Minimum Performance Threshold definition

Minimum Performance Threshold means the “Minimum Performance Level” set forth in Annex IX (Performance Metrics) with respect to any Performance Metrics.
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Minimum Performance Threshold means (a) for each Fiscal Quarter during the 2017 Fiscal Year, Four Hundred Six Thousand Two Hundred Fifty and No/100 Dollars ($406,250.00) (prorated for any partial Fiscal Quarter, if necessary), (b) for each Fiscal Quarter during the 2018 Fiscal Year, Four Hundred Sixteen Thousand Four Hundred Six and No/100 Dollars ($416,406.00) (and prorated for any partial Fiscal Quarter) during the Term, (c) for each Fiscal Quarter during the 2019 Fiscal Year, Four Hundred Twenty-Six Thousand Eight Hundred Sixteen and No/100 Dollars ($426,816.00) (and prorated for any partial Fiscal Quarter) during the Term, (d) for each Fiscal Quarter during the 2020 Fiscal Year, Four Hundred Thirty-Seven Thousand Four Hundred Eighty-Seven and No/100 Dollars ($437,487.00) (and prorated for any partial Fiscal Quarter) during the Term, (e) for each Fiscal Quarter during the 2021 Fiscal Year, Four Hundred Forty-Eight Thousand Four Hundred Twenty-Four and No/100 Dollars ($448,424.00) (and prorated for any partial Fiscal Quarter) during the Term, and (f) for each Fiscal Quarter during each Fiscal Year thereafter, an amount equal to the amount due each Fiscal Quarter for the prior Fiscal Year, increased by two and one half of one percent (2.5%) for each Fiscal Year.
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Minimum Performance Threshold means the requirement to achieve year-to-date EBITDA, measured as of each month end set forth below for the fiscal year-to-date period then ending, of greater than the applicable amount set forth below: July 2009 $ (44,000,000 ) August 2009 $ (47,000,000 ) September 2009 $ (46,000,000 ) October 2009 $ (46,000,000 ) November 2009 $ (45,000,000 ) December 2009 $ (39,000,000 )
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Examples of Minimum Performance Threshold in a sentence

  • If two months within any given quarter are below the Minimum Performance Threshold, the Owner may provide written notice of this default, and the Operator shall cure said default by the next measurement period, by performing within 7% of the budgeted Gross Operating Profit.

  • THE ASSOCIATION may --------------------------------------- terminate the Agreement immediately upon written notice to NMS if NMS fails to meet the Minimum Performance Threshold for any two consecutive calendar months or for any three months of any calendar year.

  • In addition, in accordance with Section 6.4 of the Agreement, THE ASSOCIATION may terminate the Agreement immediately upon written notice to NMS if NMS fails to meet the Minimum Performance Threshold for any two consecutive calendar months or for any three months of any calendar year.

  • Commencing on the Effective ----------------------------- Date, NMS shall satisfy the Minimum Performance Threshold referenced in Schedule IV hereto which reflects the minimum level of acceptable performance by NMS of its duties hereunder.

  • Notwithstanding the foregoing termination right, if Operator does not meet the Minimum Performance Threshold because of an event of Force Majeure and the Operator is performing above 100% RGI or showing positive RGI Growth for the measurements period, a Gross Operating Profit below the Minimum Performance Threshold is allowable if the Gross Operating Profit budget variance is less than 65% of the Total Revenue budget variance.

  • As provided in Section 2.12.2 of the Agreement, if NMS fails to achieve the Minimum Performance Threshold for a standard during a given month, NMS will be assessed penalty points equal to the number set forth in the Penalty Points column.

  • Commencing November 1, 1999, the penalty points for failure to achieve the Minimum Performance Threshold described in Schedule IV shall go into effect and be applied to NMS's performance of its duties hereunder commencing on that date.

  • Except as otherwise provided in Section 4 hereof and subject to Section 6 hereof, if, after the Performance Period has concluded, the Committee certifies (the “Committee Certification”) that the Company achieved at least the Minimum Performance Threshold set forth in Exhibit A to this Agreement, then a number of Units, as determined by the procedures set forth in Exhibit A, will vest immediately.

  • If after the cure period, the Operator remains below the Minimum Performance Threshold, this Agreement shall automatically terminate without additional notice.

  • If a Final Outcome does not meet its Minimum Performance Threshold, as outlined in Table 5, then the Public Sector Benefits associated with that Final Outcome will not be calculated or included in the Early Outcome Payment.


More Definitions of Minimum Performance Threshold

Minimum Performance Threshold means the requirement to achieve year-to-date EBITDA, measured as of each month end set forth below for the fiscal year-to-date period then ending, of greater than the applicable amount set forth below:
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Minimum Performance Threshold has the meaning set forth in Section III.A of Annex II (Compensation – Incentives and Penalties).
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Related to Minimum Performance Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;