Definition of 2011 Operating Income


2011 Operating Income means, operating income during the 2011 fiscal year, excluding extraordinary gains or losses and the effects of any sale of assets (other than in the ordinary course of business), the effects of any refinancing of the Company's long-term indebtedness, the effects of changes in accounting principles. (b) "Annual Bonus" means the Award paid to a Participant after the Committee determines that the Performance Goal has been achieved and exercised its discretion in determining whether to pay the Eligible Bonus or some different lower amount. (c) "Eligible Bonus" means an Award equal to a percentage of a Participant's applicable annual base salary established within the first 90 days of the Performance Period or, in the case of new hires or Participants who are promoted, established at the time of hiring or promotion and the portion of fiscal year 2011 for which the salary is applicable, consistent with those established for the same or similar position by the Committee within the first 90 days of the Performance Period. (d) "Performance Goal" means achievement of 2011 Operating Income in an amount equal to or greater than an amount established by the Committee within the first 90 days of the Performance Period. (e) "Performance Period" means the Company's 2011 fiscal year.
Sample 1

Examples of 2011 Operating Income in a sentence

An amount ranging from 50% to 200% of such targeted amount may be earned by you solely based on satisfaction of goals that are determined based 50% on Parents 2011 Operating Income and 50% on Parents 2011 Revenue (each, as defined below), provided that, except as specifically set forth in the final sentence of Section 6(d) of the Employment Agreement, you are employed by the Company on the date such bonus is paid.
For purposes of this section, (a) Parents 2011 Operating Income means Parents operating income from continuing operations for fiscal year 2011 as reported in Parents consolidated financial statements for such fiscal year less all amounts accrued with respect to bonuses of executives of Parent and its subsidiaries with respect to such fiscal year and (b) Parents 2011 Revenue means Parents revenue for fiscal year 2011 as reported in Parents consolidated financial statements for such fiscal year.
Investment by Energy Served as of 12/31/11 Other, 2.3% Propane, 10.6% Electric, 7.4% Natural Gas, 79.7% 2011 Margin by Energy Served Propane, Other, 3.5% 19.3% Electric, Natural Gas, 10.3% 66.9% Propane, 2011 Operating Income by Energy Served 12.6% Other, 0.9% Electric, 4.4% Natural Gas, 82.1% Our natural gas operations represent the largest portion of our business.
An amount ranging from 50% to 200% of such targeted amount may be earned by you solely based on satisfaction of goals that are determined based 20% on Parents 2011 Operating Income, 60% on CGLs 2011 Operating Income and 20% on CGLs 2011 Revenue (each, as defined below); provided that, except as specifically set forth in the final sentence of Section 6(d) of the Employment Agreement, you are employed by the Company on the date such bonus is paid.
In the event of a Change in Control prior to the end of the Performance Period, (i), the Performance Goal shall be deemed to have been met if the Company's 2011 Operating Income through the end of the fiscal month preceding the Change in Control equals or exceeds 50% of the Company's operating income for the comparable period in the 2010 fiscal year, and (ii) all Performance Awards established by the Committee shall be immediately payable in cash to Participants upon the date of the Change of Control.