Common use of ROIC Target Clause in Contracts

ROIC Target. A portion of the actual number of Performance Shares subject to this Agreement also shall be determined based upon the Company's achievement of the ROIC Target as follows: If the Company's average ROIC during the Measuring Period is: Actual Number ofPerformance Shares: < % % of the Target Number % % of the Target Number > % % of the Target Number For purposes of the foregoing, the level of achievement of the ROIC Target shall be determined by the Committee in its sole discretion by calculating the Company's return on invested capital for each applicable fiscal year by dividing (i) the Company's operating earnings for the applicable fiscal year, by (ii) the Company's net working assets for the applicable fiscal year. Further, the actual number of Performance Shares subject to this Agreement based upon the Company's achievement of the ROIC Target shall be determined by applying straight-line interpolation rounded down to the nearest whole number of Performance Shares.

ROIC Target. A portion of the actual number of Performance Shares subject to this Agreement also shall be determined based upon the Company's ’s achievement of the ROIC Target as follows: If the Company's ’s average ROIC during ROICduring the Measuring Period is: Actual Number ofPerformance of Performance Shares: < <21.6% 0% of the Target Number 23.8 % 50% of the Target Number > >26.0% 100% of the Target Number For purposes of the foregoing, the level of achievement of the ROIC Target shall be determined by the Committee in its sole discretion by calculating the Company's ’s return on invested capital for each applicable fiscal year by dividing (ia) the Company's ’s operating earnings for the applicable fiscal year, by (iib) the Company's ’s net working assets for the applicable fiscal year. Further, the actual number of Performance Shares subject to this Agreement based upon the Company's ’s achievement of the ROIC Target shall be determined by applying straight-line interpolation rounded down to the nearest whole number of Performance Shares.