EBIT

EBIT. The Company's earnings from continuing operations, excluding the impact of foreign currency exchange rate fluctuation, before interest and taxes adjusted for special items as disclosed and discussed in the earnings release for the award period, as calculated by the Company, consistent with Section 162(m) of the Code, in its sole and complete discretion.

EBIT. Earnings before interest and taxes. Unless determined otherwise by the Committee when granting an award, EBIT shall be calculated by adding (i) interest expense, net and (ii) income tax expense, to (iii) income from continuing operations, as adjusted for unusual items.

EBIT. Shall mean consolidated earnings before interest and taxes; provided, that all items of gain, loss, or expense for the annual performance period, and such other items utilized in measuring the achievement of performance goals for the performance period, determined to be extraordinary, unusual in nature, infrequent in occurrence, related to the acquisition or disposal of a business, or related to a change in accounting principle, all as determined in accordance with standards established by the... Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 225-20, Income Statement, Extraordinary and Unusual Items, and FASB ASC 830-10, Foreign Currency Matters, overall, other applicable accounting rules, or consistent with the Company's policies and practices for measuring the achievement of performance goals on the date the Committee establishes the For Named Executive Officer with Change in Control Agreement performance goals may be included or excluded in calculating whether a performance goal has been achieved. In addition, in measuring the achievement of performance goals, any shares outstanding used in calculating earnings per share shall not be reduced for any shares repurchased by the Company during the performance period under any share repurchase authorization by the Board. View More