Performance Unit definition: Copy, customize, and use instantly
Introduction
The term "Performance Unit" refers to a metric or unit of measurement tied to the achievement of specific financial, operational, or strategic goals within an organization. It is commonly used in compensation plans to align employee or executive incentives with the success of the company. The term is often linked to long-term incentive plans, stock options, or bonuses that depend on meeting defined performance criteria.
Below are various examples of how "Performance Unit" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Performance Unit" in incentive plans
This definition connects "Performance Unit" to employee rewards.
"Performance Unit" refers to a unit that represents the achievement of specific financial or operational goals, entitling the holder to a performance-based reward.
Definition of "Performance Unit" in executive compensation
This definition links "Performance Unit" to executive bonuses.
"Performance Unit" means a unit granted under an executive compensation plan that is tied to the achievement of predetermined performance targets.
Definition of "Performance Unit" in stock compensation
This definition ties "Performance Unit" to stock-based rewards.
"Performance Unit" refers to a unit of compensation awarded based on the performance of a company's stock or other financial metrics.
Definition of "Performance Unit" in long-term incentive plans
This definition connects "Performance Unit" to long-term goals.
"Performance Unit" is a component of a long-term incentive plan, where the unit's value depends on the company’s performance over a specified period.
Definition of "Performance Unit" in corporate governance
This definition links "Performance Unit" to corporate objectives.
"Performance Unit" refers to a unit used in corporate governance to measure progress against strategic or operational goals, rewarding achievement.
Definition of "Performance Unit" in shareholder agreements
This definition ties "Performance Unit" to performance-based agreements.
"Performance Unit" is a unit of value given to shareholders based on the company's performance in relation to agreed metrics.
Definition of "Performance Unit" in retirement plans
This definition connects "Performance Unit" to pension or retirement benefits.
"Performance Unit" refers to a unit of value granted under a retirement or pension plan that is contingent on meeting performance targets.
Definition of "Performance Unit" in performance-based stock grants
This definition links "Performance Unit" to stock grants.
"Performance Unit" refers to an award of stock or stock options that is conditional on achieving certain performance milestones.
Definition of "Performance Unit" in annual performance reviews
This definition connects "Performance Unit" to employee assessments.
"Performance Unit" is a measure used in performance reviews to quantify employee achievement of key goals or targets.
Definition of "Performance Unit" in team-based incentive plans
This definition links "Performance Unit" to team goals.
"Performance Unit" refers to a unit in team-based incentive plans, where the performance of the team is evaluated to determine the reward.
Definition of "Performance Unit" in executive stock options
This definition ties "Performance Unit" to stock-based executive compensation.
"Performance Unit" is a stock option awarded to an executive, contingent on meeting specific company performance targets.
Definition of "Performance Unit" in salary-based compensation plans
This definition links "Performance Unit" to salary incentives.
"Performance Unit" refers to a component of a salary-based incentive plan, where performance is linked to salary increases or bonuses.
Definition of "Performance Unit" in bonus structures
This definition connects "Performance Unit" to financial bonuses.
"Performance Unit" is used as a basis for calculating bonuses, with higher performance resulting in a higher bonus payout.
Definition of "Performance Unit" in corporate performance metrics
This definition ties "Performance Unit" to performance measurement.
"Performance Unit" refers to a unit used to measure the performance of an employee, division, or company against established performance metrics.
Definition of "Performance Unit" in stock option plans
This definition links "Performance Unit" to option-based rewards.
"Performance Unit" refers to a stock option granted to an employee that becomes exercisable only upon meeting defined performance criteria.
Definition of "Performance Unit" in executive incentive structures
This definition connects "Performance Unit" to incentive-based pay.
"Performance Unit" is an award given to executives based on their ability to meet or exceed performance goals.
Definition of "Performance Unit" in debt covenants
This definition ties "Performance Unit" to financial covenant measurements.
"Performance Unit" refers to a unit that quantifies a company's financial performance, used to determine compliance with debt covenants.
Definition of "Performance Unit" in venture capital agreements
This definition links "Performance Unit" to performance targets in VC investments.
"Performance Unit" refers to a unit granted to investors or stakeholders in a venture capital agreement, based on meeting financial or operational targets.
Definition of "Performance Unit" in non-profit performance metrics
This definition connects "Performance Unit" to social or operational goals in the non-profit sector.
"Performance Unit" refers to a measure of success in achieving the goals of a non-profit organization, used for both internal evaluations and donor reporting.
Definition of "Performance Unit" in joint venture agreements
This definition ties "Performance Unit" to joint venture success metrics.
"Performance Unit" refers to a unit granted to participants in a joint venture, contingent upon the financial or operational performance of the venture.
Definition of "Performance Unit" in milestone-based contracts
This definition links "Performance Unit" to contract performance goals.
"Performance Unit" is a unit of value awarded when a contract milestone is achieved, based on specific performance criteria.
Definition of "Performance Unit" in management incentive plans
This definition connects "Performance Unit" to management compensation.
"Performance Unit" refers to a unit awarded under a management incentive plan, based on the achievement of individual or company-wide goals.
Definition of "Performance Unit" in executive equity compensation
This definition ties "Performance Unit" to executive equity.
"Performance Unit" is a unit of equity or stock granted to an executive, contingent upon meeting performance targets or benchmarks.
Definition of "Performance Unit" in corporate training programs
This definition links "Performance Unit" to training outcomes.
"Performance Unit" refers to a unit that measures the success or outcome of a corporate training program, related to the employee’s skills and performance improvements.
Definition of "Performance Unit" in corporate strategy
This definition connects "Performance Unit" to strategic planning.
"Performance Unit" is a unit used in tracking and measuring the implementation of corporate strategy, with rewards based on progress and achievement.
Definition of "Performance Unit" in shareholder value management
This definition ties "Performance Unit" to shareholder value.
"Performance Unit" refers to a performance metric that links shareholder value to company achievements and actions.
Definition of "Performance Unit" in executive bonus systems
This definition connects "Performance Unit" to executive compensation bonuses.
"Performance Unit" is a performance-based unit that is linked to the executive’s eligibility for a performance bonus.
Definition of "Performance Unit" in stock repurchase programs
This definition links "Performance Unit" to corporate buybacks.
"Performance Unit" refers to a unit that is granted or redeemed in relation to stock repurchase programs based on corporate performance.
Definition of "Performance Unit" in workforce optimization
This definition ties "Performance Unit" to organizational effectiveness.
"Performance Unit" refers to a metric used to optimize workforce productivity, rewarding units based on effective goal achievement.
Definition of "Performance Unit" in strategic business partnerships
This definition connects "Performance Unit" to partnerships and alliances.
"Performance Unit" is used to measure the success of strategic business partnerships, awarding units based on the partnership’s performance.
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