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Performance Period
Performance Period contract clause examples

Performance Period. Subject to the other terms and conditions contained in this Agreement, the performance period for the Award commenced on July 1, 2020 and shall terminate on June 30, 2023 (the “Performance Period”). The extent to which the Award shall be earned at the end of the Performance Period shall be based upon the Company’s Cumulative Adjusted EBITDA during the Performance Period and the ending return on net assets (“RONA”) in the last fiscal year of the Performance Period (the “Performance Criteria”). Cumulative Adjusted EBITDA and RONA each represent 50% of the entire component of the PSU. Payout percentages are identified on [Appendix A].

Performance Period. Achievement of performance goals in respect of Performance Awards may be measured based on performance over a Performance Period, as specified by the Committee, or may be determined based on whether or not the performance goals are satisfied at any time prior to the expiration of a Performance Period.

Performance Period. Subject to Section 11 (which provides for a shortened Performance Period in the event of a Change of Control), the Performance Period is the period of three consecutive calendar years beginning on January 1st of the calendar year that includes the Grant Date and ending on December 31st of the third such calendar year, and represents the period during which the Corporation’s level of achievement under the Performance Measures will be determined.

Performance Period. The period of time during which the Performance Goals described in [Exhibit A] to this Agreement must be met in order to determine the amount of cash payout under this Annual Performance Award pursuant to Section 4 of this Agreement is the fiscal year ending October 31, XXXX (the “Performance Period”). Except as otherwise provided in Section 8 of this Agreement, TTC intends to make payment to you only at the end of the Performance Period and only upon the achievement of the Performance Goals described in [Exhibit A] to this Agreement, and except as otherwise provided in Section 8 of this Agreement, no payment shall be made to you in settlement of this Annual Performance Award prior to the end of the Performance Period or if none of the Performance Goals for the Performance Measures meet the “Threshold” for payment, as described in the table(s) set forth in [Exhibit A] to this Agreement.

means the time period during which performance objectives must be met in order for a Participant to earn Performance Units or Performance Shares granted under ARTICLE X.

Performance Period. The 36-month period beginning on January 1, 2022 and ending on December 31, 2024.

Performance Period. The Performance Period shall commence on the Date of Grant for relative Total Shareholder Return (“TSR”) and January 30, 2022 for Digital Sales (as applicable, the “Commencement Date”) and, except as otherwise provided in these Terms and Conditions, will expire in full on February 1, 2025 (as applicable, the “Performance Period”). For the sake of clarity, if a Change in Control occurs, the Performance Period will end on the date of a Change in Control and the Performance Units will convert to time-based restricted stock units in accordance with Section 4(c) below.

Performance Period. This document is effective for certain Annual Incentive Awards calculated for Participants under the Plan relating to calendar year 2020. The 2020 Annual Incentive Awards earned pursuant to this Program shall be paid no later than March 15, 2021.

Performance Period. The period during which the Performance Goals applicable to a Tranche may be achieved begins with the Grant Date and ends on the Expiration Date, subject to earlier termination as set forth in this Grant Notice (the “Performance Period”). If the Optionee’s Continued Eligible Service terminates before the Expiration Date, then except to the extent provided in Sections II.D., II.E. and II.F. below, the Performance Period will terminate as of the date of termination of the Optionee’s Continued Eligible Service and no Shares subject to this Option may vest based on any achievement of the Performance Goals that occurs after the date that the Optionee’s Continued Eligible Service terminates. Further, for clarity, Shares subject to this Option may become eligible to vest, and may vest, only while the Option (or applicable portion thereof) remains outstanding.

Performance Period. The maximum number of Performance Share Units in which Participant can vest pursuant to the Award shall be calculated based on the Performance Goal over a three-year Performance Period that begins January 1, 2020 and ends December 31, 2022 (the "Performance Period").

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