Common use of Definitions and Method of Calculating Performance Metrics Clause in Contracts

Definitions and Method of Calculating Performance Metrics. Whether the Performance Metric has been met shall be determined pursuant to the following provisions and rules: As used in this Appendix B: Profits: means, for 2018, the Company’s consolidated income before income taxes for 2018, determined in accordance with generally accepted accounting principles and derived from the Company’s audited consolidated financial statements for 2018 as included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission, in each case subject to adjustment as set forth in this paragraph (b).

Appears in 4 contracts

Samples: Award Agreement (Tempur Sealy International, Inc.), Employment and Non Competition Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Definitions and Method of Calculating Performance Metrics. Whether the Performance Metric has been met shall be determined pursuant to the following provisions and rules: As used in this Appendix B: Profits: means, for 20182016, the Company’s consolidated income before income taxes for 20182016, determined in accordance with generally accepted accounting principles and derived from the Company’s audited consolidated financial statements for 2018 2016 as included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission, in each case subject to adjustment as set forth in this paragraph (b).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

Definitions and Method of Calculating Performance Metrics. Whether the Performance Metric has been met shall be determined pursuant to the following provisions and rules: As used in this Appendix B: Profits: means, for 20182017, the Company’s consolidated income before income taxes for 20182017, determined in accordance with generally accepted accounting principles and derived from the Company’s audited consolidated financial statements for 2018 2017 as included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission, in each case subject to adjustment as set forth in this paragraph (b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Definitions and Method of Calculating Performance Metrics. Whether the Performance Metric has been met shall be determined pursuant to the following provisions and rules: As used in this Appendix B: Profits: means, for 20182017, the Company’s consolidated income before income taxes for 20182017, determined in accordance with generally accepted accounting principles and derived from the Company’s audited consolidated financial statements for 2018 2016 as included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission, in each case subject to adjustment as set forth in this paragraph (b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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