Common use of Performance Terms Clause in Contracts

Performance Terms. Based upon representations made by the Employee, as well as expectations of the Employer, the following performance terms are entered into: Employee understands that failure to reach said benchmarks or performance terms may result in reassignment, demotion or termination. Employee further understands that reaching these benchmarks or performance terms constitutes a reasonable and substantial condition of employment but does not in any way guarantee or promise continued employment.

Performance Terms. Based upon on representations made by the Employee, as well as expectations of the Employer, the following performance terms are entered into: [See attachment “A”] The Employee understands that failure to reach said benchmarks or performance terms may result in reassignment, demotion or termination. Employee further understands that reaching these benchmarks or performance terms constitutes a reasonable and substantial condition of employment but does not in any way guarantee or promise continued employment.