Incremental EBIT definition
Examples of Incremental EBIT in a sentence
Your payout (“Payout”) under this Award is determined by multiplying (i) the profit share percentage shown on your Award Agreement (“Profit Share”) by (ii) your Business Unit’s Incremental EBIT (defined below) during the Performance Period.
The Incremental EBIT during the Performance Period is the total earnings before income and taxes (“EBIT”) for your Business Unit during the third fiscal year of the Performance Period compared to the Base Year EBIT.
The calculation of Incremental EBIT will include results from businesses acquired during the Performance Period.
Incremental EBIT will be adjusted to eliminate gain, loss or expense, as determined in accordance with standards established under Generally Accepted Accounting Principles, (i) from non-cash impairments; (ii) related to loss contingencies identified in footnotes to the financial statements in the Company’s 10-K relating to the fiscal year immediately preceding the Performance Period; (iii) related to the disposal of a segment of a business; or (iv) related to a change in accounting principle.
Incremental EBIT will exclude results for any businesses divested during the Performance Period, and the divested businesses’ EBIT will also be deducted from Base Year EBIT.
The WA OFM staff will provide the Census Bureau with datasets for review including but not limited to state managed transportation features, hydrological features, and local government parcel boundaries where copyright and data sharing agreements will allow.
In the event the aggregate Payouts for all Award recipients in your Business Unit exceed 5% of your Business Unit’s Incremental EBIT for the Performance Period, each of the Business Unit’s participants’ Profit Shares will be reduced proportionately such that the aggregate Payouts for all the Business Unit’s participants equal 5% of the Incremental EBIT.
The performance measure for the Long-Term Performance Period is Incremental EBIT Leverage.
In addition to the Closing Date Payment, the Wackenhut Subsidiaries shall pay to the Companies on account of each of the 1998, 1999 and 2000 fiscal years of the Wackenhut Subsidiaries an amount equal to the product of the Incremental EBIT of the Wackenhut Subsidiaries for such fiscal year, multiplied by five (5) (each such payment being referred to individually as an "Earnout Payment" and together as the "Earnout Payments").