Common use of Minimum Performance Measurement Clause in Contracts

Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s net income from continuing operations available to common shareholders excluding special items for the Award Period, as disclosed and discussed in the earnings release, must be positive and the Company must achieve a minimum EBIT threshold of $ . If both of the above minimum performance measurements are achieved, you may be eligible to receive up to 225% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 4 contracts

Samples: Incentive Award Agreement (Officemax Inc), Incentive Award Agreement (Officemax Inc), Incentive Award Agreement (Officemax Inc)

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Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s Company must achieve positive net income from continuing operations available to OfficeMax common shareholders excluding adjusted for special items for the Award Period, as disclosed and discussed in the earnings release, must be positive and the Company must achieve a minimum EBIT threshold of $ . If both of the above minimum performance measurements are achieved, then you may be eligible to receive up to 225175% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 2 contracts

Samples: 2013 Annual Incentive Award Agreement (Officemax Inc), Incentive Award Agreement (Officemax Inc)

Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s Company must achieve positive net income from continuing operations available to OfficeMax common shareholders excluding adjusted for special items for the Award Period, as disclosed and discussed in the earnings release, must be positive release and the Company must achieve meet a minimum EBIT threshold of $ $xxx.x million. If both of the above minimum performance measurements are achieved, you may be eligible to receive up to 225175% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 2 contracts

Samples: Officemax Incorporated (Officemax Inc), Incentive Award Agreement (Officemax Inc)

Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s Company must achieve positive net income from continuing operations available to OfficeMax common shareholders excluding adjusted for special items for the Award Period, as disclosed and discussed in the earnings release, must be positive and the Company must achieve a minimum EBIT threshold of $ . If both of the above minimum performance measurements are achieved, you may be eligible to receive up to 225% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 1 contract

Samples: 2011 Annual Incentive Award Agreement (Officemax Inc)

Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s Company must achieve positive net income from continuing operations available to OfficeMax common shareholders excluding adjusted for special items for the Award Period, as disclosed and discussed in the earnings release, must be positive and the Company must achieve a minimum EBIT threshold of $ . If both of the above minimum performance measurements are achieved, then you may be eligible to receive up to 225200% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 1 contract

Samples: Incentive Award Agreement (Officemax Inc)

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Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s Company must achieve positive net income from continuing operations available to OfficeMax common shareholders excluding adjusted for special items for the Award Period, as disclosed and discussed in the earnings release, must be positive release and the Company must achieve meet a minimum EBIT threshold of $ $xxx.x million. If both of the above minimum performance measurements are achieved, you may be eligible to receive up to 225200% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 1 contract

Samples: Officemax Incorporated (Officemax Inc)

Minimum Performance Measurement. As a condition of payment of the Award, both the Company’s net income from continuing operations available to common shareholders excluding special items for the Award Period, as disclosed and discussed in the earnings release, must be positive and the Company must achieve a minimum EBIT threshold of $ . $63.0M. If both of the above minimum performance measurements are achieved, you may be eligible to receive up to 225% of your Target Award. The actual amount of your Award will be determined pursuant to and in accordance with paragraph 5.

Appears in 1 contract

Samples: Officemax Incorporated (Officemax Inc)

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