Earnings Per Share or EPS

Earnings Per Share or EPS. "Earnings Per Share" or "EPS" means the Company's diluted earnings per share determined under U.S. GAAP (Financial Accounting Standard 128 and/or applicable standards or interpretations for the applicable year). For purposes of this award, adjustments will be made to the numerator of the EPS calculation, for the following: (i) the effect on the deferred tax asset and liability attributable to changes in federal, state, provincial, or international income tax rates or laws becoming effective;... (ii) for the performance period only, the impact of changes in the exchange rate between international currencies and the U.S. dollar in excess of $50 million as compared to [insert Base Year]; and (iii) all of the items listed below (referred to as "Specified Items") that meet one of the following criteria: (1) in any one fiscal year, the after-tax amount of a single occurrence of a Specified Item exceeds $5 million; or (2) in any one quarter within a fiscal year, the after-tax amount of a series of related Specified Items exceeds $5 million in the aggregate and each individual Specified Item in the series exceeds $2 million. "Specified Items" are (i) extraordinary items under GAAP and changes in applicable accounting rules; (ii) impairment charges relating to goodwill, franchise, other intangibles, school contracts or other long term assets; (iii) legal settlements and judgments; (iv) insurance proceeds related to losses not recorded in the performance period; (v) the effect of acquisitions or dispositions on current year operations and any resultant gains or losses in accordance with applicable accounting standards, provided the subsidiary involved meets the definition of "significant subsidiary" as defined in Regulation S-X; (vi) gains or losses on sales of long-lived assets and equity investments; (vii) restructuring charges under GAAP and changes in applicable accounting rules; (viii) retained or uninsured losses related to acts of terrorism, product recalls, or natural disasters, including named hurricanes, tornados, fires, etc. ; (ix) and the cost related to the early extinguishment or modification of debt. Notwithstanding the foregoing, EPS for the performance period will be certified by the Human Resources and Compensation Committee of the Board (the "Committee"). In the rare and infrequent event that the Committee feels that the EPS computation provides a result that is not in the best interest of the Company, the Committee may exclude or modify any of the Specified Items to reduce such EPS result. View More

Earnings Per Share or EPS. Means, with respect to the Performance Period, the sum of the annual "earnings per common share — diluted" reflected in the regularly prepared and publicly available consolidated financial statements of the Company prepared in accordance with GAAP for each fiscal year included in the Performance Period, adjusted for non-recurring, unusual and unexpected items.