Examples of Cumulative Adjusted Net Income in a sentence
Below are the target performance goals for each measure.Absolute Cumulative Adjusted Net Income for Three Ongoing Businesses —TSR — 50% of Target Unit Value 50% of Target Unit ValuePerformance Goal: Middle Third Performance Goal: + 5% – 10% growth in (Ranked 3 and 4) 2007, 2008 and 2009 over 2006 Actual(excluding prior year development)CIGNA’s total shareholder return for 2009 was 110%, which exceeded the median of the competitive peer group by a wide margin.
Any PSUs granted hereby which remain outstanding as of the Determination Date, but do not vest as of the Determination Date, shall automatically be cancelled and forfeited on the Determination Date without payment of any consideration therefor, and Participant shall have no further right to or interest in such PSUs.* In the event that the Company’s Cumulative Adjusted Net Income per Share falls between performance ranges, the applicable Earning Percentage shall be determined by linear interpolation.
Subject to Sections 2.2 and 2.3 hereof, a number of PSUs shall vest on the Determination Date (as defined below) equal to (i) the Target Number of PSUs, multiplied by (ii) the “Earning Percentage” set forth in the table below based on the Company’s Cumulative Adjusted Net Income per Share for the Performance Period.
This has the practical relevance that it will not matter whether we refer to the actual wage of a worker or to the rank of the worker in the wage distribution, since the rank is just a monotone transformation of the actual wage.It is easiest to highlight why the model generates U-shapes by looking at the case where workers get paid according to expected ability (6).
CIGNA’s Absolute Cumulative Adjusted Net Income result of $3.469 million is in the lower end of the target range.