Corporate Operating Income means the Companys consolidated currency neutral operating income as reflected in its audited financial statements for the relevant period less (i) charges incurred in connection with the Companys Global Operations Strategy (GOS) and (ii) other unforeseen one-time charges as determined by the Committee. Currency neutral operating income will be derived by adjusting the actual 2010 P&L at Budgeted 2010 FX rates.
Examples of Corporate Operating Income in a sentence
Corporate Operating Income shall be weighted 2.75x Corporate Sales.
The Corporate Goals shall constitute 75% of the Award (with Corporate Operating Income accounting for 55% of the Award and the Corporate Sales accounting for 20% of the Award) and the Participants satisfaction of his or her MBOs shall constitute 25% of the Award (based on the Committees or Chief Executive Officers evaluation of a Participants satisfaction of his or her MBOs).
The final goal achievement will be calculated as follows: 75% X Divisional Contribution Income Achievement % + 25% X Corporate Operating Income Achievement % = Total Goal Achievement % Corporate Employees: A FY04 operating profit* goal will be established for the corporation.
The final goal achievement will be calculated as follows: 50% X Divisional Contribution Income Achievement % + 50% X Corporate Operating Income Achievement % = Total Goal Achievement % Corporate Officers: A FY04 operating profit* goal will be established for the corporation.
A minimum level of Corporate Operating Income of $ million is required before any Award will be paid under this Program to any Participant regardless of any other performance measure.