Goal 5. The Charter School shall improve post-secondary planning by increasing the number of graduates who have completed a career interest inventory and applied to at least 1 college or trade school, completed the Free Application for Federal Student Assistance (FAFSA) and/or secured a military recruiter or enlisted in the military as follows: 80% completion in Year 1, 83% in Year 2, 85% in Year 3, 88% in Year 4 and 90% in Year 5.
Goal 5. The Charter School’s faculty and staff will reflect the socio- demographic diversity of the community it serves.
Goal 5. Goal 5 shall be based on Annual EBIT during the period commencing on July 1, 2006 and ending on June 30, 2010. For purposes of this subsection, the term “Annual EBIT” shall mean, with respect to each twelve-month period beginning on July 1, 2006, July 1, 2007, July 1, 2008 and July 1, 2009, the Company’s earnings before interest and taxes, as determined by the Plan Administrator. One hundred percent (100%) of the Performance Stock Units allocated to Goal 5 shall vest effective on the first date on which the Plan Administrator reasonably determines that Annual EBIT equaled or exceeded twelve million dollars (US$12,000,000.00); provided, however, that such Performance Stock Units shall not vest unless the Participant is an employee (or other service provider, as the case may be) of the Company or any Subsidiary on such date. Goal 5 may be subject to reasonable modification by the Plan Administrator in the future. If vested in accordance with the foregoing, the Performance Stock Units allocated to Goal 5 shall be settled in accordance with the terms of this Agreement as soon as administratively practicable following the vesting date, but in no event later than the March 15 of the calendar year immediately following the calendar year in which such vesting date occurs.
Goal 5. The Charter School will educate students with Critical Thinking Skills.
