Performance Period definition: Copy, customize, and use instantly
Introduction
The term "Performance Period" refers to a defined timeframe in which specific performance metrics, targets, or obligations must be achieved, evaluated, or reported. It is commonly used in contracts, especially in performance-based agreements, incentive programs, and compensation plans. The Performance Period helps clarify the duration for fulfilling certain conditions or achieving agreed-upon results, ensuring that both parties understand the timeframe in which performance will be assessed.
Below are various examples of how "Performance Period" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Performance Period" as a contract term
This definition ties "Performance Period" to a contractual obligation timeframe.
"Performance Period" refers to the specified period during which the parties are obligated to perform under the terms of the contract, and performance metrics or outcomes are evaluated for compliance.
Definition of "Performance Period" as a bonus incentive timeframe
This definition connects "Performance Period" to incentive-based programs.
"Performance Period" means the timeframe during which a participant’s performance is measured for the purpose of determining eligibility for bonuses or other performance-related incentives.
Definition of "Performance Period" as a fiscal year measure
This definition links "Performance Period" to the fiscal year.
"Performance Period" refers to the fiscal year or other defined time frame used to evaluate the financial or operational performance of the company or an individual.
Definition of "Performance Period" as a project completion phase
This definition applies "Performance Period" to project-specific milestones.
"Performance Period" means the duration allocated to completing specific project deliverables, with performance assessed against defined benchmarks or milestones during that time.
Definition of "Performance Period" as a sales target period
This definition ties "Performance Period" to sales targets.
"Performance Period" refers to the specific timeframe in which a sales team or individual must meet or exceed sales targets, often with performance rewards or consequences based on results.
Definition of "Performance Period" as a service level agreement (SLA) measure
This definition links "Performance Period" to service delivery standards.
"Performance Period" means the time period within which the service provider must meet the specified service levels as defined in the service level agreement.
Definition of "Performance Period" as a contractual time frame for milestones
This definition connects "Performance Period" to milestone achievement.
"Performance Period" refers to the designated period within which specified milestones or goals are to be achieved as part of the contract's performance obligations.
Definition of "Performance Period" as a tenure-based evaluation
This definition applies "Performance Period" to employee performance evaluations.
"Performance Period" means the period during which an employee’s performance is evaluated based on their ability to meet or exceed job expectations and agreed-upon goals.
Definition of "Performance Period" as an evaluation window for services
This definition links "Performance Period" to service evaluation.
"Performance Period" refers to the defined period during which the quality and timeliness of services provided are assessed based on the agreed contract terms and conditions.
Definition of "Performance Period" as a time frame for achieving operational targets
This definition ties "Performance Period" to operational goals.
"Performance Period" refers to the timeframe within which an organization or department must achieve specific operational targets, such as production quotas or service targets.
Definition of "Performance Period" as a regulatory compliance timeframe
This definition applies "Performance Period" to compliance requirements.
"Performance Period" means the time period established for an entity to comply with regulatory or legal requirements, often evaluated periodically to ensure ongoing compliance.
Definition of "Performance Period" as a compensation-related assessment period
This definition connects "Performance Period" to employee compensation.
"Performance Period" refers to the period during which employee performance is assessed for determining eligibility for merit-based pay increases, bonuses, or other compensation adjustments.
Definition of "Performance Period" as a warranty service period
This definition links "Performance Period" to warranty terms.
"Performance Period" means the specified period during which a product or service warranty remains in effect, during which performance under the warranty is evaluated.
Definition of "Performance Period" as a deadline for financial performance
This definition connects "Performance Period" to financial benchmarks.
"Performance Period" refers to the time period within which a company or individual is expected to meet specific financial targets, such as revenue, profit margins, or cost-saving objectives.
Definition of "Performance Period" as a evaluation period for contractors
This definition ties "Performance Period" to contractor performance.
"Performance Period" means the period during which a contractor’s work is assessed against agreed-upon performance standards and timelines set forth in the contract.
Definition of "Performance Period" as a time window for achieving contractual obligations
This definition applies "Performance Period" to overall contract fulfillment.
"Performance Period" refers to the time frame in which the obligations specified in the contract must be completed, including the fulfillment of conditions, deliverables, or performance standards.
Definition of "Performance Period" as a defined timeframe for project outcomes
This definition links "Performance Period" to project timelines.
"Performance Period" means the period within which a project must reach its desired outcomes or performance goals, as defined by project scope and timelines.
Definition of "Performance Period" as a designated measurement period for key performance indicators (KPIs)
This definition connects "Performance Period" to KPI tracking.
"Performance Period" refers to the time frame in which key performance indicators (KPIs) are tracked and measured to evaluate the success of a program, project, or initiative.
Definition of "Performance Period" as a time period for meeting customer satisfaction targets
This definition ties "Performance Period" to customer satisfaction metrics.
"Performance Period" means the designated time frame during which customer satisfaction metrics are measured, often in relation to service delivery or product performance.
Definition of "Manager" as a strategic planner
This definition ties "Manager" to a role focused on long-term planning, goal setting, and ensuring the organization’s strategic vision is executed effectively.
"Manager" means an individual responsible for creating and executing strategic plans, aligning resources to meet organizational objectives, and identifying opportunities for growth and improvement.
Definition of "Manager" as a department head
This definition connects "Manager" to a leadership position overseeing a specific department within an organization.
"Manager" refers to a person who leads and oversees the operations of a particular department, ensuring the team meets its goals, adheres to policies, and contributes to overall business success.
Definition of "Manager" as a project supervisor
This definition links "Manager" to a role responsible for guiding and overseeing the completion of specific projects within the organization.
"Manager" means a person responsible for overseeing the execution of projects, ensuring they are completed on time, within budget, and in line with predetermined goals.
Definition of "Manager" as a resource allocator
This definition applies "Manager" to a role that manages the allocation of resources, including personnel, finances, and materials.
"Manager" refers to an individual responsible for efficiently allocating resources to ensure the successful execution of organizational projects, initiatives, or daily operations.
Definition of "Manager" as a performance evaluator
This definition ties "Manager" to a role responsible for assessing the performance of employees or teams against specific objectives.
"Manager" means a person who evaluates the performance of employees or teams, setting clear performance targets, and implementing strategies for continuous improvement.
Definition of "Manager" as a compliance overseer
This definition connects "Manager" to a role focused on ensuring that the organization adheres to legal, regulatory, and internal compliance standards.
"Manager" refers to an individual responsible for ensuring that all operational activities comply with relevant laws, regulations, and internal policies.
Definition of "Manager" as a change leader
This definition links "Manager" to a role responsible for driving change within the organization, including the introduction of new processes or technologies.
"Manager" means a person who leads change initiatives within the organization, driving the adoption of new systems, strategies, or ways of working to improve performance.
Definition of "Manager" as a conflict mediator
This definition applies "Manager" to a role focused on resolving conflicts within the workplace, promoting a collaborative environment.
"Manager" refers to an individual responsible for managing conflicts within a team, mediating disputes, and ensuring a harmonious work environment.
Definition of "Manager" as a financial overseer
This definition ties "Manager" to a role responsible for managing budgets, expenses, and financial planning.
"Manager" means a person responsible for overseeing the organization’s financial activities, including budget management, financial forecasting, and cost control.
Definition of "Manager" as a talent development leader
This definition connects "Manager" to a role focused on employee development and growth, ensuring team members receive appropriate training and career advancement opportunities.
"Manager" refers to an individual responsible for identifying skill gaps within the team, providing development opportunities, and fostering a culture of continuous learning.
Definition of "Manager" as a customer relations leader
This definition links "Manager" to a role focused on managing relationships with clients, ensuring their needs are met and promoting customer satisfaction.
"Manager" means a person responsible for overseeing customer relations, ensuring that client needs are addressed, and building long-term relationships to drive customer loyalty.
Definition of "Manager" as a product development supervisor
This definition applies "Manager" to a role that oversees the development and lifecycle of products or services.
"Manager" refers to an individual responsible for leading the product development team, from ideation to launch, ensuring products meet customer needs and company objectives.
Definition of "Manager" as a risk manager
This definition ties "Manager" to a role responsible for identifying, assessing, and mitigating risks within the organization.
"Manager" means a person responsible for identifying potential risks, developing mitigation strategies, and ensuring the organization is protected against threats to its operations or objectives.
Definition of "Manager" as an HR manager
This definition connects "Manager" to a role focused on overseeing human resources functions, including recruitment, training, and employee relations.
"Manager" refers to an individual responsible for managing human resources activities, ensuring effective recruitment, training, performance management, and employee relations.
Definition of "Manager" as a supply chain manager
This definition links "Manager" to a role that oversees the flow of goods, services, and information from suppliers to customers.
"Manager" means a person responsible for managing the supply chain, including sourcing, production, distribution, and inventory management to meet organizational demand.
Definition of "Manager" as a marketing manager
This definition applies "Manager" to a role responsible for creating and executing marketing strategies to promote products or services.
"Manager" refers to an individual responsible for developing and executing marketing campaigns, overseeing brand positioning, and driving customer engagement to enhance market share.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.