Performance Ratio definition

Performance Ratio. (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured.

Performance Ratio. (PR) means

Performance Ratio. (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured. PR= (Measured output in kW / Installed plant capacity in kW* 1000 W/m2 /Measured radiation intensity in W/m2)

Performance Ratio means the percentage resulting from dividing actual Qualifying ▇▇▇▇▇▇▇▇ during the First Year Measurement Period by $9,500,000. After establishing the Performance Ratio, the percentage used to calculate this component of the Additional Purchase Consideration shall be calculated (as used in this Section 1.7(c)(i), the “Attainment Percentage”) as follows: The Attainment Percentage shall be equal to the Performance Ratio if the Performance Ratio is 100%, however, if the Performance Ratio is less than 100%, the Attainment Percentage shall be reduced by 2% for each 1% that the Performance Ratio is less than 100%, and if the Performance Ratio is more than 100%, the Attainment Percentage shall be increased by 1% for each 2% that the Performance Ratio exceeds 100%;provided, however, if the above calculation results in an Attainment Percentage that is less than 50%, then the Attainment Percentage shall be zero, and if such calculation results in an Attainment Percentage that is greater than 150%, the Attainment Percentage shall be 150%.

Performance Ratio is a fraction whereby the numerator is (a) the Net Income of the Holding Company and the book value of the total assets of the Holding Company determined as of the end of the Plan Year immediately preceding the occurrence of a distribution event as set forth in Article 2 or 3 and the denominator is (b) the Projected Net Income and Projected Total Assets as set forth in Exhibit A to this Agreement, determined as of the end of the Plan Year immediately preceding such distribution event. In no event shall the Performance Ratio be greater than one (1).

Performance Ratio means the percentage resulting from dividing the Acquired Business Operating Income Contribution during the Second Year Measurement Period by Five Hundred Fifteen Thousand Six Hundred Dollars ($515,600). After establishing the Performance Ratio, the percentage used to calculate the amount of the Additional Purchase Consideration shall be calculated (as used in this Section 1.7(a)(ii), the “Attainment Percentage”) as follows: The Attainment Percentage shall be equal to the Performance Ratio if the Performance Ratio is 100%, however, if the Performance Ratio is less than 100%, the Attainment Percentage shall be reduced by 1% for each 1% that the Performance Ratio is less than 100%, and if the Performance Ratio is more than 100%, the Attainment Percentage shall be increased by 1% for each 1% that the Performance Ratio exceeds 100% up to 150%, and shall increase by 0.5% for each 1% between 150% and 200%; provided, however, if the above calculation results in an Attainment Percentage that is less than 50%, then the Attainment Percentage shall be zero. In no event shall the amount of Additional Purchase Consideration payable in respect of the Second Year Measurement Period exceed seven hundred thousand dollars ($700,000).

Performance Ratio means a fraction, the numerator equaling the number of Plan Years that the per share earnings (on a diluted basis) on shares of common stock of the Holding Company on the last day of the Plan Year is greater than or equal to 110% of the per share earnings (on a diluted basis) on shares of common stock of the Holding Company on the last day of the previous Plan Year (or December 31, 2002 with respect to the first Plan Year under this Agreement) and the denominator equaling the number of Plan Years from the inception of this Agreement until the Employee's termination of service with the Bank. For purposes of this subsection, per share earnings (on a diluted basis) on shares of common stock of the Holding Company on the last day of the applicable Plan Year or December 31, 2002 with respect to the first Plan year under this Agreement (hereinafter referred to as a "Determination Date") shall be determined by the Board of Directors of the Bank or its designee, within 190 days of the applicable Determination Date, utilizing the information contained in the applicable Form 10-K Annual Report Pursuant to Section 13 or 15(D) of the Securities Exchange Act of 1934 and such other information (such as stock repurchases and other extraordinary events) as the Board of Directors of the Bank deems appropriate. Notwithstanding the first sentence of this subsection, if the per share earnings (on a diluted basis) of shares of common stock of the Holding Company on December 31, 2007 (or after the initial five Plan Year period ending on December 31, 2007, the last day of the Plan Year that concludes the next five Plan Year period; e.g., December 31, 2012, December 31, 2017, etc.) is greater than or equal to 161 % of the per share earnings on shares of common stock of the Holding Company on the December 31, 2002 (or after the initial five Plan Year period ending on December 31, 2007, the last day of the Plan Year prior to the beginning of the next five Plan Year period; e.g., December 31, 2007, December 31, 2012, etc.) and the Employee remains employed by the Bank, the Holding Company or an entity affiliated with the foregoing as of such last day of the applicable five Plan Year period, the numerator of the fraction utilized for computing the Performance Ratio will be determined as if the 110% target had been attained for any Plan Year during that five Plan Year period in which the 110% target had not been attained. None of the provisions of this subsection shall be interpreted ...

Performance Ratio. (PR) means :“Performance Ratio” (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured. PR = (Measured output in kWh at solar generation meter) / (Installed Plant capacity in kW * Measured solar insolation in kWh/m2* 1 m2/kW)

Performance Ratio means a percentage rate or weighted average percentage rate, as may be set out in the Allocation Notice with respect to an RSU Allocation to a Member, to be applied as of a Valuation Date of an RSU Allocation upon the achievement of Performance Criteria.