Performance Hurdles definition

Performance Hurdles means any minimum performance requirements (as specified in the Invitation Letter and determined by the Board in its discretion) which must be met prior to Options vesting and being capable of being exercised by a Participant;
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Performance Hurdles means any ongoing minimum performance requirements (as specified in the Invitation Letter and determined by the Board in its sole and absolute discretion) which must be met prior to Options and/or Performance Rights (as the case may be) vesting in a Participant;
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Performance Hurdles shall equal: (i) if Executive is ------------------- terminated after the end of the Company's fiscal year ending March 31, 1998 but prior to the end of the second quarter of the Company's fiscal year ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇ for the twelve-month period ending as of the end of the month immediately preceding the termination of at least $6 million; (ii) if Executive is terminated after the end of the second quarter of the Company's fiscal year ending March 31, 1999 but prior to the end of the Company's fiscal year ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇ for the twelve-month period ending as of the end of the month immediately preceding the termination of at least $9 million; (iii) if Executive is terminated after the end of the Company's fiscal year ending March 31, 1999 but prior to the end of the Company's fiscal year ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇ for the twenty-four month period ending as of the end of the month immediately preceding the termination of at least $24 million; and (iv) if Executive is terminated after the end of the Company's fiscal year ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇ for the twenty-four month period ending as of the end of the month immediately preceding the termination of at least $28 million. For purposes of determining whether the Performance Hurdle has been achieved, the Company's actual cumulative EBITDA will be determined by reference to the Company's annual audited financial statements (for all completed fiscal years within the measurement period) and monthly or other interim financial statements provided to the Company's lenders (for interim periods).
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Examples of Performance Hurdles in a sentence

  • Furthermore, the Committee shall, within 90 days of the discovery of all relevant material facts relating to a Material Reduction Event (as defined below) by the Committee, decrease Performance Hurdles (or otherwise make adjustments that increase the likelihood of Performance Hurdles being achieved), such that, in the Committee’s good faith and sole judgment, the likelihood of achievement of the various Performance Hurdles as adjusted is no less likely than prior to the Material Reduction Event.

  • In addition, for purposes of determining whether the Performance Hurdles and the Management Targets have been achieved, EBITDA shall be determined without giving effect to any (i) extraordinary items of loss or gain, (ii) fees payable by the Company to ▇▇▇▇ Capital, Inc.

  • Through the Adjusted EBITDA Certification Date, the Committee shall retain discretion to decrease Performance Hurdles (or otherwise make adjustments that increase the likelihood of Performance Hurdles being achieved) at any time.

  • Through the Adjusted EBITDA Certification Date, the Committee may, within 90 days of the discovery of all relevant material facts relating to a Material Accretion Event (as defined below) by the Committee, increase Performance Hurdles (or otherwise make adjustments that decrease the likelihood of Performance Hurdles being achieved).

  • Any such adjustment shall be made such that, in the Committee’s good faith and sole judgment, the likelihood of achievement of the various Performance Hurdles is no less likely than prior to the Material Accretion Event.

  • In the event of a Change of Control (as such term is defined in the Plan), any portion of your RSUs outstanding and unvested as of the Change of Control which would have vested during the twenty-four (24) month period following such Change of Control shall vest, subject to the achievement of the Performance Hurdles; provided that, such award shall be treated as though it vested annually pro rata over its vesting period.

  • If the -------------------------------------------------------- Company acquires all or substantially all of the assets or capital stock of another business or if the Company sells a substantial portion of its assets, the Company and the Executive will negotiate in good faith to make any appropriate adjustments to the Performance Hurdles and Management Targets based on the EBITDA of the acquired business or the EBITDA associated with the sold assets (as the case may be).

  • Such Special Stockholder Voting Rights shall be reinstated (as to any action of the Company thereafter being proposed) at the earlier of the time at which the Company (a) achieves the Performance Hurdles or (b) no longer reasonably believes it will be in default of the Senior Debt Covenants, as certified in writing to HMTF by the chief financial officer of the Company.

  • Upon termination of Service due to the Participant’s death, disability or Qualified Retirement, (i) the Participant will receive accelerated vesting with respect to (A) 50% of the unvested Units in the event that one, but not both, of the 2014 Performance Hurdles is satisfied and (B) 100% of the unvested Units in the event that both of the 2014 Performance Hurdles are satisfied and (ii) any remaining holding periods will be waived.

  • If you have a Termination of Employment as a result of a Disability, the Award shall continue to vest on the Award Date, provided you continue to comply with any applicable confidentiality and non-competition obligations you have to the Company and its Affiliates and subject to the achievement of the Performance Hurdles.


More Definitions of Performance Hurdles

Performance Hurdles means, for any fiscal quarter, the time at which (a) the Leverage Ratio is less than 95% of the maximum Leverage Ratio permitted under the Credit Agreement and (b) the Fixed Charges Ratio is greater than 105% of the minimum Fixed Charges Ratio permitted under the Credit Agreement.
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Performance Hurdles means the conditions relating to the performance of the Group (and the manner in which those conditions will be tested) for the purposes of determining the number of a Participant's Performance Rights which may be exercised, as set out in the Invitation;
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Performance Hurdles means the set of performance measures established on an annual basis by the PlanCo Board (based on the recommendations of the Medical Affairs Committee) for purposes of evaluating the quality of care provided to Enrollees in the NC Health Plan, which measures are expected to be derived from (a) the Healthcare Effectiveness Data and Information Set established by the National Committee for Quality Assurance on an annual basis; (b) other performance measures established by the NCDHB for insurance plans operating under an NCDHB Contract; and (c) such other quality-based performance measures (e.g., electronic claim rates, provider directory accuracy and electronic funds transfer sign-up rates) as may be agreed upon by the Parties; provided that during the stub period starting on the Effective Date and ending on December 31st of the same calendar year, the performance measures will be comprised only of the types of measures described in clauses (b) and (c) of this sentence due to the likely unavailability of Healthcare Effectiveness Data and Information Set data for PlanCo. Examples of the types of performance measures the Parties intend to be established from time to time by the PlanCo Board (based on the recommendations of the Medical Affairs Committee) are set forth on Exhibit A hereto.
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Performance Hurdles means the performance, vesting and/or other criteria (if any), which are determined by the Board and notified to the invited Employee or Officer with an invitation under Rule 2.2, and which are required to be met before Plan Shares to which such invitation relates may be withdrawn from the Plan by the Participating Employee or Officer, as reduced (if at all) or waived in whole or in part at any time by the Board and notified to the Participating Employee or Officer.
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Performance Hurdles means the performance, vesting and/or other criteria, which are determined by the Board and specified in the Invitation, and which are required to be met before Plan Shares to which such Invitation relates may be withdrawn from the Plan by the Participating Employee, as reduced (if at all) or waived in whole or in part at any time by the Board and notified to the Participating Employee.
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Related to Performance Hurdles

  • Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

  • 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.

  • 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;

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies: