Glossaries

performance condition

Dịch tiếng việt: Điều kiện hiệu suất

A vesting condition that requires:
(a) the counterparty to complete a specified period of service (ie a service condition); the service requirement can be explicit or implicit; and
(b) specified performance target(s) to be met while the counterparty is rendering the service required in (a).
The period of achieving the performance target(s):
(a) shall not extend beyond the end of the service period; and
(b) may start before the service period on the condition that the commencement date of the performance target is not substantially before the commencement of the service period.
A performance target is defined by reference to:
(a) the entity’s own operations (or activities) or the operations or activities of another entity in the same group (ie a non-market
condition); or
(b) the price (or value) of the entity’s equity instruments or the equity instruments of another entity in the same group (including shares and share options) (ie a
market condition).
A performance target might relate either to the performance of the entity as a whole or to some nart of the entity (or part of the group), such as a
division or an individual employee.

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