPS for the Award Period as a whole will be the average (mean) of the GBVPS as determined by the Board in its sole discretion for each of the three Performance Periods.

Performance Objective. The Performance Objective with respect to the Initial Performance Units is based on both (a) the Total Shareholder Return achieved by the Company relative to the Peer Companies (as defined below) for the Performance Period (the “Relative Total Shareholder Return”) and (b) the absolute annualized Total Shareholder Return achieved by the Company for the Performance Period (the “Absolute Total Shareholder Return”). “Total Shareholder Return” shall mean, as to the Company and each of the Peer Companies, the percentage rate of return shareholders receive through stock price changes and the receipt of cash dividends paid over the Performance Period, determined in accordance with the following formula: (Closing Value minus Initial Value plus Cash Dividends) divided by Initial Value, where:

Performance Objective. The Performance Objective shall be annualized Modified Operating Return on Equity over the Award Period.

Performance Objective. During the Term of the Agreement, CSC’s service provider will provide Customer with access to the Service Network without Service Outages (“Performance Objective”). For purposes of this Exhibit the following shall apply:

Performance Objective. The performance objective for Sections 3.1F and 3.1G are included in Attachment P 7.0.2

Performance Objective. The Performance Objective with respect to the Initial Performance Units is based on both (a) the Total Shareholder Return achieved by the Company relative to the Peer Companies (as defined below) for the Performance Period (the “Relative Total Shareholder Return”) and (b) the absolute annualized Total Shareholder Return achieved by the Company for the Performance Period (the “Absolute Total Shareholder Return”). “Total Shareholder Return” shall mean, as to the Company and each of the Peer Companies, the percentage rate of return shareholders receive through stock price changes and the receipt of cash dividends paid over the Performance Period, determined in accordance with the following formula: (Closing Value minus Initial Value plus Cash Dividends) divided by Initial Value, where: Closing Value means the average of the closing stock prices of the Company or such Peer Company, as applicable, on each trading day during the period beginning on the first day of the calendar month in which the last day of the Performance Period occurs and ending on the last day of the Performance Period; provided, however, that if a Peer Company ceases to have a class of common equity securities listed to trade under Section 12(b) or Section 12(g) of the Exchange Act during the Performance Period (determined after any applicable adjustment by the Committee pursuant to Section 9 hereof), then the Total Shareholder Return for such Peer Company shall be determined by the Committee as provided in the preceding provisions of this sentence but, from and after the date of such cessation, the price per share of such Peer Company’s common stock shall be deemed to be equal to the price per share of such common stock immediately prior to such cessation increased by the interest that would be earned on such amount if it were invested in U.S. Treasury securities of approximate equal duration to the portion of the Performance Period remaining after such cessation. Notwithstanding the foregoing, if Total Shareholder Return for the Company is required to be determined for purposes of Section 5(a) hereof, then the Closing Value with respect to the Company shall mean the fair market value (as determined in good faith by the Committee) of the consideration received by the stockholders of the Company with respect to each share of Common Stock as of the effective time of the Change of Control (as defined in Section 5(e) hereof); provided, however, that if such Change of Control is effected in a m...

Performance Objective. (a) WinStar shall achieve a Wireless Fiber Connectivity Availability of at least 99.95%. (b) A circuit is considered inoperative when there is a loss of signal or when its bit error rate is equal to or worse than 1.0 x 10-3. Schedule C