Restructuring Charges. Adjusted Net Income for each fiscal year of the Performance Period and Adjusted Capital as of each quarter end used in calculating Average Adjusted Capital for any fiscal year of the Performance Period shall be adjusted to eliminate the impact of any restructuring charges and exit-related activities as set forth in the audited consolidated statement of operations of the Company and its subsidiaries for the applicable period.
Appears in 6 contracts
Samples: Schnitzer Steel (Schnitzer Steel Industries Inc), Schnitzer Steel (Schnitzer Steel Industries, Inc.), Schnitzer Steel (Schnitzer Steel Industries Inc)