Common use of Adjustments to Performance Measurements for Significant Events Clause in Contracts

Adjustments to Performance Measurements for Significant Events. If, after the beginning of the Performance Period, there is a change in accounting standards required by the Financial Accounting Standards Board, the performance results shall be adjusted by the Company’s independent accountants as appropriate to disregard such change. In addition, the results of the Company or a peer group company shall be adjusted to reflect any stock splits or other events described in Article XIII of the Plan, but only if such adjustment would not cause the performance goal to no longer satisfy the requirements of Section 162(m) of the Code.

Appears in 9 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

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Adjustments to Performance Measurements for Significant Events. If, after the beginning of the Performance Period, there is a change in accounting standards required by the Financial Accounting Standards Board, the performance results shall be adjusted by the Company’s independent accountants as appropriate to disregard such change. In addition, the results of the Company or a peer group company shall be adjusted to reflect any stock splits or other events described in Article XIII of the Plan, but only if such adjustment would not cause the performance goal to no longer satisfy the requirements of Section 162(m) of the Code.

Appears in 5 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

Adjustments to Performance Measurements for Significant Events. If, after the beginning of the Performance Period, there is a change in accounting standards required by the Financial Accounting Standards BoardBoard or other significant event with respect to the Company or a Peer Group member, the performance results shall be adjusted by the Company’s independent accountants Committee as appropriate to disregard equitably reflect such change. In addition, the results of the Company change or a peer group company shall be adjusted to reflect any stock splits or other events described in Article XIII of the Plan, but only if such adjustment would not cause the performance goal to no longer satisfy the requirements of Section 162(m) of the Codeevent.

Appears in 1 contract

Samples: Phantom Share Agreement (Sterling Bancshares Inc)

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Adjustments to Performance Measurements for Significant Events. If, after the beginning of the Performance Period, there is a change in accounting standards required by the Financial Accounting Standards Board, the performance results shall be adjusted by the Company’s independent accountants as appropriate to disregard such change. In addition, the results of the Company or a peer group company shall be adjusted to reflect any stock splits or other events described in Article XIII of the Plan, but only if such adjustment would not cause the performance goal to no longer satisfy the requirements of Section 162(m) of the Code.

Appears in 1 contract

Samples: Performance Award Agreement (Kbr, Inc.)

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