Common use of Adjusted Non-GAAP EBITDA Performance Goal Defined Clause in Contracts

Adjusted Non-GAAP EBITDA Performance Goal Defined. For the purposes of this Agreement “Adjusted Non-GAAP EBITDA” shall mean the Company’s consolidated earnings, before interest (income or expense), taxes, depreciation and amortization (or “EBITDA”) for the Performance Measurement Period, calculated taking into account any timely adjustments made in accordance with Section 2.3. If the Committee determines that an alternative method would be more appropriate to achieve the objectives of this Award then such method shall be applied to determine Adjusted Non-GAAP EBITDA for the Performance Measurement Period; provided, however, if the Grantee is a Covered Employee, the Committee’s determination must be made before the date that is 90 days after the commencement of the Performance Measurement Period. For purposes of this Agreement, the term “GAAP” means United States generally accepted accounting principles consistently applied.

Appears in 5 contracts

Samples: Performance Based Restricted Stock Units Award Agreement, Performance Based Restricted Stock Units Award Agreement (On Semiconductor Corp), Performance Based Restricted Stock Units Award Agreement (On Semiconductor Corp)

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Adjusted Non-GAAP EBITDA Performance Goal Defined. For the purposes of this Agreement Agreement, “Adjusted Non-GAAP EBITDA” shall mean the Company’s consolidated earnings, before interest (GAAP net income or expense), taxes, depreciation and amortization (or “EBITDA”) for the Performance Measurement Period, calculated taking into account any timely adjustments made as adjusted in accordance with Section 2.3. If the Committee determines that an alternative method would be more appropriate to achieve the objectives of this Award then such method shall be communicated to the Grantee and applied to determine Adjusted Non-GAAP EBITDA for the Performance Measurement Period; provided, however, if the Grantee is a Covered Employee, the Committee’s determination must be made before the date that is 90 days after the commencement of the Performance Measurement Period. For purposes of this Agreement, the term “GAAP” means United States generally accepted accounting principles consistently applied.

Appears in 1 contract

Samples: Stock Incentive Plan Agreement (On Semiconductor Corp)

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