Performance Measure and Performance Goals. The performance measure for this Award shall be the Company’s Free Cash Flow (“FCF”). FCF is defined as net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment, subject to adjustment by the Committee. The performance goal shall be based on the three-year cumulative FCF over the Performance Period.
Appears in 3 contracts
Samples: Performance Share Award Agreement (American Axle & Manufacturing Holdings Inc), Performance Unit Award Agreement (American Axle & Manufacturing Holdings Inc), Performance Unit Award Agreement (American Axle & Manufacturing Holdings Inc)
Performance Measure and Performance Goals. The performance measure for this Award shall be the Company’s Free Cash Flow (“FCF”). FCF is defined as net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment, subject to adjustment by the Committee. The FCF performance goal shall be based on the 2021, 2022 and 2023 calendar years and the three-year cumulative FCF over the Performance Period.
Appears in 2 contracts
Samples: Performance Unit Award Agreement (American Axle & Manufacturing Holdings Inc), Performance Share Award Agreement (American Axle & Manufacturing Holdings Inc)
Performance Measure and Performance Goals. The performance measure for this Award shall be the Company’s Free Cash Flow (“FCF”). FCF is defined as net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment, subject to adjustment by the Committee. The FCF performance goal shall be based on the 2024, 2025 and 2026 calendar years and the three-year cumulative FCF over the Performance Period.
Appears in 2 contracts
Samples: Performance Unit Award Agreement (American Axle & Manufacturing Holdings Inc), Performance Share Award Agreement (American Axle & Manufacturing Holdings Inc)
Performance Measure and Performance Goals. The performance measure for under this Award shall be the Company’s Free Cash Flow (“FCF”). FCF is defined as net cash provided by operating activities less capital expenditures net of proceeds from the sale of property, plant and equipment, subject to adjustment by the Committeeequipment and government grants. The performance goal goals under this Award shall be based on the three-year cumulative FCF over the Performance Period.
Appears in 1 contract
Samples: Performance Share Award Agreement (American Axle & Manufacturing Holdings Inc)