Adjusted EPS Sample Clauses
The Adjusted EPS clause defines how a company's earnings per share (EPS) are calculated after making specific adjustments to exclude certain items, such as one-time charges, restructuring costs, or other non-recurring events. In practice, this clause outlines which financial items are to be added back or subtracted from net income before dividing by the number of shares outstanding, ensuring that the resulting EPS figure reflects the company's ongoing operational performance. Its core function is to provide a clearer, more consistent measure of profitability by removing the effects of unusual or non-operational items, thereby giving stakeholders a more accurate basis for comparison and decision-making.
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Adjusted EPS
Adjusted EPS. The Awardee shall earn fifty percent (50%) of the percentage of the Target Number of Performance Shares by reference to the cumulative Adjusted EPS achieved for Fiscal Years 2019-2021 as set forth in the following table. If the sum of Adjusted EPS achieved for Fiscal Years 2019-2021 falls between the thresholds set forth in the following table, the percentage of the Target Number of Performance Shares to be earned shall be determined by linear interpolation: $[____] 100% (Target)
Adjusted EPS. For purposes hereof, “Adjusted EPS” shall mean the Company’s diluted net income per share of Common Stock for the applicable fiscal year, as reported by the Company in its Form 10-K (or any successor form) for such year, as adjusted by the Committee pursuant to Section 3(d) below.