Units Earned Clause Samples

The "Units Earned" clause defines how and when a party accrues credit or recognition for completed work, services, or milestones under an agreement. Typically, this clause outlines the criteria for earning units, such as completion of specific tasks, delivery of goods, or achievement of performance benchmarks, and may specify the timing or documentation required for units to be officially recognized. Its core practical function is to provide a clear and objective basis for measuring progress and determining compensation or advancement, thereby reducing disputes and ensuring both parties understand when obligations have been met.
POPULAR SAMPLE Copied 1 times
Units Earned. At the end of the performance period indicated in the Award Notice, the number of Units earned by the Participant shall be determined, in the sole discretion of the Committee, as set forth in the Summary of Terms and Conditions delivered to the Participant.
View SourceView Similar (8)
Units Earned. The number of Units earned pursuant to this Grant Agreement is a function of the extent to which the corresponding Performance Goals described in the table below are achieved for each applicable goal. Maximum $ 1,631 $ 172 200 % 15% Above Target $ 1,563 $ 164 150 % 10% Above Target $ 1,495 $ 157 125 % Target $ 1,359 $ 143 100 % Threshold $ 1,087 $ 114 50 % Below Threshold <$ 1,087 <$ 114 0
View Source
Units Earned. Except as otherwise provided in Paragraph 3 below, the Incentive Units granted hereunder shall be earned as follows (with such Units being earned under each Tranche only upon the first occurrence of the achievement of the relevant closing price threshold): Tranche A: For each Incentive Unit granted, a Unit is earned if trading in the Units on the Nasdaq Global Market or such other national securities exchange on which the Units are then trading closes at greater than $20 per Unit for three consecutive days; and Tranche B: For each Incentive Unit granted, an additional Unit is earned if trading in the Units on the Nasdaq Global Market or such other national securities exchange on which the Units are then trading closes at greater than $30 per Unit for three consecutive days; and Tranche C: For each Incentive Unit granted, an additional Unit is earned if trading in the Units on the Nasdaq Global Market or such other national securities exchange on which the Units are then trading closes at greater than $40 per Unit for three consecutive days.
View Source
Units Earned. At the end of the performance period indicated above or in any Award Notice, the Participant shall earn the number of Units indicated above or in any Award Notice to the extent the Performance Goals set forth above or in any Award Notice or Summary of Terms and Conditions delivered to the Participant.
View Source

Related to Units Earned

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • 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 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.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.