MEASURE DEFINITIONS Sample Clauses

MEASURE DEFINITIONS. Your VDI Award performance criteria are comprised of two measures: New Awards Gross Margin Dollars and New Awards Gross Margin Percentage (the “Performance Targets”). New Awards Gross Margin Dollars measures the total amount of project gross margin that the Company expects to receive as a result of projects awarded within the Performance Period described below. New Awards Gross Margin Percentage is the total amount of gross margin the Company expects to receive as a result of projects awarded within the Performance Period as a percentage of expected revenue from those projects.
Sample 1Sample 2See All (4)
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MEASURE DEFINITIONS. Your Performance Award performance criteria are comprised of two measures: Return on Invested Capital (“ROIC”) and Earnings Per Share (“EPS”, and together with ROIC, the “Performance Targets”), averaged over a three-year performance period beginning on January 1, [GRANT YEAR] and ending on December 31, [END OF THREE-YEAR PERIOD] (the “Performance Period”). ROIC is calculated by dividing full year corporate net earnings attributable to Fluor Corporation from continuing operations (excluding after-tax net interest) by Net Invested Capital. Net Invested Capital is defined as total shareholders’ equity (excluding accumulated other comprehensive income) plus total external long and short-term debt (excluding non-recourse debt) minus cash, current and non-current marketable securities in excess of US $1.0 billion. ROIC is calculated based on the average Net Invested Capital reported for the previous five quarters. EPS represents diluted earnings per share attributable to Fluor Corporation from continuing operations. The Performance Targets may be subject to certain adjustments approved by the Committee in connection with the grants.
Sample 1Sample 2
MEASURE DEFINITIONS. Your VDI Award performance criteria are comprised of two measures: Earnings Per Share (“EPS”) and Average Annual Return on Assets Employed (“ROAE”) (the “Performance Targets”) over a three-year performance period beginning on January 1, [GRANT YEAR] and ending on December 31, [TWO YEARS FOLLOWING GRANT YEAR] (“Performance Period”). EPS represents the total earnings per share on the Company’s stock during the Performance Period. ROAE measures the average annual return on the Company’s assets employed during the Performance Period. The performance targets may be subject to certain adjustments approved by the Committee in connection with the grants.
Sample 1
MEASURE DEFINITIONS. Your VDI Award performance criteria are comprised of three measures: Annual Return on Assets Employed (“ROAE”), Annual New Awards Gross Margin Dollars and Annual New Awards Gross Margin Percentage (the “Performance Targets”), averaged over a three-year performance period beginning on January 1, [GRANT YEAR] and ending on December 31, [END OF THREE-YEAR PERIOD] (“Performance Period”).1 ROAE is calculated by dividing full year corporate net earnings (excluding after-tax interest expense) by net assets employed. Net assets employed is defined as total assets (excluding excess cash and current and non-current marketable securities) minus current liabilities (excluding non-recourse debt) and is calculated based on average net assets reported for the previous five quarters. New Awards Gross Margin Dollars measures the total amount of project gross margin that the Company expects to receive as a result of projects awarded within each year of the Performance Period. New Awards Gross Margin Percentage is the total amount of gross margin the Company expects to receive as a result of projects awarded within each year of the Performance Period as a percentage of expected revenue from those projects. The Performance Targets may be subject to certain adjustments approved by the Committee in connection with the grants.
Sample 1
MEASURE DEFINITIONS. Your VDI Award performance criteria are comprised of two measures: Annual Earnings Per Share (“EPS”) and Annual Return on Assets Employed (“ROAE”) (the “Performance Targets”) averaged over a three-year performance period beginning on January 1, [GRANT YEAR] and ending on December 31, [TWO YEARS FOLLOWING GRANT YEAR] (“Performance Period”). EPS represents the total earnings per share on the Company’s stock. ROAE is calculated by dividing full year corporate net earnings (excluding after-tax interest expense) by net assets employed. Net assets employed is defined as total assets (excluding excess cash and current and non-current marketable securities) minus current liabilities (excluding non-recourse debt) and is calculated based on average net assets reported for the previous five quarters. Both EPS and ROAE may be subject to certain adjustments approved by the Committee in connection with the grants.
Sample 1
MEASURE DEFINITIONS. Your VDI Award target is comprised of [performance measures — to be determined by the Organization and Compensation Committee. The Plan details what measures can be used for programs granted under the Plan. It may include performance criteria such as net earnings, new awards (dollars), new awards (percentage), new awards gross margin (dollars), new awards gross margin (percentage) and/or others as defined in the Plan].
Sample 1
MEASURE DEFINITIONS. Your VDI Award performance criteria are comprised of three measures: Annual Return on Assets Employed (“ROAE”), Annual New Awards Gross Margin Dollars and Annual New Awards Gross Margin Percentage (the “Performance Targets”), averaged over a three-year performance period beginning on January 1, 2017 and ending on December 31, 2019 (“Performance Period”) 1. ROAE is calculated by dividing full year corporate net earnings (excluding after-tax interest expense) by net assets employed. Net assets employed is defined as total assets (excluding excess cash and current and non-current marketable securities) minus current liabilities (excluding non-recourse debt) and is calculated based on average net assets reported for the previous five quarters. New Awards Gross Margin Dollars measures the total amount of project gross margin that the Company expects to receive as a result of projects awarded within each year of the Performance Period. New Awards Gross Margin Percentage is the total amount of gross margin the Company expects to receive as a result of projects awarded within each year of the Performance Period as a percentage of expected revenue from those projects. The Performance Targets may be subject to certain adjustments approved by the Committee in connection with the grants.
Sample 1
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Related to MEASURE DEFINITIONS

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