Common use of ROIC Clause in Contracts

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. 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 ’s NOPAT for such period by the Company's ’s Average Invested Capital for such period.