EPS Goal definition
Examples of EPS Goal in a sentence
If the EPS Growth Goal for Target Year 2004 is attained: (1) 25% of Tranche 3 shall vest, (2) an additional 25% of Tranche 3 shall also vest if the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003, and (3) an additional 50% of Tranche 3 shall also vest if the EPS Goal for Target Year 2002 was not attained at the end of Target Year 2002 and the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003.
The number of Restricted Stock Units that shall vest pursuant to the Net Operating EPS Goal shall be determined as set forth in Appendix A attached hereto.
The Board has established (or will establish) Threshold (“Threshold”), Target (“Target”) and Stretch (“Stretch”) levels for the EPS Goal and the TSR Modifier.
The “EPS Accrual Percentage” for a particular Fiscal Year shall be determined as indicated in the table below by comparing the Company’s EPS for such Fiscal Year to the EPS Goal for such Fiscal Year (expressed as a percentage): If the Company’s EPS for a Fiscal Year as compared to the EPS Goal for such Fiscal Year falls between the percentiles specified in the table above, the EPS Accrual Percentage for such Fiscal Year shall be determined on a straight-line interpolated basis.
One-third of the Target PSUs will vest (subject to attainment of the applicable EPS Goal) in the year following the end of each calendar year in the Program Cycle upon the Company’s public release of earnings for the applicable calendar year setting forth the EPS results as of December 31st,.
If the applicable threshold EPS Goal is not achieved for a given calendar year in the Program Cycle, one-third of the Target PSUs will terminate and be forfeited.
The Board has established Threshold (“Threshold”), Target (“Target”) and Stretch (“Stretch”) levels for the EPS Goal.
If the EPS Growth Goal for Target ---------------- Year 2004 is attained: (1) 25% of Tranche 3 shall vest, (2) an additional 25% of Tranche 3 shall also vest if the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003, and (3) an additional 50% of Tranche 3 shall also vest if the EPS Goal for Target Year 2002 was not attained at the end of Target Year 2002 and the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003.
If the EPS Growth Goal for ---------------- Target Year 2004 is attained: (1) 25% of Tranche 3 shall vest, (2) an additional 25% of Tranche 3 shall also Exhibit B-4 vest if the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003, and (3) an additional 50% of Tranche 3 shall also vest if the EPS Goal for Target Year 2002 was not attained at the end of Target Year 2002 and the EPS Goal for Target Year 2003 was not attained at the end of Target Year 2003.
The threshold EPS is 90% of EPS Goal, or $2.448 (the “EPS Threshold”).