Performance Goals

Performance Goals. Means any goals the Administrator establishes that relate to one or more of the following with respect to the Company or any one or more of its Subsidiaries, Affiliates or other business units. As to each Performance Goal, the relevant measurement of performance shall be computed in accordance with generally accepted accounting principles, if applicable; provided that, the Administrator may, at the time of establishing... the Performance Goal(s), exclude the effects of (i) extraordinary, unusual and/or non-recurring items of gain or loss, (ii) gains or losses on the disposition of a business, (iii) changes in tax regulations or laws, or (iv) the effect of a merger or acquisition. Where applicable, the Performance Goals may be expressed, without limitation, in terms of attaining a specified level of the particular criterion or the attainment of an increase or decrease (expressed as absolute numbers or a percentage) in the -4- particular criterion or achievement in relation to a peer group or other index. The Performance Goals may include a threshold level of performance below which no payment will be made (or no vesting will occur), levels of performance at which specified payments will be paid (or specified vesting will occur), and a maximum level of performance above which no additional payment will be made (or at which full vesting will occur). View More

Performance Goals. Have the meaning set forth in Section 7 hereof. Performance Goals shall be objective and pre-established by the Committee within the meaning of Section 162(m) of the Code.

Performance Goals. Have the meaning set forth in Section 7 hereof. Performance Goals shall be objective and pre-established by the Committee within the meaning of Section 162(m) of the Code and the regulations promulgated thereunder, as amended from time to time.

Performance Goals. Means any goals the Committee establishes that relate to one or more of the following for such period as the Committee specifies: (i) Any of the following as determined for the Company on a consolidated basis, for any one or more Affiliates or divisions of the Company and/or for any other business unit or units of the Company, as determined by the Committee at the time an Award is made: (1) Net Income... before or after taxes; (2) Return measures, including but not limited to return on assets, equity, or sales; (3) Cash flow return on investments, which equals net cash flows divided by owners equity; (4) Earnings before or after taxes; (5) Gross revenues; (6) Share price, including but not limited to growth measures and total shareholder return; 3 (7) Economic profit, defined as, but not limited to, after tax operating profit less the cost of capital; and (8) Customer satisfaction results. (ii) Basic earnings per Share for the Company on a consolidated basis. (iii) Diluted earnings per Share for the Company on a consolidated basis. As to each Performance Goal, the relevant measurement of performance shall be computed in accordance with generally accepted accounting principles, but, unless otherwise determined by the Committee at the time the Award is made, will exclude the effects of (i) extraordinary, unusual, transition, one-time and/or non-recurring items of gain or loss, (ii) gains or losses on the disposition of a business or arising from the sale of assets outside the ordinary course of business, (iii) changes in tax or accounting regulations or laws, (iv) a merger or acquisition, or (v) repurchases of Company stock, that in each case the Company identifies in its audited financial statements, including footnotes, or the Management's Discussion and Analysis section of the Company's annual report. In the case of Awards that the Committee determines will not be considered "performance-based compensation" under Code Section 162(m), the Committee may establish other Performance Goals not listed in this Plan. View More

Performance Goals. Are the performance objectives applicable to each Performance Period with respect to Performance Criteria established by the Committee for the Company for the purpose of determining whether, and the extent to which, awards under the Plan will be made for that Performance Period.

Performance Goals. Means any goals the Committee establishes that relate to one or more of the following for such period as the Committee specifies (in all cases excluding the effects of (A) extraordinary, unusual, transition, one-time and/or non-recurring items of gain or loss, (B) gains or losses on the disposition of a business or arising from the sale of assets outside the ordinary course of business, or (C) changes in tax or... accounting regulations or laws): (i) Any one or more of the following as determined for the Company on a consolidated basis, for any one or more Affiliates or divisions of the Company and/or for any other business unit or units of the Company, as determined by the Committee at the time an Award is made: (1) Net sales; (2) Cost of goods sold; (3) Gross profit; (4) Selling, administrative and engineering expenses; (5) Income from operations; (6) Income before interest and the provision for income taxes; (7) Income before provision for income taxes; (8) Net income; (9) Average accounts receivable, calculated by taking the average of accounts receivable at the end of each fiscal month during the period in question; (10) Average inventories, calculated by taking the average of inventories at the end of each fiscal month during the period in question; (11) Return on average equity, with average equity calculated by taking the average of equity at the end of each fiscal month during the period in question; (12) Return on year-end equity; (13) Return on average assets, with average assets calculated by taking the average of assets at the end of each fiscal month during the period in question; (14) Return on capital; (15) Total shareholder return. (16) Economic value added, or other measure of profitability that considers the cost of capital employed. (17) Net cash provided by operating activities; (18) Net cash provided by operating activities less net cash used in investing activities; (19) Net increase (decrease) in cash and cash equivalents; 3 (20) Customer satisfaction; (21) Market share; or (22) Product quality. (ii) Basic earnings per Share for the Company on a consolidated basis. (iii) Diluted earnings per Share for the Company on a consolidated basis. In the case of Awards that the Committee determines will not be considered "performance-based compensation" under Code Section 162(m), the Committee may establish other Performance Goals not listed in this Plan. View More

Performance Goals. Shall mean performance goals determined by the Board or the Committee, as the case may be, in its discretion, which goals may be based on one or more of the following criteria: (i) pre-tax income or after-tax income, (ii) operating profit, (iii) return on equity, assets, capital or investment, (iv) earnings or book value per share, (v) sales or revenues, (vi) operating expenses, (vii) Stock price appreciation and (viii) implementation or completion of critical projects or processes.

Performance Goals. Shall have the meaning specified in Section 6A(c) of the Plan.

Performance Goals. Means, for a Performance Period, the written goals established by the Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the performance of an Affiliate, Division or Participant.

Performance Goals. Shall mean the Performance Goals established in writing by the Committee pursuant to Section 4(a)(ii) hereof.