Earning Performance Unit Awards. Unless expressly waived in the Award Agreement, vesting of Performance Unit Awards must be contingent on the attainment of one or more performance goals set forth in Section 15.6 and in such case shall be subject to the terms and conditions set forth therein.
Earning Performance Unit Awards. Unless expressly waived in the Award Agreement, vesting of Performance Unit Awards must be contingent on the attainment of one or more performance goals and in such case shall be subject to the terms and conditions set forth therein. The performance criteria that may be used to establish performance goals include, but are not limited to, one or any combination of the following criteria, each determined in accordance with generally accepted accounting principles or similar objective standards (and/or each as may appear in the annual report to stockholders, Form 10-K, or Form 10-Q) or as otherwise determined by the Committee:
(1) revenue;
(2) earnings (including earnings before interest, taxes, depreciation, and amortization, earnings before interest and taxes, and earnings before or after taxes);
(3) operating income;
(4) net income;
(5) operating or profit margins;
(6) earnings per share;
(7) return on assets;
(8) return on equity;
(9) return on invested capital;
(10) economic value-added;
(11) stock price;
(12) gross dollar volume;
(13) total stockholder return;
(14) market share;
(15) book value;
(16) expense management;
(17) cash flow; and
(18) customer satisfaction. The foregoing criteria may relate to the Company, one or more of its Affiliated Employers or subsidiaries or one or more of its divisions or units, or any combination of the foregoing, and may be applied on an absolute basis and/or be relative to one or more peer group companies or indices, or any combination thereof, all as the Committee shall determine. The Committee in its sole discretion in setting the goals/targets may provide for the making of equitable adjustments (singularly or in combination) to the goals/targets in recognition of unusual or non-recurring events for the following qualifying objective items or such other items determined appropriate by the Committee:
a) asset impairments under Statement of Financial Accounting Standards No. 144, as amended or superseded;
b) acquisition-related charges;
c) accruals for restructuring and/or reorganization program charges;
d) merger integration costs;
e) any profit or loss attributable to the business operations of any entity or entities acquired during the period of service to which the performance goal relates;
f) tax settlements;
g) any unusual or infrequently occurring items described in the Financial Accounting Standards Board’s Accounting Standards Update No. 2015-01, or its successor;
h) any extraordinary, unusual in nature, inf...
Earning Performance Unit Awards. The number of Performance Units earned by a Participant will depend on the extent to which the performance goals established by the Board are attained within the applicable Performance Period, as determined by the Board.
