Operating EPS definition

Operating EPS is defined as earnings from continuing operations, less one-time charges and merger related charges, which are presented as “non-GAAP financial measures” in the Company’s quarterly earnings releases, and the quarterly and annual reports filed with the Securities and Exchange Commission. A Target Payout will be made if Regions achieves exactly $5.90 cumulative Operating EPS. A Maximum Payout of 3.0 times the Target Payout will be made if Regions achieves exactly $6.15 or greater cumulative operating EPS. Payouts at performance levels other than those noted will be calculated using straight-line interpolation. In order for any payout to be made, Regions must achieve cumulative Operating EPS of at least $5.65. The Compensation Committee of the Board of Directors will determine Regions’ performance against goals and the amount of any payouts, and their determinations will be final. In no event, except a Change in Control as indicated in paragraph (b) below, will any payout be made unless and until the Compensation Committee certifies in writing that the performance goals and any other material terms (within the meaning of Treasury Regulation section 1.162-27(e) (5)) were in fact satisfied with respect to the Performance Units. Except as indicated in (a), (b) or (c) below, payouts will be made as soon as administratively feasible following December 31, 2008, but in no event later than March 15, 2009. If any of the following events occur during the Performance Period, payouts will be determined as noted:
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Operating EPS means the Company’s net income after taxes, excluding extraordinary items, divided by average common shares outstanding, in either case adjusted by the O&C Committee to reflect recapitalizations, nonrecurring and unusual transactions or events, stock dividends, and the like.
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Examples of Operating EPS in a sentence

  • The number of Restricted Stock Units that shall vest pursuant to the Net Operating EPS Goal shall be determined as set forth in Appendix A attached hereto.

  • The percentage of the Cumulative Operating EPS Percentage that will be paid out, if any, is based on the following table: To the extent the Company’s Cumulative Operating EPS Performance is greater than the Minimum and less that the Target, or greater than the Target and less than the Maximum, the Cumulative Operating EPS Percentage payout will be interpolated between the corresponding Percentage Payout of Cumulative Operating EPS Percentage ranges set forth above.

  • Cumulative Operating EPS Performance means the sum of the Company’s operating earnings per share as disclosed on Schedule 1 of the Company’s Earnings Release Kit for each of the fiscal years during the Performance Period, provided that Cumulative Operating EPS Performance will be scored without regard to amounts attributable to RNG 45Z tax credits.

  • Cumulative Operating Earnings Per Share Performance (“Cumulative Operating EPS Performance”) will determine forty percent (40%) of the Target Amount (“Cumulative Operating EPS Percentage”).

  • If the Company achieves at least a 4% compound average increase in Operating EPS during the Performance Period, the number of Target Units will be multiplied by the applicable percentage set forth in the following table to determine the actual number of restricted stock units upon which a cash payment will be based (the “Actual Units”).

  • Adjustments to Non-GAAP Common Operating EPS may be made by the Committee in accordance with the terms of the Plan and may include, without limitation, adjustments made to the EPS calculation in alignment with the Company’s Short-Term Incentive Compensation Non-GAAP Operating Earnings framework, as well as limitied circumstances where additional adjustments may be advisable as a result of unusual or non-recurring events affecting the Company.

  • At the end of the 3-year Performance Period, the percentage change so determined for each of the three fiscal years in the Performance Period will be added together to determine the 3-year Cumulative Operating EPS Growth Rate.

  • The Operating EPS at the end of each fiscal year will be compared to the Base EPS, and the percentage change (not annualized percentage change) in Operating EPS for such fiscal year compared to the Base EPS will be determined.

  • Non-GAAP Common Operating EPS is determined by dividing Non-GAAP Operating Earnings (subject to certain adjustments) by Diluted Common Shares Outstanding.

  • The 3-year Cumulative Operating EPS Growth will be a 3-year cumulative growth rate measured from a starting Base Operating EPS.

Related to Operating EPS

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Operating Unit means a department, division, facility or reporting location, whichever is applicable.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.