Examples of Average EPS Growth in a sentence
For this purpose, the EPS for any partial fiscal year shall be annualized (e.g., multiplied by 4/3 if the partial period is three quarters) before determining EPS Growth for that partial fiscal year, and the Average EPS Growth shall be determined by averaging however many full and partial fiscal years for which an EPS Growth percentage shall have been determined.
The percentage of Target Award Performance Units earned between threshold and target and target and maximum Average EPS Growth is based on interpolation, as set forth on Schedule A.
Once Average XXX and Relative Average EPS Growth are determined, the Corporate Performance Factor is calculated using the table below.
No later than the Vesting Date the Committee shall certify in writing (which may consist of approved minutes of a Committee meeting) the levels of Average EPS Growth and Average ROCE attained by the Company for the Performance Period and the number of Performance Shares issuable to Recipient based on such performance.
At the end of the Performance Period, the Annual Percentage Achieved for each of the three fiscal years will be added together, and such sum will then be divided by three, resulting in the “Average EPS Growth Achieved.” The amount of EPS Target PSUs that will vest will be calculated by multiplying the Average EPS Growth Achieved by the number of EPS Target PSUs. (c) The Award shall vest on an accelerated basis under certain circumstances, as provided in Section 2 and Section 3 below.
If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then Average EPS Growth and Average ROCE shall be adjusted to eliminate the impact of the change in accounting principle.
Summary Characteristics* Average Average Average Market Average EPS Growth Return on Debt/Total Cap** P/E Ratio 5 Year Equity Capitalization ----- --------- ------ ------ -------------- 1838 Small Cap Fund......................
Average EPS Growth is the simple average of EPS Growth in each of the two fiscal years in the Performance Cycle.
First Conversion Date means the date of the Committee’s or the Board’s certification of the Company’s Average EPS Growth and Average Net Sales Growth for the Performance Cycle, but no later than September 15, 2009.