Increase in OPTE for Performance Periods with Negative Growth Year

Increase in OPTE for Performance Periods with Negative Growth Year. Notwithstanding Section 2(a)(i), in the event that a Subsidiary's OPTE for any Fiscal Year during the Performance Period is less than the Subsidiary's OPTE for the immediately preceeding Fiscal Year (such Fiscal Year with the lower OPTE is hereinafter referred to as (a "Negative Growth Year")), the Increase in the OPTE for the Performance Period containing the Negative Growth Year shall be calculated as the ratio of (A) divided by (B), where (A) is the average of the sum of the actual amount of... the increase(s) or decrease(s) in the OPTE for the Fiscal Years in such Performance Period and (B) is the OPTE for the Fiscal Year immediately prior to the first Fiscal Year of the applicable Performance Period. The calculation of the OPTE for any Fiscal Year does not include gain on the sale of fixed assets and is subject to other adjustments determined by the Committee. View More