Extraordinary Items or Events Sample Clauses
The 'Extraordinary Items or Events' clause defines how unusual, infrequent, or non-recurring occurrences are treated within the context of an agreement or financial statement. This clause typically outlines the process for identifying and reporting such items, which may include natural disasters, major asset sales, or other significant events outside normal business operations. Its core function is to ensure transparency and fairness by separating extraordinary items from regular activities, thereby providing a clearer picture of ongoing performance and protecting parties from unforeseen impacts.
Extraordinary Items or Events. In addition to the non-GAAP measures and adjustments historically used by the Company in determining EPS, the following items shall be disregarded in determining achievement of the EPS growth performance goal: extraordinary items or events that have unanticipated impact (e.g., the Ukraine Conflict), corporate transactions (including acquisitions or dispositions) and other unusual or nonrecurring items. For purposes of such EPS growth determinations, the impact of unplanned share repurchases attributable to corporate transactions (including acquisitions or dispositions) shall be disregarded. The example below assumes: • 90,000 Total Target Shares are awarded, resulting in an RSU Award of: ◦ 45,000 Target rTSR Shares, ◦ 45,000 Target EPS Shares, and ◦ 180,000 Maximum Shares
Extraordinary Items or Events. In addition to the non-GAAP measures and adjustments historically used by the Company in determining EPS, the following items shall be disregarded in determining achievement of the EPS growth performance goal: extraordinary items or events that have unanticipated impact (e.g., the Ukraine Conflict), corporate transactions (including acquisitions or dispositions) and other unusual or nonrecurring items. For purposes of such EPS growth determinations, the impact of unplanned share repurchases attributable to corporate transactions (including acquisitions or dispositions) shall be disregarded. The example below assumes: • 100,500 Total Target Shares are awarded, resulting in an RSU Award of: ◦ 30,000 Target rTSR Shares, ◦ 70,500 Target EPS Shares, ◦ 60,000 Maximum rTSR Shares, and ◦ 176,250 Maximum EPS Shares rTSR Percentile Rank: 60th percentile rTSR Award Earned: 60th percentile is above the 50th percentile (Target Performance Level) and below the 75th percentile (Maximum Performance Level) so interpolated earnings of 140% of the Target rTSR Shares, or 42,000 Vested Shares is achieved Outcome: Maximum EPS Growth Performance and rTSR Percentile Rank at 40th percentile, each over the EPS Performance Period EPS Growth Percentage: [●]% EPS Award Earned: [●]% is greater than [●]% (Maximum Performance Level) and rTSR performance over the EPS Performance Period is above 25th percentile rank relative to rTSR Peer Companies, so maximum earnings of 250% of the Target EPS Shares, or 176,250 Vested Shares is achieved Total Vested Shares (Scenario 1): 218,250 Vested Shares (i.e., 42,000 rTSR Shares Earned + 176,250 EPS Shares Earned) rTSR Percentile Rank: 30th percentile rTSR Award Earned: 30th percentile is equal to Threshold Performance Level so earnings of 25% of the Target rTSR Shares, or 7,500 Vested Shares is achieved Outcome: Maximum EPS Growth Performance and rTSR Percentile Rank at 20th percentile, each over the EPS Performance Period EPS Growth Percentage: [●]% EPS Award Earned: [●]% is greater than [●]% (High Performance Level) and less than [●]% (Maximum Performance Level). Interpolation would not apply since the rTSR performance over the EPS Performance Period is below 25th percentile rank relative to rTSR Peer Companies, so earnings capped at 200% of the Target EPS Shares, or 141,000 Vested Shares is achieved Total Vested Shares (Scenario 2): 148,500 Vested Shares (i.e., 7,500 rTSR Shares Earned + 141,000 EPS Shares Earned)
Extraordinary Items or Events. In addition to the non-GAAP measures and adjustments historically used by the Company in determining EPS, the following items shall be disregarded in determining achievement of the EPS growth performance goal: extraordinary items or events that have unanticipated impact (e.g., the Ukraine Conflict), corporate transactions (including acquisitions or dispositions) and other unusual or nonrecurring items. For purposes of such EPS growth determinations, the impact of unplanned share repurchases attributable to corporate transactions (including acquisitions or dispositions) shall be disregarded. The example below assumes: • 45,000 Total Target Shares are awarded (90,000 Maximum Shares) EPS Growth Percentage: [*]% EPS Growth Percentage: [*]% is between [*]% (Maximum Performance Level) and [*]% (Target Performance Level), so, interpolated earnings of 150% (i.e., 1½ expressed as a percentage) of the Target Shares, or 67,500 Vested Shares is achieved
Extraordinary Items or Events. In addition to the non-GAAP measures and adjustments historically used by the Company in [*], the following items shall be disregarded in determining achievement of the [*] performance goal: extraordinary items or events that have unanticipated impact (e.g., the Ukraine Conflict), corporate transactions (including acquisitions or dispositions), including any increases or decreases in [*] resulting from any such acquisitions or dispositions and other unusual or nonrecurring items.
Extraordinary Items or Events. In addition to the non-GAAP measures and adjustments historically used by the Company in determining EPS, the following items shall be disregarded in determining achievement of the EPS growth performance goal: extraordinary items or events that have unanticipated impact, corporate transactions (including acquisitions or dispositions) and other unusual or nonrecurring items. For purposes of such EPS growth determinations, the impact of unplanned share repurchases attributable to corporate transactions (including acquisitions or dispositions) shall be disregarded. The example below assumes: • 90,000 Total Target Shares are awarded, resulting in an RSU Award of: ◦ 45,000 Target rTSR Shares, ◦ 45,000 Target EPS Shares, and ◦ 180,000 Maximum Shares rTSR Percentile Rank: 85th percentile rTSR Award Earned: 85th percentile is above the 75th percentile (Maximum Performance Level) so maximum earnings of 200% of the Target rTSR Shares, or 90,000 Vested Shares is achieved EPS Growth Percentage: 11% EPS Growth Percentage: 11% is between 12% (Maximum Performance Level) and 9% (Target Performance Level), so, interpolated earnings of 166.667% (i.e., 1⅔ expressed as a percentage) of the Target EPS Shares, or 75,000 Vested Shares is achieved Total Vested Shares: 165,000 Vested Shares (i.e., 90,000 rTSR Shares Earned + 75,000 EPS Shares Earned)