- performance condition
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A target, set at the outset of an incentive award, the attainment of which is required for the award to vest.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
performance condition
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PERFORMANCE (art et esthétique) — «Performance»: ce vocable – loin de désigner un quelconque exploit sportif – relève de ce qu’il est convenu de considérer comme du franglais ; directement issu du verbe to perform , «interpréter», il est attesté au début des années 1970 dans le… … Encyclopédie Universelle
Condition monitoring — is the process of monitoring a parameter of condition in machinery, such that a significant change is indicative of a developing failure. It is a major component of predictive maintenance. The use of conditional monitoring allows maintenance to… … Wikipedia
condition — con·di·tion 1 n 1: an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a contract; also: a clause in the instrument describing the act or event and… … Law dictionary
Condition subsequent — refers to an event or state of affairs that brings an end to something else. A condition subsequent is often used in a legal context as a marker bringing an end to one s legal rights or duties. A condition subsequent may be either an event or a… … Wikipedia
condition — [kən dish′ən] n. [ME & OFr condicion < L condicio, agreement, situation < condicere, to speak with, agree < com , together + dicere, to speak: see DICTION] 1. anything called for as a requirement before the performance or completion of… … English World dictionary
Condition precedent — refers to an event or state of affairs that is required before something else will occur. In contract law a condition precedent is an event which must occur, unless its non occurrence is excused, before performance under a contract becomes due, i … Wikipedia
Condition-based maintenance — (CBM), shortly described, is maintenance when need arises. This maintenance is performed after one or more indicators show that equipment is going to fail or that equipment performance is deteriorating. Condition based maintenance was introduced… … Wikipedia
condition subsequent — A condition in a contract which follows liability upon the contract and operates to defeat or annul such liability upon the subsequent failure of the other party to comply with its terms. 17 Am J2d Contr § 323: in the law of estates, a condition… … Ballentine's law dictionary
Condition Critical — Winners Take All redirects here. For the album, see Winners Take All (album). Condition Critical Studio album by Quiet Riot … Wikipedia
condition — conditionable, adj. /keuhn dish euhn/, n. 1. a particular mode of being of a person or thing; existing state; situation with respect to circumstances. 2. state of health: He was reported to be in critical condition. 3. fit or requisite state: to… … Universalium
