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CNCF has very similar phases for its projects to what we have at Hyperledger but they use the term "Graduated" instead of "Active" after incubation. As we all know, the term "Active" has been a source of confusion for a long time and the term Graduated is a much better name. Using Graduated would end the confusion we have with Active and besides the initial cost of switching - updating all the docs, etc - there doesn't seem to be any downsides.
Rename Active status and call it Graduated. Retain a reference to Active as the former name. Clearly specify that Graduated stands for "Graduated from Incubation" and not "Graduated from Labs" to avoid confusion.
Include any tasks here that need to be completed once the decision has been approved by the TSC