At the end of objective setting - performance planning what should the employee know?

Where should the employee be at the conclusion of the performance planning phase. Here's some outcomes adapted from Manager's Guide To Performance Reviews By Robert Bacal (McGraw-Hill)

The employee should understand:

the most important job responsibilities that he or she needs to complete
when he or she must complete the job tasks (if appropriate)
how those job responsibilities relate to the goals of the work unit and the company
how well or to what "level" he or she needs to eperform the job activities
the criteria that will be used to reveiw performance during and at the end of the review process
Potential barriers to performing thejob tasks and possible solutions
any assistance to be expected from the manager to contribute to goal achievement and overcoming possible performance barriers