Performance Goals Definition Example with 4 Variations
This page contains an example definition of Performance Goals, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Performance Goals. Means the goal(s) (or combined goal(s)) determined by the Committee (in its discretion) to be applicable to a Participant with respect to an Award. As determined by the Committee, the performance measures for any performance period will be any one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment, and measured either on an absolute... basis or relative to a pre-established target, to a previous period's results or to a designated comparison group, and, with respect to financial metrics, which may be determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), in accordance with accounting principles established by the International Accounting Standards Board ("IASB Principles") or which may be adjusted when established to exclude any items otherwise includable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), (ii) revenue (on an absolute basis or adjusted for currency effects), (iii) gross margin, (iv) operating expenses or operating expenses as a percentage of revenue, (v) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings), (vi) earnings per share, (vii) stock price, (viii) return on equity, (ix) total stockholder return, (x) growth in stockholder value relative to the moving average of the S&P 500 Index or another index, (xi) return on capital, (xii) return on assets or net assets, (xiii) return on investment, (xiv) economic value added, (xv) operating profit or net operating profit, (xvi) operating income, (xvii) operating margin, (xviii) market share, (xix) contract awards or backlog, (xx) overhead or other expense reduction, (xxi) credit rating, (xxii) objective customer indicators, (xxiii) new product invention or innovation, (xxiv) attainment of research and development milestones, (xxv) improvements in productivity, (xxvi) attainment of objective operating goals, (xxvii) contingent or non-contingent orders; and (xxviii) growth rates in any of the performance criteria listed in sections (i) through (xxvii) herein.View More
Performance Goals. Means shall mean the goal(s) (or combined goal(s)) determined by the Committee Administrator (in its discretion) to be applicable to a Participant with respect to an Award. As determined by the Committee, Administrator, the performance measures for any performance period will be any one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment,... and measured either on an absolute basis or relative to a pre-established target, to a previous period's results or to a designated comparison group, and, with respect to financial metrics, which may be determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), in accordance with accounting principles established by the International Accounting Standards Board ("IASB Principles") or which may be adjusted when established to exclude any items otherwise includable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), (ii) cash position, (iii) revenue (on an absolute basis or adjusted for currency effects), (iii) (iv) revenue growth, (v) contribution margin, (vi) gross margin, (iv) (vii) operating margin (viii) operating expenses or operating expenses as a percentage of revenue, (v) (ix) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings), (vi) (x) earnings per share, (vii) (xi) operating income, (xii) net income, (xiii) stock price, (viii) (xiv) return on equity, (ix) (xv) total stockholder return, (x) (xvi) growth in stockholder value relative to the moving average of a specified publicly reported index (such as the S&P 500 Index or another index, (xi) Index), (xvii) return on capital, (xii) (xviii) return on assets or net assets, (xiii) (xix) return on investment, (xiv) (xx) economic value added, (xv) (xxi) operating profit or net operating profit, (xvi) operating income, (xvii) (xxii) operating margin, (xviii) (xxiii) market share, (xix) (xxiv) contract awards or backlog, (xx) (xxv) overhead or other expense reduction, (xxi) (xxvi) credit rating, (xxii) (xxvii) objective customer indicators, (xxiii) (xxviii) new product invention or innovation, (xxiv) (xxix) attainment of research and development milestones, (xxv) (xxx) improvements in productivity, (xxvi) (xxxi) attainment of objective operating goals, (xxvii) contingent and (xxxii) objective employee metrics. The Performance Goals may differ from Participant to Participant and from Award to Award. In particular, the Administrator may appropriately adjust any evaluation of performance under a Performance Goal to exclude (a) any extraordinary non-recurring items, (b) the effect of any merger, acquisition, or non-contingent orders; and (xxviii) growth rates other business combination or divestiture or (ii) the effect of any changes in any of accounting principles affecting the performance criteria listed in sections (i) through (xxvii) herein. Company's or a business units', region's, affiliate's or business segment's reported results. View More
Performance Goals. Means means the goal(s) (or combined goal(s)) determined by the Committee Administrator (in its discretion) to be applicable to a Participant with respect to an Award. As determined by the Committee, Administrator, the performance measures for any performance period will be any one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment, and... measured either on an absolute basis or relative to a pre-established target, to a previous period's results or to a designated comparison group, and, with respect to financial metrics, which may be determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), (GAAP), in accordance with accounting principles established by the International Accounting Standards Board ("IASB Principles") (IASB Principles) or which may be adjusted when established to exclude any items otherwise includable under GAAP or under IASB Principles or to include any items otherwise excludable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), (ii) revenue (on an absolute basis or adjusted for currency effects), (iii) gross margin, (iv) operating expenses or operating expenses as a percentage of revenue, (v) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings), (vi) earnings per share, (vii) stock price, (viii) return on equity, (ix) total stockholder return, (x) growth in stockholder value relative to the moving average of the S&P 500 Index, the Philadelphia Semiconductor Sector Index or another index, (xi) return on capital, (xii) return on assets or net assets, (xiii) return on investment, (xiv) economic value added, (xv) operating profit or net operating profit, (xvi) operating income, margin, (xvii) operating margin, (xviii) market share, (xix) (xviii) contract awards or backlog, (xx) (xix) overhead or other expense reduction, (xxi) (xx) credit rating, (xxii) (xxi) objective customer indicators, (xxiii) (xxii) new product invention or innovation, (xxiv) (xxiii) attainment of research and development milestones, (xxv) (xxiv) improvements in productivity, (xxvi) (xxv) attainment of objective operating goals, (xxvii) contingent or non-contingent orders; and (xxviii) growth rates in any of the performance criteria listed in sections (i) through (xxvii) herein. (xxvi) objective employee metrics. View More
Performance Goals. Means shall mean the goal(s) (or combined goal(s)) determined by the Committee Administrator (in its discretion) to be applicable to a Participant with respect to an Award. As determined by the Committee, Administrator, the performance measures for any performance period will be any one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment,... and measured either on an absolute basis or relative to a pre-established target, to a previous period's results or to a designated comparison group, and, with respect to financial metrics, which may be determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), in accordance with accounting principles established by the International Accounting Standards Board ("IASB Principles") or which may be adjusted when established to exclude any items otherwise includable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), (ii) cash position, (iii) revenue (on an absolute basis or adjusted for currency effects), (iii) (iv) revenue growth, (v) contribution margin, (vi) gross margin, (iv) (vii) operating margin (viii) operating expenses or operating expenses as a percentage of revenue, (v) (ix) earnings (which may include earnings before interest and taxes, earnings before taxes and net earnings), (vi) (x) earnings per share, (vii) (xi) operating income, (xii) net income, (xiii) stock price, (viii) (xiv) return on equity, (ix) (xv) total stockholder return, (x) (xvi) growth in stockholder value relative to the moving average of a specified publicly reported index (such as the S&P 500 Index or another index, (xi) Index), (xvii) return on capital, (xii) (xviii) return on assets or net assets, (xiii) (xix) return on investment, (xiv) (xx) economic value added, (xv) (xxi) operating profit or net operating profit, (xvi) operating income, (xvii) (xxii) operating margin, (xviii) (xxiii) market share, (xix) (xxiv) contract awards or backlog, (xx) (xxv) overhead or other expense reduction, (xxi) (xxvi) credit rating, (xxii) (xxvii) objective customer indicators, (xxiii) (xxviii) new product invention or innovation, (xxiv) (xxix) attainment of research and development milestones, (xxv) (xxx) improvements in productivity, (xxvi) (xxxi) attainment of objective operating goals, (xxvii) contingent and (xxxii) objective employee metrics. The Performance Goals may differ from Participant to Participant and from Award to Award. In particular, the Administrator may appropriately adjust any evaluation of performance under a Performance Goal to exclude (a) any extraordinary non-recurring items, (b) the affect of any merger, acquisition, or non-contingent orders; and (xxviii) growth rates other business combination or divestiture or (ii) the effect of any changes in any of accounting principles affecting the performance criteria listed in sections (i) through (xxvii) herein. Company's or a business units', region's, affiliate's or business segment's reported results. View More
Performance Goals. Means means the goal(s) (or combined goal(s)) determined by the Committee (in its discretion) to be applicable to a Participant with respect to an Award. As determined by the Committee, the performance measures for any performance period will be any one or more of the following objective performance criteria, applied to either the Company as a whole or, except with respect to stockholder return metrics, to a region, business unit, affiliate or business segment, and measured either on an... absolute basis or relative to a pre-established target, to a previous period's results or to a designated comparison group, and/or to another Performance Goal and, with respect to financial metrics, which may be determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), in accordance with accounting principles established by the International Accounting Standards Board ("IASB Principles") or which may be adjusted when established to exclude any items otherwise includable under GAAP or under IASB Principles: (i) cash flow (including operating cash flow or free cash flow), flow) or cash flow margin, (ii) cash position, (iii) revenue (on an absolute basis or adjusted for currency effects), (iii) (iv) gross margin, (iv) (v) operating margin, (vi) operating expenses or operating expenses as a percentage of revenue, (v) (vii) earnings (which may include include, without limitation, earnings before interest and taxes, earnings before taxes and net earnings), (vi) earnings before income, taxes, depreciation and amortization), (viii) earnings per share, (vii) (ix) operating income or operating income as a percentage of revenue, (x) net income, (xi) stock price, (viii) (xiii) return on equity, (ix) (xiii) total stockholder return, (x) (xiv) growth in stockholder value relative to the moving average of a specified publicly reported index (such as the S&P 500 Index or another index, (xi) Index), (xv) return on capital, (xii) (xvi) return on assets or net assets, (xiii) (xvii) return on investment, (xiv) (xviii) economic value added, (xv) operating profit or net operating profit, (xvi) operating income, (xvii) operating margin, (xviii) (xix) market share, (xix) (xx) contract awards or backlog, (xx) (xxi) overhead or other expense reduction, (xxi) (xxii) credit rating, (xxii) (xxiii) objective customer indicators, (xxiii) indicators (including, without limitation, a customer satisfaction rating), (xxiv) new product invention or innovation, (xxiv) (xxv) attainment of research and development milestones, (xxv) (xxvi) improvements in productivity, (xxvi) (xxvii) attainment of objective operating goals, (xxvii) contingent or non-contingent orders; and (xxviii) growth rates objective employee metrics. The Committee shall appropriately adjust any evaluation of performance under a Performance Goal to exclude (i) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management's discussion and analysis of financial conditions and results of operations appearing in the Company's reporting with the Securities and Exchange Commission for the applicable year, or (ii) the effect of any of changes in accounting principles affecting the performance criteria listed in sections (i) through (xxvii) herein. Company's or a business unit's reported results. View More
