Return on Average Invested Capital definition

Return on Average Invested Capital for a Performance Period means an amount, expressed as a percentage, determined by dividing (a) the Company’s Adjusted Net Earnings for the Performance Period by (b) the Company’s Average Invested Capital for the Performance Period.
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Examples of Return on Average Invested Capital in a sentence

  • Except as otherwise provided above, the number of Performance Units in which you will vest, if any (the “Earned Award”), shall be determined based on the Company’s relative Return on Average Invested Capital (“ROAIC”) improvement (as determined as set forth in Schedule A) as compared to the Competitor Peer Group (as set forth in Schedule B) for the period beginning January 1, 2017 and ending on December 31, 2019.

  • Except as otherwise provided above, the number of Performance Units in which you will vest, if any (the “Earned Award”), shall be determined based on the Company’s relative Return on Average Invested Capital (“ROAIC”) improvement (as determined as set forth in Schedule A) as compared to the Competitor Peer Group (as set forth in Schedule B) for the period beginning January 1, 2016 and ending on December 31, 2018.