Non-GAAP Operating Margin definition
Examples of Non-GAAP Operating Margin in a sentence
Only the Company’s pre-Closing performance will be taken into account in determining the 2019-2021 Non-GAAP Operating Margin Performance.
The TSR measure, the Organic Revenue Growth (CAGR) measure, and the Non-GAAP Operating Margin Expansion measure are each subject to certain measurement and adjustment principles as set forth immediately following each applicable measuring goal below.
Determinations of the Committee regarding 2019-2021 Total Revenues Performance (net of foreign exchange), 2019-2021 Non-GAAP Operating Margin Performance, Three-Year Relative TSR Performance and the resulting Performance Share Units vested, and related matters, will be final and binding on Participant.
The TSR measure, the Organic Revenue Growth (CAGR) measure, and the Non-GAAP Operating Margin Expansion measure are each subject to certain objective measurement and adjustment principles as set forth immediately following each applicable measuring goal below.
The Company’s Non-GAAP Operating Margin Performance for this period will be “locked” and this performance will used to determine the number of Performance Share Units eligible to vest based on this performance measure.
In making its determinations with respect to 2019-2021 Total Revenues Performance (net of foreign exchange), 2019-2021 Non-GAAP Operating Margin Performance and Three-Year Relative TSR Performance, the Committee may exercise its discretion (reserved under Plan Section 7(a)) to increase or reduce the amount of Performance Share Units deemed vested, in its sole discretion.