Average Operating Margin definition

Average Operating Margin means the average annual percentage of operating margin in the Performance Period. The operating margin is calculated as follows. OM = (income from operations) where income from operations and net sales are each as set forth in the audited consolidated financial statements of the Company.

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Average Operating Margin is defined as total Adjusted Gross Profit divided by total net invoiced selling price of Glass Tableware for a calendar year.

Average Operating Margin shall have the meaning as set forth in SECTION 6.2(d).

Examples of Average Operating Margin in a sentence

If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company’s peer group in the Performance Period.
If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company's peer group in the Performance Period.
If adjustment of the Operating Income and ROIC Component pursuant to Section 1(c)(3)(i) results in forfeiture of 100% of the Award, notwithstanding the forfeiture, 100% of the Award shall be subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related cash payment) based on the Average Operating Margin of the Company relative to the Average Operating Margin of companies in the Company's peer group in the Performance Period.

More Definitions of Average Operating Margin

Average Operating Margin means the average annual percentage of operating margin in the Performance Period. The operating margin is calculated as follows.

Average Operating Margin means, with respect to a Major Carrier, the total combined operating income for both fiscal years during the Performance Period divided by the total combined operating revenues for both fiscal years during the Performance Period (excluding any adjustments approved by the Administrator for fuel expense and other extraordinary items), each as reported by such Major Carrier in its public filings.

Average Operating Margin means, with respect to a Major Carrier, the total operating income for the Performance Period divided by the total operating revenues for the Performance Period (excluding any adjustments approved by the Administrator for fuel expense and other extraordinary items), each as reported by such Major Carrier in its public filings.