Examples of Adjusted ROIC in a sentence
There are two periods during which the performance goal measures apply (each a “Performance Period”): a one-year performance period applies to the Adjusted EBITDA goal (the “One-Year Goal”) and a three-year performance period applies to the Average Adjusted ROIC goal (the “Three-Year Goal”).
Management believes Adjusted ROIC is a useful financial measure because it provides investors information about ADM’s returns excluding the impacts of specified items and increases period-to-period comparability of underlying business performance.
Except as otherwise provided herein, Participant’s Adjusted ROIC Performance Units shall be earned on the Award Date (defined in paragraph 5) in a percentage determined by the performance level for the 3-Year Adjusted ROIC achieved during the Measurement Period, as set forth on Exhibit A.
Management uses Adjusted ROIC to measure ADM’s performance by comparing Adjusted ROIC to its weighted average cost of capital (WACC).
Adjusted ROIC Performance Units granted to Participant shall be credited to an account (the “Account”) established and maintained for Participant.