Non-GAAP EPS definition
Examples of Non-GAAP EPS in a sentence
For performance at threshold or higher, vesting shall be determined as follows: Evaluate Non-GAAP EPS CAGR as of each of September 30, 2013, 2014 and 2015.
If the Non-GAAP EPS CAGR is 20% for each year: • 120,000 shares will be earned for 2013 and vested, • 120,000 shares will be earned for 2014 and vested, and • 120,000 shares will be earned for 2015 and vested.
Non-GAAP EPS for purposes of the Milestones #10-12 below shall be calculated in a manner consistent with any non-GAAP EPS numbers publicly disclosed to the Company’s investors.
The Dividend Coverage Requirement shall be deemed to be satisfied if cumulative non-GAAP earnings per share on a diluted basis (Diluted Non-GAAP EPS) of the Company exceeds the cumulative dividends per share declared by the Company during the Performance Period.
Diluted Non-GAAP EPS shall be computed by dividing cumulative non-GAAP operating earnings for the Performance Period by the weighted average number of shares of the Company’s common stock outstanding during the Performance Period.
Non-GAAP EPS of at least $2.00 for a Fiscal Year (“FY”) is the “EPS Goal.” “FY EPS” for a particular year means the Company’s actual non-GAAP EPS for that Fiscal Year.
The FY2012 LTIP is comprised of three components of equal value – Stock options, Total Shareholder Return Restricted Stock Units (TSR RSUs), and Non-GAAP Earnings Per Share Restricted Stock Units (Non-GAAP EPS RSUs).