Cumulative Operating Income definition

Cumulative Operating Income means the sum of the annual income from operations for each of the two fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period:

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period:

Cumulative Operating Income means the total Operating Income of the Corporation, excluding extraordinary and non-recurring items including restructuring and related charges, goodwill or fixed asset impairment charges, prepayment fees on debt, other extraordinary charges or credits, and the effects of acquisitions, for the three fiscal years beginning _____________ and ending _____________ (the “Performance Period”).

Examples of Cumulative Operating Income in a sentence

• The RSUs are subject to both a performance-based vesting condition (the "Performance Vesting Condition") based on the Company’s cumulative operating income ("Cumulative Operating Income") and a time-based vesting condition (the "Time-Based Vesting Condition").

• Except as otherwise set forth in this Agreement, for the period beginning [DATE] and ending [DATE] (the "Performance Period"), the Award is subject to increase, decrease or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock), based on achievement of the Cumulative Operating Income during the Performance Period.

• Except as otherwise set forth in this Agreement, for the period beginning [DATE] and ending [DATE] (the "Performance Period"), the Award is subject to increase, decrease or forfeiture (and if forfeited the Recipient shall have no right to receive any cash related to the Award), based on achievement of the Cumulative Operating Income during the Performance Period.

• The Award is subject to both a performance-based vesting condition (the "Performance Vesting Condition") based on the Company's cumulative operating income ("Cumulative Operating Income") and a time-based vesting condition (the "Time-Based Vesting Condition").

More Definitions of Cumulative Operating Income

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the effects of (a) catastrophic customer bankruptcies resulting in total bad debt expense in excess of $5 million in any fiscal year in the Performance Period and (b) transitioning the Company’s China business model from an indirect business to a direct business (collectively, the “Excluded Effects”).

Cumulative Operating Income means the sum of operating income for each fiscal year in a PSU Performance Period. Operating income of the Company shall have the meaning utilized by the Company in its consolidated financial statements in accordance with generally accepted accounting principles as in effect on [date], calculated without regard to the following: • Changes in accounting principles (i.e., cumulative effect of GAAP changes) • Income/loss from discontinued operations and income/loss on sale of discontinued operations or adjustments to previously disposed businesses and such items which are the result of a change in the law or the Company’s response thereto. • Impairments of intangibles and goodwill related to acquisitions. • The impact of an acquired business’ income statement not included in the Long-Range Plan (LRP) coincident with the PSU Performance Period, whether dilutive or accretive. For the sake of clarity, the LRP will be adjusted to include the expected performance of the acquired business(es) (i.e., the income statement acquisition Model used to support the purchase decision). The adjustment includes due diligence fees, investment banking fees, the operating performance of business and any transition and/or integration costs as reflected on the income statement of the acquired brand, as well as any fair value accounting charges or credits to the statement of earnings. • Non-recurring and non-operating income/expenses that are separately stated and disclosed in the financial statements and/or Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing in the Company’s reports for the applicable period – e.g., restructuring charges, legal settlement charges.

Cumulative Operating Income means the sum of the annual income from operations for each of the fiscal years in the Performance Period as set forth in the audited consolidated financial statements of the Company, excluding the following items (collectively, the "Excluded Effects"), for the Performance Period: [EXCLUDED EFFECTS] (ii) 50% of the Award (the “ROIC Component”) is subject to increase or forfeiture (and if forfeited the Recipient shall have no right to receive the related Common Stock, excepted as provided in Section 3(iii)) based on the Average ROIC of the Company in the Performance Period, as defined below. The ROIC Component will be adjusted by multiplying it by the “Payout as a % of Target” percentage set forth in the table below. If results are between data points, the percentage of the Award payable shall be determined by interpolation between data points.

Cumulative Operating Income means the sum of the

Cumulative Operating Income means the sum of the Company's Operating Income for the three fiscal years that comprise the Performance Period. You must retain all shares delivered to you upon vesting for a minimum of one year after the vesting date.

Cumulative Operating Income has the meaning assigned to such term on Schedule D-1.

Cumulative Operating Income means the net income of the Borrower and its Subsidiaries plus provisions for income taxes, interest expense, depreciation, amortization and extraordinary charges or credits.