Definition of Pre-Bonus EPS


Pre-Bonus EPS means the Companys pro forma earnings per share for the Plan Year before the payment of any LIP Awards and the portion of any MIP Awards based on Company performance and excluding any extraordinary non-recurring expenses.
Sample 1

Examples of Pre-Bonus EPS in a sentence

Pre-Bonus EPS is less than Threshold EPS, no LIP Awards shall be paid.
If Pre-Bonus EPS is greater than or equal to Threshold EPS but less than Target EPS, the Eligible Executives LIP Award shall be an amount calculated according to the following formula: [A + (B A)(C D)/(E D)](1 + F) Where: A = Eligible Executives Threshold Award B = Eligible Executives Target Award C = Pre-Bonus EPS D = Threshold EPS E = Target EPS F = Eligible Executives Individual Performance Component b.
Pre-Bonus EPS is greater than or equal to Threshold EPS, proceed to Step 2.