Examples of Threshold EPS in a sentence
For sake of clarity, if the Company’s performance exceeds any of the targets for Net Sales Growth and/or R&D Reinvestment Rate, but actual Adjusted EPS does not exceed the Threshold EPS, no bonus will be payable.
Less than Threshold EPS % Exactly equal to Threshold EPS % Greater than Threshold EPS but less than Goal EPS Determined by multiplying the “Incremental Percentage” shown in Table 1 by the number of cents by which EPS exceeds Threshold EPS and adding the result (rounded to the nearest whole percentage) to % Exactly equal to or greater than Goal EPS % Note that the maximum Corporate Performance Factor if Goal EPS is not achieved is %.
In no event, however, will the CEO or President be eligible to receive all or any portion of such bonus if the Company’s Adjusted EPS does not exceed the Threshold EPS.
Incentive EPS Award PoolIn order for any Awards to be payable to eligible Officers, the Company must achieve the Threshold EPS level set forth in Table 1 of Attachment A.
The Corporate Performance Factor for a particular Fiscal Year and for a particular Test is a percentage based on EPS (or cumulative EPS) relative to the applicable Threshold EPS and Goal EPS.