ROIC. For purposes of this Agreement, “ROIC” is defined in Exhibit A.
ROIC. The three-year average annual Return on Invested Capital. Return on Invested Capital is calculated for each fiscal year in the Performance Period by dividing the Company’s NOPAT for such period by the Company’s Average Invested Capital for such period. The ROIC is compared to the performance objectives set forth in your Summary of Performance Objectives to determine the vesting percentage.
ROIC. Return on Invested Capital, determined for the four fiscal quarters beginning each December 1 and ending November 30 during the Performance Period, calculated by dividing the Company's NOPAT for such period by the Company's Average Invested Capital for such period.
ROIC. If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period and/or the Three-Year Average equals or exceeds the maximum level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, 40% of the ROIC Target Performance Shares shall be earned for each such fiscal year and 80% of the ROIC Target Performance Shares shall be earned for the Three Year Average ROIC, with a fractional share from the total earned ROIC Target Performance Shares rounded down to the next whole share.
ROIC. If, upon the conclusion of the ROIC Performance Period, ROIC for the ROIC Performance Period falls below the threshold level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, no Performance Shares for ROIC performance shall become earned.
ROIC. If, upon the conclusion of the ROIC Performance Period, ROIC for the ROIC Performance Period equals or exceeds the maximum level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, 200% of the ROIC Target Performance Shares shall become earned.
ROIC. If, upon the conclusion of the ROIC Performance Period, ROIC for any fiscal year in the ROIC Performance Period or the Three-Year Average ROIC for the ROIC Performance Period falls below the threshold level, as set forth in the ROIC Performance Matrix contained in the Statement of Performance Goals, no Performance Shares for ROIC performance shall become earned for that fiscal year and/or the Three-Year Average, as applicable.
ROIC. ROIC is defined as adjusted net income, divided by the sum of long-term debt, minority interest, preferred stock and total common equity, each as reported in the Company's financial statements.
ROIC. As to 60% of the Target Award, the Performance Measure shall be the average rate of return on invested capital (“ROIC”) over the Performance Period, as measured against the Peer Group. ROIC for each of the three years will be calculated individually, and then averaged to make the final calculation. For purposes of calculating ROIC in any particular year: if a Peer Group company has a provision for income taxes (or equivalent) at a rate which is below 0%, its tax rate will be deemed to be zero; if a Peer Group company has a provision for income taxes (or equivalent) at a rate which is above 50% in any year, its tax rate will be deemed to be 50%. At the end of the Performance Period, Peer Group companies will be ranked from highest to lowest by their average rate of ROIC over the Performance Period as calculated under this Section 3.2(i).
ROIC. If, upon the conclusion of the Performance Period, ROIC for the Performance Period equals the threshold level, as set forth in the Performance Matrix contained in the Statement of Performance Goals, 50% of the ROIC Target Performance Shares for the Performance Period shall become earned.
