Common use of Profitability Requirement Clause in Contracts

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAP, for the twelve (12) consecutive fiscal months immediately preceding the date of the certification described in Subparagraph b. above (the “Profitability Requirement”).

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAPcalculated by reference to the Company’s GAAP financial results, for the twelve (12) consecutive fiscal months month period immediately preceding the date of the certification described in Subparagraph b. above (the “Profitability Requirement”).

Profitability Requirement. The Award No Award, or portion of an Award, shall not vest hereunder unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAP, for the twelve (12) consecutive fiscal months immediately preceding the date of the certification described in Subparagraph b. subparagraph (b) above (the “Profitability Requirement”).

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAP, for the twelve (12) consecutive fiscal months immediately preceding the date of the certification described in Subparagraph subparagraph b. above (the “Profitability Requirement”).

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAPcalculated by reference to the Company’s GAAP financial results, for the twelve (12) consecutive fiscal months month period immediately preceding the date of the certification described in Subparagraph b. above (the “Profitability Requirement”). This section is qualified by the provisions of subparagraph (e) below.

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined calculated by reference to the Company’s financial results, prepared in accordance with generally accepted accounting principles applicable in the United States (“GAAP”), for the twelve (12) consecutive fiscal months month period immediately preceding the date of the certification described in Subparagraph b. above (the “Profitability Requirement”). This section is qualified by the provisions of subparagraph (e) below.

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAP, less for the last twelve (12) consecutive fiscal months immediately preceding month period during the date of Performance Period, calculated (i) by reference to the certification Company’s GAAP financial results, and (ii) in the manner described in Subparagraph b. above the Form 10-K (the “Profitability Requirement”). This section is qualified by the provisions of subparagraph (e) below.

Profitability Requirement. The Award shall not vest unless the Company has achieved a combined ratio of 96 or less, determined in accordance with GAAP, for the twelve (12) consecutive fiscal months immediately preceding the date of the certification described in Subparagraph b. above (the “Profitability Requirement”).twelve