Individual Performance Component definition

Individual Performance Component means the portion of a Participant’s Plan award that is based on a Participant’s performance relative to individual objectives established in accordance with Section 7C.
View Source
Individual Performance Component means the portion of a Participant's Plan award that is based on a Participant's performance relative to individual objectives established in accordance with Section 7C.
View Source
Individual Performance Component means the portion of the incentive compensation that is paid based on the Executive's individual performance against pre-established Individual Performance Objectives.
View Source

Examples of Individual Performance Component in a sentence

  • No payment shall be made under this Incentive Award until the Committee determines the amount that the Participant has earned under the AFFO Component and the Individual Performance Component.

  • Under the Individual Performance Component, the Participant may earn a cash payment based on the Participant’s individual performance during 2016.

  • The amount that the Participant earns under the Individual Performance Component shall be determined by the Committee and the amount may range from 20% of 50% of the Participant’s 2016 base salary to 20% of 200% of the Participant’s 2016 base salary.

  • If a Control Change Date occurs before January 1, 2017 and the Participant remains in the continuous employ of the Company or an Affiliate from the Date of Grant until the Control Change Date then the Participant shall be entitled to receive (i) the Target Payout under each of the AFFO Component and the RevPar Growth Component and (ii) the amount, if any, of the Individual Performance Component determined by the Committee.

  • No payment shall be made under this Incentive Award until the Committee determines the amount that the Participant has earned under the AFFO Component, the RevPAR Growth Component and the Individual Performance Component.

  • One-third of the Individual Performance Component shall be forfeited each time the Recipient receives less than “exceeds expectations” on any of the Recipient’s three annual evaluations in the Performance Period.

  • The amount that the Participant earns under the Individual Performance Component shall be determined by the Committee and the amount may range from $0 to $________.

  • The amount that the Participant earns under the Individual Performance Component shall be determined by the Committee and the amount may range from $0 to $____.

  • The amount, if any, earned under the Individual Performance Component shall be determined by the Committee, in its sole discretion, based on the Committee’s evaluation and assessment of the Participant’s contributions to the Company during 2012.

  • The amount, if any, earned under the Individual Performance Component shall be determined by the Committee, in its sole discretion, based on the Committee’s evaluation and assessment of the Participant’s contributions to the Company during 2016.

Related to Individual Performance Component

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • Key Performance Indicators or “KPIs” means the performance measurements and targets set out in Part 3 of Schedule 1 (Services) of this Framework Agreement;