(1)(a) “Access metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(A).

     (1)(b) “Award” means a degree or certificate that an institution grants.

     (1)(c) “Cohort” means a group of students, defined by the year in which the group enrolls in an institution.

     (1)(d) “Five-year performance period” means the five-year period beginning on July 1, 2022, and ending on June 30, 2027.

     (1)(e) “High-yield award” means the same as that term is defined in board policy under Subsection 53B-7-706(2)(c).

     (1)(f) “High-yield awards metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(C).

     (1)(g) “Institution” means an institution of higher education described in Section 53B-1-102.

     (1)(h) “Standard completion time” means the time in which a student typically completes an award program.

     (1)(i) “System” means the Utah System of Higher Education.

     (1)(j) “Timely completion metric” means the metric described in Subsection 53B-7-706(2)(a)(ii)(B).

     (2)(a) for the access metric, to increase the percent of Utah high school graduates participating in the system by 3.0%;

     (2)(b) for the timely completion metric, to increase the system percentage of a cohort that completes an award in up to and including 1.5 times the standard completion time by 3.0%; and

     (2)(c) for the high-yield awards metric, to increase the system percentage of high-yield awards by 3.0%.

     (3)(a) for the access metric, to increase the institution’s share of Utah high school graduates participating in the system by a percentage that the board determines;

     (3)(b) for the timely completion metric, to increase the percent of a cohort enrolled at the institution that completes an award in up to and including 1.5 times the standard completion time or sooner by a percentage that the board determines; and

     (3)(c) for the high-yield awards metric, to increase the percent of high-yield awards the institution grants by a percentage that the board determines.