Example ContractsClausesBase Year EPS
Remove:

Base Year EPS. The term “Base Year EPS” means the Company’s actual adjusted diluted earnings per share and is calculated as the Adjusted Net Income (modified for any applicable adjustments set forth in the Appendix) divided by the Adjusted Diluted WAS, each as determined for the most recent Company fiscal year ended prior to the beginning of the Measurement Period.

Base Year. The Base Year with respect to the Expansion Space shall be calendar year 2015 for purposes of the payment by Tenant of Tenant’s Pro Rata Share of Operating Expenses.

CAGR = (Ending Year EPS /Base Year EPS)^(1/3)-1

Adjustments to EPS. The calculations of Ending Year EPS and Base Year EPS will reflect the following adjustments.

Strategic Events. Any unplanned impact of restructurings, acquisitions and divestitures will be adjusted in Base Year EPS and/or Ending Year EPS to the extent necessary to neutralize the impact of the event in both calculations.

CEO Compensation Base = $550k Annual Cash Bonus Equity Threshold Target Maximum Threshold 80% of Perf Target 21.67% of Salary $119,167​ Target 100% of Perf Target 43.33% of Salary $238,333​ Maximum 120% of Perf Target 65% of Salary $357,500​ If Max everything: Base: $550,000 Bonus: $357,500 Options: $110,000 PSUs: $247,500 Total: $1,265,000 If Target everything: Base: $550,000 Bonus: $238,333 Options: $110,000 PSUs: $165,000 Total: $1,063,333 Threshold 25% of Base $137,500 Target 50% of Base $275,000 Maximum 75% of Base $412,500 Options @ 40% of Target=$110,000/year; 6,411 shares at $17.16* grant price. PSU’s = @ 60% of Target =$165,000/year Threshold $82,500 (4,808 shares at $17.16*) Target $165,000 (9,616 shares at $17.16*) Maximum $247,500 (14,424 shares at $17.16*) 3 year 60% EPS 40%TSR $49,500 $33,000 2,885 shs 1924 shs 3 year 60% EPS 40%TSR $99,000 $66,000 5,770 shs 3,847 shs 3 year 60% EPS 40%TSR 148,500 $99,000 8,654 shs 5,770 shs For EPS get 1/3 Year 1 if hit Threshold $16,500 or 962 shs @ $17.16* For EPS get 1/3 Year 1 if hit Target $33,000 or 1,924 shs @ $17.16* For EPS get 1/3 Year 1 if hit Maximum $49,500 or 2,885 shs @ $17.16* *For illustrative purposes, used last year’s grant price of $17.16. ​Will be split 70% based on OI metric and 30% strategic/qualitative metric.

Refranchised Restaurants. Any gain or loss from refranchising will be excluded from the Ending Year EPS calculation. Any related impacts to interest expense, weighted average number of shares, and royalties or profit associated with the refranchised restaurants will be reflected in Base Year EPS and/or Ending Year EPS to the extent necessary to neutralize the impact of the event in both calculations.

Relocation of Brinker International, Inc. Restaurant Support Center. Any impacts associated with relocating the Brinker International, Inc. Restaurant Support Center will be reflected in Base Year EPS and/or Ending Year EPS to the extent necessary to neutralize the impact of the event in both calculations.

Brand or Business Dispositions. Any profit or loss associated with the disposition or sale of a brand or business will be excluded from the Ending Year EPS calculation. Any related impacts to interest expense, weighted average number of shares, and profit associated with the disposed brand or business will be reflected in Base Year EPS and/or Ending Year EPS to the extent necessary to neutralize the impact of the event in both calculations. Associated disposition costs, including but not limited to transaction, transition, disintegration or restructuring will be excluded from the Ending Year EPS calculation.

Maximum EPS Percentage” means an amount determined by the Compensation Committee within 90 days following the commencement of each Applicable Three Year Period that begins with or after the 2024 Plan Year.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.