Common use of Change in Accounting Principle Clause in Contracts

Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then the Adjusted Net Income and Adjusted Capital for each affected period shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 6 contracts

Samples: Schnitzer Steel (Schnitzer Steel Industries, Inc.), Schnitzer Steel (Schnitzer Steel Industries, Inc.), Schnitzer Steel (Schnitzer Steel Industries, Inc.)

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Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Award Period either as a result of the issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this awardthe 162(m) Award, then the Adjusted Net Income Cumulative EPS and Adjusted Capital for each affected period Average ROIC shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 4 contracts

Samples: Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co), Long Term Incentive Award Agreement (Northwest Natural Gas Co)

Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then the Adjusted Net Income Cash Flow and Adjusted Capital for each affected period shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 4 contracts

Samples: Schnitzer Steel (Schnitzer Steel Industries Inc), Long Term Incentive Award Agreement (Schnitzer Steel Industries Inc), Schnitzer Steel (Schnitzer Steel Industries Inc)

Change in Accounting Principle. If the Company implements a change in accounting principle during before the completion of all Performance Period Years either as a result of the issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval award of this awardthe RSUs, then the Adjusted Net Income and Adjusted Capital for ROE xxx each affected period year shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)

Change in Accounting Principle. If the Company implements a change in accounting principle during before the completion of all Performance Period Years either as a result of the issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval award of this awardthe RSUs, then the Adjusted Net Income and Adjusted Capital XXX for each affected period year shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreements (Northwest Natural Gas Co)

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Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then the Adjusted Net EPS and the Adjusted Operating Income and Adjusted Capital Employed of each business for each affected period shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Schnitzer Steel Industries Inc), Term Incentive Award Agreement (Schnitzer Steel Industries Inc)

Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then the Adjusted Net Income revenues and Adjusted Capital Operating Income of each business for each affected period shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 1 contract

Samples: Award Agreement (Schnitzer Steel Industries Inc)

Change in Accounting Principle. If the Company implements a change in accounting principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award, then the Adjusted EBITDA, Adjusted Operating Income, Adjusted Net Income and Adjusted Capital Shareholders’ Equity for each affected period shall be adjusted to eliminate the impact of the change in accounting principle.

Appears in 1 contract

Samples: Term Incentive Award Agreement (Schnitzer Steel Industries Inc)

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