Performance Goals Clause Example with 5 Variations from Business Contracts
This page contains Performance Goals clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Performance Goals. Payout of Performance Grants will be based on the performance goal achievement of the performance criteria described in this Section 6 and further defined in Exhibit A. a. TSR Performance. Total Shareholder Return (TSR) Performance will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each defined in Exhibit A. The percentage of the TSR Percentage that will be paid out, if any, is based on the following table: Relati...ve TSR Performance Percentile Ranking Percentage Payoutof TSR Percentage 85th or above 200 % 50th 100 % 25th 50 % Below 25th 0 % To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. b. ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: ROIC Performance Percentage Payoutof ROIC Percentage 7.41% and above 200 % 7.13% 100 % 6.81% 50 % Below 6.81% 0 % • To the extent that the Company's ROIC Performance is greater than 6.81% and less than 7.13%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • To the extent that the Company's ROIC Performance is greater than 7.13% and less than 7.41%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above.View More
Variations of a "Performance Goals" Clause from Business Contracts
Performance Goals. Payout of Performance Grants will be based on the performance goal achievement of the performance criteria described in this Section 6 and further defined in Exhibit A. a. TSR a.TSR Performance. Total Shareholder Return (TSR) Performance will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each is defined in Exhibit A. The percentage of the TSR Percentage that will be paid out, if any, is based on the following tabl...e: Relative TSR Performance PerformancePercentage Payout Percentile Ranking Percentage Payoutof Rankingof TSR Percentage 85th or above 200 % 50th 100 % above200% 50th100% 25th 50 % 50% Below 25th 0 % 25th0% To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies 2 (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the (the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. b. ROIC b.ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: Percentage Payout ROIC Performance Percentage Payoutof of ROIC Percentage 7.41% 7.22% and above 200 % 7.13% 100 % 6.81% 50 % above200% 6.71%125% 6.55%100% 6.22%50% Below 6.81% 0 % • 6.22%0% To the extent that the Company's ROIC Performance is greater than 6.81% 6.22% and less than 7.13%, 6.55%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • To the extent that the Company's ROIC Performance is greater than 7.13% 6.55% and less than 7.41%, 6.71%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. To the extent that the Company's ROIC Performance is greater than 6.71% and less than 7.22%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. View More
Performance Goals. Payout of Performance Grants will be based on the performance goal achievement of the performance criteria described in this Section 6 and further defined in Exhibit A. a. TSR a.TSR Performance. Total Shareholder Return (TSR) Performance will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each is defined in Exhibit A. The percentage of the TSR Percentage that will be paid out, if any, is based on the following tabl...e: Relative TSR Performance PerformancePercentage Payout Percentile Ranking Percentage Payoutof Rankingof TSR Percentage 85th or above 200 % 50th 100 % above200% 50th100% 25th 50 % 50% Below 25th 0 % 25th0% To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of 2 companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the (the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. b. ROIC b.ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: Percentage Payout ROIC Performance Percentage Payoutof of ROIC Percentage 7.41% 7.22% and above 200 % 7.13% 100 % 6.81% 50 % above200% 6.71%125% 6.55%100% 6.22%50% Below 6.81% 0 % • 6.22%0% To the extent that the Company's ROIC Performance is greater than 6.81% 6.22% and less than 7.13%, 6.55%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • To the extent that the Company's ROIC Performance is greater than 7.13% 6.55% and less than 7.41%, 6.71%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. To the extent that the Company's ROIC Performance is greater than 6.71% and less than 7.22%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. View More
Performance Goals. Payout of Performance Grants will be based on the performance goal Performance Goal achievement of the performance criteria described in this Section 6 and further of the Performance Criteria defined in Exhibit A. a. TSR Performance. Total Shareholder Return (TSR) Performance ("TSR Performance") will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each is defined in Exhibit A. The percentage of the TSR Percentage th...at will be paid out, if any, is based on the following table: Relative TSR Performance Percentile Ranking Percentage Payoutof TSR PercentagePayout ofTSR Percentage 85th or above 200 % 50th 100 % 25th 50 % Below 25th 0 % To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, if the Company's Absolute TSR Performance is either (but not both) of the following may be earned: (i) at least 10% but less than 15%, then an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is made, or (ii) at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) then an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. 200%. b. ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: ROIC Performance Percentage Payoutof Payout of ROIC Percentage 7.41% 7.24% and above 200 % 7.13% 6.99% 125 % 6.40% - 6.64% 100 % 6.81% 6.34% 50 % Below 6.81% 6.34% 0 % • - To the extent that the Company's ROIC Performance is greater than 6.81% 6.34% and less than 7.13%, 6.40%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • - To the extent that the Company's ROIC Performance is greater than 7.13% 6.64% and less than 7.41%, 6.99%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. - To the extent that the Company's ROIC Performance is greater than 6.99% and less than 7.24%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. View More
Performance Goals. Payout of Performance Grants will be based on the performance goal Performance Goal achievement of the performance criteria described in this Section 6 and further of the Performance Criteria defined in Exhibit A. a. TSR Performance. Total Shareholder Return (TSR) Performance ("TSR Performance") will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each is defined in Exhibit A. The percentage of the TSR Percentage th...at will be paid out, if any, is based on the following table: Relative TSR Performance Percentile Ranking Percentage Payoutof TSR Percentage 85th or above 200 % 50th 100 % 25th 50 % Below 25th 0 % To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, if the Company's Absolute TSR Performance is either (but not both) of the following may be earned: (i) at least 10% but less than 15%, then an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is made, or (ii) at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) then an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. 200%. b. ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: ROIC Performance Percentage Payoutof ROIC Percentage 7.41% 7.68% and above 200 % 7.13% 7.38% 125 % 6.86% - 7.16% 100 % 6.81% 6.78% 50 % Below 6.81% 6.78% 0 % • To the extent that the Company's ROIC Performance is greater than 6.81% 6.78% and less than 7.13%, 6.86%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • To the extent that the Company's ROIC Performance is greater than 7.13% 7.16% and less than 7.41%, 7.38%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • To the extent that the Company's ROIC Performance is greater than 7.38% and less than 7.68%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. View More
Performance Goals. Payout of Performance Grants will be based on the performance goal Performance Goal achievement of the performance criteria described in this Section 6 and further of the Performance Criteria defined in Exhibit A. a. TSR Performance. Total Shareholder Return (TSR) Performance ("TSR Performance") will determine fifty percent (50%) of the Target Amount ("TSR Percentage"). Relative TSR Performance and Absolute TSR Performance are each is defined in Exhibit A. The percentage of the TSR Percentage th...at will be paid out, if any, is based on the following table: Relative TSR Performance Percentile Ranking Percentage Payoutof Payout of TSR Percentage 85th or above 200 % 200% 50th 100 % 100% 25th 50 % 50% Below 25th 0 % 0% To the extent that the Company's Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made if the Company's Relative TSR Performance is below the 25th percentile but its Absolute 2 TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the Company's Relative TSR Performance, if the Company's Absolute TSR Performance is either (but not both) of the following may be earned: (i) at least 10% but less than 15%, then an additional payment of 25% of the TSR Percentage will be made if the Company's Absolute TSR Performance is made, or (ii) at least 10% but less than 15%, and/or if the Company's Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) then an additional payment of 50% of the TSR Percentage will be made if the Company's Absolute TSR Performance is at least 15%, and/or if the Company's Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the "Performance Adder"). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. 200%. b. ROIC Performance. Return on Invested Capital Performance ("ROIC Performance") will determine fifty percent (50%) of the Target Amount ("ROIC Percentage"). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: 2 ROIC Performance Percentage Payoutof Payout of ROIC Percentage 7.41% 7.47% and above 200 % 7.13% 100 % 6.81% 50 % 200% 7.14% 125% 6.69% – 6.90% 100% 6.62% 50% Below 6.81% 0 % • 6.62% 0% - To the extent that the Company's ROIC Performance is greater than 6.81% 6.62% and less than 7.13%, 6.69%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. • - To the extent that the Company's ROIC Performance is greater than 7.13% 6.90% and less than 7.41%, 7.14%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. - To the extent that the Company's ROIC Performance is greater than 7.14% and less than 7.47%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. View More
