Performance Earnings definition

Performance Earnings means with respect to FY2017, FY2018 and FY2019, the extent to which the aggregate audited consolidated after-tax profit of the Target Group in the two (2) such fiscal years with the highest after-tax profit, exceeds US$3,000,000.
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Performance Earnings means with respect to FY2018, FY2019 and FY2020, the extent to which the aggregate audited consolidated PAT of the Target Group in the two (2) such fiscal years with the highest PAT (“Two Best Years”) exceeds US$3 million,
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Examples of Performance Earnings in a sentence

  • As of the Effective Date, each RemainCo Partnership hereby assumes the respective Assumed BBA Liability and applicable Clawback Obligations (subject to the terms and conditions set forth in the Performance Earnings Agreement).

  • Performance Earnings before Interest and Taxes shall be determined annually by the Company and reviewed by the accounting firm auditing the financial statements of the Company.

  • Any charge against earnings resulting from a difference in the fair market value of the Stock Options referred to in Section 5.01 and the option price thereof shall be considered an "extraordinary item" for purposes of determining Performance Earnings before Interest and Taxes.

  • The Company will exercise its discretion under the AECOM Amended and Restated 2006 Stock Incentive Plan (“the Plan”) to provide Executive with accelerated pro rata vesting, as of the Separation Date, of Executive’s 2015 and 2016 Restricted Stock Unit (RSU) and Performance Earnings Program (PEP) awards, covering a total of 154,450 shares of AECOM stock (the “Stock Payment”).

  • The 2015 Special PEP Award shall be subject to the terms of this Agreement, the 2006 Plan, the AECOM Technology Corporation Standard Terms and Conditions For Performance Earnings Program (the “PEP Terms and Conditions”) and the award agreement into which Executive and the Company will enter evidencing the grant of the 2015 Special PEP Award.

  • Below are the Elements of Contractor Performance Earnings for PY 23-24 and is a summary of Attachment F: Performance Standards.

  • The PEP25 award is subject to the Standard Terms and Conditions for Performance Earnings Program, including Attachment A thereto, and the AECOM 2020 Stock Incentive Plan attached hereto (together, the “Plan Documents”).

  • Performance Earnings before Interest and Taxes for purposes of Section 4 is defined to mean net income before extraordinary and nonrecurring items, interest, income taxes and cumulative effects of changes in accounting principles determined in accordance with generally accepted accounting principles ("GAAP") consistent with prior periods and such principles used in determining Target Earnings before Interest and Taxes.

  • The liability of the Pool Member shall be restricted to its share of the Ceding Company's liability as limited by the terms and conditions of the particular policy under which the Ceding Company is liable.

  • This Term Sheet includes important information concerning your Performance Earnings Program (“PEP”) award for Fiscal Year 2025 (“PEP25”).