Definition of FY 13 Operating Income

FY 13 Operating Income means "operating income" as shown in the Company's Consolidated Statements of Income for the year ended May 31, 2013, as filed with the Securities and Exchange Commission on the Company's Form 10-K for 2013, except that for the purpose of this Certificate, FY 13 Operating Income will be rounded up or down to the nearest whole million dollar level and shall exclude the impact of restructuring, acquisition-related intangible amortization expense, foreign exchange, and other non-recurring charges that are specifically excluded from the calculation of the Company's "cash" fiscal 2013 operating income, as described and quantified in the Company's fiscal 2013 year-end earnings press release.
Sample 1

Examples of FY 13 Operating Income in a sentence

Performance Units The Performance Units will be earned, in whole or in part, based on the Company's FY 13 Operating Income, FY 13 Revenue, FY 13 Diluted EPS, and FY 13 Operating Margin as follows: * If FY 13 Operating Income is ______ or below, the Performance Multiplier will be 0% and all of the Performance Units will be forfeited to the Company without further consideration or any act or action by Grantee.