Cumulative Operating Income definition

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period:

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the “Excluded Effects”), for the Performance Period:

Cumulative Operating Income means the total Operating Income of the Corporation, excluding extraordinary and non-recurring items including restructuring and related charges, goodwill or fixed asset impairment charges, prepayment fees on debt, other extraordinary charges or credits, and the effects of acquisitions, for the three fiscal years beginning _____________ and ending _____________ (the “Performance Period”).

Examples of Cumulative Operating Income in a sentence

• The Operating Income and ROIC Component will be adjusted by multiplying it by the percentage set forth at the intersection of the Cumulative Operating Income and Average ROIC in the following matrix.

• On the part of each holder of an Allowed Claim, any impairment of its loan to the Debtor will have no donor’s tax consequence.

• The precise amount in which you may vest will be determined in accordance with the following rules, subject to certification by the Committee of the Company's Cumulative Operating Income during its 2013 to 2015 fiscal years (the “Performance Period”).

• On a monthly basis within three (3) Business Day after the Date of Determination, Borrower shall deposit with PFG as additional security for the Obligations, an amount equal to the cumulative shortfall between the required minimum Cumulative Operating Income (Losses) specified in Section 5 of this Schedule and Borrower’s actual Cumulative Operating Income (Losses) realized by Borrower during each such monthly period (the “Security Deposit”).

• Except as may otherwise be provided in the Plan or this Agreement, the Units shall vest in the amounts set forth below, depending upon the Cumulative Operating Income of the [Corporation/Division], as follows: For Cumulative Operating Income amounts that are between the levels shown above, a pro rata number of shares will vest, calculated on a straight line basis.

More Definitions of Cumulative Operating Income

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the effects of (a) catastrophic customer bankruptcies resulting in total bad debt expense in excess of $5 million in any fiscal year in the Performance Period and (b) transitioning the Company’s China business model from an indirect business to a direct business (collectively, the “Excluded Effects”).

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period: [EXCLUDED EFFECTS] (ii) 50% of the Award (the “ROIC Component”) is subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related cash payment, except as provided in Section 3(iii)) based on the Average ROIC of the Company in the Performance Period, as defined below. The ROIC Component will be adjusted by multiplying it by the “Payout as a % of Target” percentage set forth in the table below. If results are between data points, the percentage of the Award payable shall be determined by interpolation between data points.

Cumulative Operating Income means the sum of operating income for each fiscal year in a Performance Period. Operating income of the Company shall have the meaning utilized by the Company in its consolidated financial statements in accordance with generally accepted accounting principles as in effect on July 1, 2018, calculated without regard to the following: · Changes in accounting principles (i.e., cumulative effect of GAAP changes) · Income/loss from discontinued operations and income/loss on sale of discontinued operations or adjustments to previously disposed businesses and such items which are the result of a change in the law or the Company’s response thereto. · Impairments of intangibles and goodwill related to acquisitions. · The impact of an acquired business’ income statement not included in the Long-Range Plan (LRP) coincident with the performance period of the PSU, whether dilutive or accretive. For the sake of clarity, the LRP will be adjusted to include the expected performance of the acquired business(es) (i.e., the income statement acquisition Model used to support the purchase decision). The adjustment includes due diligence fees, investment banking fees, the operating performance of business and any transition and/or integration costs as reflected on the income statement of the acquired brand, as well as any fair value accounting charges or credits to the statement of earnings. · Non-recurring and non-operating income/expenses that are separately stated and disclosed in the financial statements and/or Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing in the Company’s reports for the applicable period — e.g., restructuring charges, legal settlement charges.

Cumulative Operating Income means the sum of the

Cumulative Operating Income is all Operating Income recognized during the Earn-Out Period.

Cumulative Operating Income has the meaning set forth in Section 4.4(g);

Cumulative Operating Income means the sum of the Company's Operating Income for the three fiscal years that comprise the Performance Period. You must retain all shares delivered to you upon vesting for a minimum of one year after the vesting date.