ROIC Performance Period definition
ROIC Performance Period means the ROIC Performance Period specified in the Grant Notice.
ROIC Performance Period means the ROIC Performance Period specified in the Grant Notice. • “Three Year Average ROIC Change” means (1) the quotient of (a) the Company’s Adjusted Net Income for the ROIC Performance Period divided by three, divided by (b) the Company’s Adjusted Invested Capital for the ROIC Performance Period, less (2) the quotient of (x) the Company’s Adjusted Net Income for the year immediately preceding the Date of Grant (the “Baseline Year”), divided by (y) the Company’s Adjusted Invested Capital for the Baseline Year.
ROIC Performance Period means December 31, 2023 through January 2, 2027.
Examples of ROIC Performance Period in a sentence
For this purpose, the ROIC Performance Period is the twelve fiscal quarters occurring in the Company’s fiscal years 2026, 2027, and 2028.
More Definitions of ROIC Performance Period
ROIC Performance Period means the three fiscal year period set forth on the Statement of Performance Goals.
ROIC Performance Period means January 1, 2023 through January 3, 2026.
ROIC Performance Period means the ROIC Performance Period specified in the Grant Notice. • “Three Year Average ROIC Change” means (I) the quotient of (a) the Company’s Adjusted Net Income for the ROIC Performance Period divided by three, divided by (b) the Company’s Adjusted Invested Capital for the ROIC Performance Period, less (2) the quotient of (x) the Company’s Adjusted Net Income for the year immediately preceding the Date of Grant (the “Baseline Year”), divided by (y) the Company’s Adjusted Invested Capital for the Baseline Year. • “Target PSUs” means the target number of PSUs subject to the Award as specified in the Grant Notice. • “TSR” shall be determined with respect to the Company and any other Comparison Group member by dividing: (a) the sum of (i) the difference obtained by subtracting the applicable Beginning Price from the applicable Ending Price plus (ii) all dividends and other distributions on the respective shares with an ex-dividend date that falls during the TSR Performance Period by (b) the applicable Beginning Price. Any non-cash distributions shall be valued at fair market value. For the purpose of determining TSR, the value of dividends and other distributions shall be determined by treating them as reinvested in additional shares of stock at the closing market price on the date of distribution. • “TSR Percentile Rank” means the percentile ranking of the Company’s TSR among the TSRs for the Comparison Group members for the TSR Performance Period. TSR Percentile Rank is determined by ordering the Comparison Group members (plus the Company if the Company is not one of the Comparison Group members) from highest to lowest based on TSR for the relevant TSR Performance Period and counting down from the company with the highest TSR (ranked first) to the Company’s position on the list. If two companies are ranked equally, the ranking of the next company shall account for the tie, so that if one company is ranked first, and two companies are tied for second, the next company is ranked fourth. ln determining the Company’s TSR Percentile Rank for the TSR Performance Period, in the event that the Company’s TSR for