Example ContractsClausesadjustment if any payment exceeds lawful rateIdentical
Adjustment if Any Payment Exceeds Lawful Rate
Adjustment if Any Payment Exceeds Lawful Rate contract clause examples

Adjustment. The individual goals performance component of each Participant’s Annual Incentive Award (determined without application of this Section 4.4) is subject to the aggregate funded amount for the individual goals performance component of all Participants (determined based on the AOI Performance Factor) and to adjustment by managers. Such adjustment may be negative for those Participants who do not achieve the applicable goals, and positive for those Participants who demonstrate outstanding accomplishments. For purposes of applying this Section 4.4, any positive adjustment made to the individual goals performance component of the Annual Incentive Award of one Participant must result in a dollar-for-dollar negative adjustment to the individual goals performance component of the Annual Incentive Award of one or more other Participants so that, in the aggregate, the application of the manager adjustment described in this Section 4.4 to all the Participants shall not result in any additional cost to the Company and its Affiliates for the group of Participants over which a particular manager retains authority.

PERDOCEO EDUCATION Corp (PRDO) (CIK 0001046568)
Source: SEC EDGAR database • Date: March 14, 2023 • SIC: 8200 • CIK: 8200

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