Performance Goal Range definition
Performance Goal Range. [o]% to [o]% on an index where 100% is equal to the Company's target operating profit for the fiscal year ending during the Performance Period. Performance Matrix*: ------------------------------------------- ------------------------------------ Determined Conditional [Actual Operating Income as Award Percentage of ]Target Operating as Percentage of Income Annualized Base Salary ------------------------------------------- ------------------------------------ < [ ]% 0.0% ------------------------------------------- ------------------------------------ [ ] to [ ] % [o]% to [o]% ------------------------------------------- ------------------------------------ [ ] to [ ] % [o]% to [o]% ------------------------------------------- ------------------------------------ [ ] to [ ] % [o]% ------------------------------------------- ------------------------------------ [ ] to [ ] % [o]% to [o]% ------------------------------------------- ------------------------------------ [ ] to [ ] % [o]% to [o]% ------------------------------------------- ------------------------------------ > [ ] % [o]% ------------------------------------------- ------------------------------------ *If the Company's actual operating income for the Performance Period for the Performance Period falls within a band that is outside of the shaded target range, your Determined Conditional Award, as a percentage of your annualized base salary will be determined proportionately within the corresponding band (rounded to the nearest 0.5%). The number of ADRs to be awarded to you in satisfaction of your Determined Conditional Award will be confirmed to you in writing on or before [o]. In the event of any re-capitalization, re-organization, merger, acquisition, divestiture, consolidation, spin-off, combination, liquidation, dissolution, sale of assets or other similar corporate transaction or event, or any other event or circumstance occurring which has the effect, as determined by the Board, in its sole and absolute discretion, of distorting the operating income of the Company as reported in the Company's audited consolidated financial statements for the fiscal year ending during the Performance Period, including, without limitation, changes in accounting standards, the Board may adjust or modify, as determined by the Board in its sole and absolute discretion, the Performance Goal Range and/or the Performance Matrix, to the extent necessary to prevent reduction or enlargement of the Conditional Award attrib...