Performance Points definition

Performance Points has the meaning set forth in Section 8.1(a) of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Performance Points means those points made available pursuant to Section 8212(d)(1)(A).

Performance Points means the number of points assigned to a particular year of a Performance Period pursuant to Section 10.3 of the Plan.

Examples of Performance Points in a sentence

The "Total Stub Performance Percentage" available to all Management Members allocated Post IPO Awarded Performance Points (and Ex-Management Members that retain Post IPO Awarded Performance Points pursuant to this Agreement, if any) on any date of determination shall equal the product of (x) nine-tenths of one percent (.9%) and (y) the Performance Factor.
Notwithstanding anything in this Article VIII to the contrary, until such time as the Company shall have received Capital Contributions and Special Membership Interest Aggregate Funds of at least $125 million in the aggregate, the Compensation Committee and the Board shall not be permitted to increase the number of Performance Points (above 1000) available for allocation hereunder.
One pool shall consist of points called "Service Points;" and one pool shall consist of points called "Performance Points." There shall be 1000 Service Points and 1000 Performance Points.
The Department may, in its discretion, request the Independent Engineer to undertake routine inspection responsibilities for monitoring and reporting to the Department any breaches or failures described in Exhibit T and providing written recommendations as to whether Performance Points should be assessed.
The Performance Points listed in columns B and D within Appendix 1 of Schedule 8 are to be amended to reflect corrections to berthing offsets.

Performance Points means the points incurred by the Contractor where it fails to meet a Service Level Target

Performance Points has the meaning given in Part 1 of Schedule 1 (Output Specification); “Permitted Borrowing” without double counting, any:- (a) advance to the Contractor under the Senior Financing Agreements, provided that such advance is not made under any Committed Stand- By Facility; (b) Additional Permitted Borrowing; (c) advance to the Contractor under any Committed Stand-By Facility which is made solely for the purpose of funding any cost overruns, increased expenses or loss of revenue which the Contractor incurs, provided that such funds are not used in substitution of other sources of committed funding designated for those purposes; and (d) interest and, in respect of the original Senior Financing Agreements only (as entered into at the date of this Agreement, prior to any subsequent amendment), other amounts accrued or payable under the terms of such original Senior Financing Agreements, except where the amount referred to in paragraphs (a) to (d) above is or is being used to fund a payment of Default Interest on any Additional Permitted Borrowing;

Performance Points means points which are awarded and lead to Adjustments in accordance with paragraph 6 of Part 2 of the Payment Mechanism;

Performance Points. Annual Performance Points and Monthly Performance Points;

Performance Points means the points (as set out in Annex A of Schedule 1 (Scope of Services)) allocated for the achievement or failure to achieve any Key Performance Indicator.

Performance Points means the points deducted when one or more of the contract delivery indicators is not met. The consequences of not meeting CDIs depends on the frequency of the non delivery against a baseline total set out in the contract. Further details are set out in the Contract Delivery Indicator section of the Contract;