He examined the stock market
performance of companies based on their profitability, as measured by the ratio of gross profits to assets.
Environmental, social and governance investing, or ESG, looks at
the performance of a company based on the six principles laid out by the United Nations» Principles for Responsible Investment, allowing investors to align values with investments.
As we have outlined below, we believe that Aviat is deeply undervalued and significant opportunities exist to improve the operating
performance of the Company based on actions within the control of management and the Board of Directors (the «Board»).
Not exact matches
The study included over 200 employees at a variety
of companies, and had participants self - report their
performance on a daily
basis.
• Xactly, a portfolio
company of Vista Equity Partners, acquired Obero, a Canada -
based sales
performance management
company.
It's worth noting that
companies often
base their final decision on a possible public offering on the overall
performance of public markets, which have been volatile in recent weeks due to fears over trade wars.
• OptionsCity Software, a Chicago -
based fintech
company backed by Edison Partners, has been acquired by Vela Trading Technologies, a New York -
based provider
of high
performance trading and market data technology.
When it came time to reward top executives last year, more leading
companies handed out
performance -
based awards instead
of time - vesting stock options, according to a new study from human resources consulting firm Mercer.
The
company's board put a special provision in Papa's employment agreement that turbocharges his pay the way a videogame might when a player levels up into bonus points mode: If Valeant's stock price reaches a new high
of at least $ 270 a share in the next three years, Papa gets double the allotment
of performance -
based stock.
First, in early June, Lululemon (lulu) founder Chip Wilson — who is no longer involved in active management
of the
company but holds a sizable stake in the Canadian -
based company — lamented Lululemon's financial
performance.
The Fix It turned out that buyCalls had the solution right at its fingertips: The
company was already using Santa Barbara, Calif. -
based RingRevenue to track the
performance of online ads.
Management believes analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate overall operating
performance and facilitate comparisons with other wireless communications
companies because it is indicative
of T - Mobile's ongoing operating
performance and trends by excluding the impact
of interest expense from financing, non-cash depreciation and amortization from capital investments, non-cash stock -
based compensation, network decommissioning costs as they are not indicative
of T - Mobile's ongoing operating
performance and certain other nonrecurring income and expenses.
Valeant also said an internal committee review concluded that the
company's heavily
performance -
based focus may have affected compensation decisions for some top managers and contributed to the
company's improper recognition
of revenues.
Buffett's bet on Sirius seems to be
based on the
company's dependable
performance as
of late.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support,
performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined
company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely
basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial
performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined
company, to retain and hire key personnel.
Back in February, the
company announced that it has «returned to profitable growth» after a «record
performance» in the gaming division and «a blockbuster release»
of a movie
based on Angry Birds, which received iffy reviews from critics and audiences, according to the site Rotten Tomatoes.
FFO as Adjusted: A supplemental non-GAAP measure that the
company believes is more reflective
of its core operating
performance and provides investors and analysts an additional measure to compare the
company's
performance across reporting periods on a consistent
basis by excluding items that we do not believe are indicative
of our core operating
performance.
«We are a
performance -
based company driven through the lens
of humanity,» Schultz told the cheering crowd
of shareholders and employees who had waited in line for hours to hear the Starbucks leader speak.
If the
company had reached its sales goals this year, they would have received bonuses equivalent to 10 percent to 30 percent
of their
base salaries, depending on the
performance of their individual departments.
Al Habtoor, who founded the Dubai -
based group in 1970, was satisfied with the
performance of his
companies, on track to exceed the targeted 15 percent growth in net profit for 2012.
In 2014, over 97 %
of the
company's employees received long - term incentive benefits, which are awarded
based on their
performance.
Last November, in an intranet -
based program called «Stop, Start, Continue,» the
company's 125 employees were asked to use an intranet board to assess one another's job
performance and comment on the work habits
of coworkers.
Reward them
based on real
performance, in terms
of something like earnings or sales or market share — different systems will make sense for different
companies with different strategic objectives.
Currently, 90 %
of CEO pay is linked to
company performance of three years or less and
based largely on stock price, much
of which owes more to market forces than management acumen.
The routers then collect information from nearby smart devices, giving business owners «location -
based performance indicators including capture rate, median visit length, repeat visit rate, total number
of visitors, and total visits for a given site,» the
company says.
«Employees» behavior inside a space really affects
performance metrics,» says Brad Pease, a Seattle -
based architect and director
of signature buildings for Paladino and
Company, a sustainable design consultancy.
First Round
based its
performance evaluations on the difference in a
company's valuation between the VC firm's initial investment and current fair market value for the
company or value at the time
of an exit.
Clean Harbors believes that Adjusted EBITDA provides additional useful information to investors since the
Company's loan covenants are
based upon levels
of Adjusted EBITDA achieved and management routinely evaluates the
performance of its businesses
based upon levels
of Adjusted EBITDA.
Massive conglomerates such as General Electric are essentially holding
companies for a diverse range
of businesses
based solely on their financial
performance.
The profits -
based part
of those bonuses wax and wane not on the
performance of the executive's division but
of the overall
company's.
Unless the Committee or Board determines otherwise prior to the transaction, if substantially all
of the assets
of the
Company are acquired by another corporation or in case
of a reorganization
of the
Company involving the acquisition
of the
Company by another entity, (i) stock options and stock appreciation rights become exercisable immediately prior to the transaction; (ii) restrictions with respect to restricted stock and RSRs lapse and shares are delivered; and (iii)
performance shares and
performance units pay out pro rata
based on
performance through the end
of the last calendar quarter.
For the individual serving as the chief executive officer
of the
Company at the end
of the taxable year and for the individuals serving as officers
of the
Company or a subsidiary at the end
of such year who are among the three highest compensated officers (other than the chief executive officer and chief financial officer) for proxy reporting purposes, Section 162 (m)
of the Code limits the amount
of compensation otherwise deductible by the
Company and its subsidiaries for such year to $ 1,000,000 for each such individual except to the extent that such compensation is «
performance -
based compensation.»
In another approach to standardizing what responsible mining looks like on a global
basis, the Initiative for Responsible Mining Assurance has brought together a group
of major mining, electronics, jewellery and steel
companies, NGOs, affected communities and labour unions to establish a multi-stakeholder and independently verifiable responsible mining assurance system, focused on improving both social and environmental
performance.
The Compensation Committee believes that options to purchase shares
of our common stock, with an exercise price equal to the market price
of our common stock on the date
of grant, are inherently
performance -
based and are a very effective tool to motivate our executives to build stockholder value and reinforce our position as a growth
company.
Based on the
company's
performance or other factors, the value
of its stock may rise or fall, meaning that its shareholders either gain or lose money.
«The tone at the top
of the organization and the
performance -
based environment at the
company, where challenging targets were set and achieving those targets was a key
performance indication, may have been contributing factors resulting in the
company's improper revenue recognition.»
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for
Performance,» we have provided incentive compensation in the form of an annual cash incentive award based on Company, business line and individual qualitative performance results for each fiscal year, and long - term incentive compensation generally in the form of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockho
Performance,» we have provided incentive compensation in the form
of an annual cash incentive award
based on
Company, business line and individual qualitative
performance results for each fiscal year, and long - term incentive compensation generally in the form of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockho
performance results for each fiscal year, and long - term incentive compensation generally in the form
of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockholder value.
based in part on their business line
performance, and thus presented the potential for excessive risk taking, the HRC concluded that the emphasis on overall
Company performance in compensation decisions, the existence
of robust compliance, internal control, disclosure review and reporting programs and clawback policies, the Code
of Ethics prohibition on, and right to discipline employees for manipulating business goals for compensation purposes and its prohibitions on derivative and hedging transactions in
Company common stock, and the
Company's stock ownership guidelines provided adequate safeguards that would either prevent or discourage excessive risk taking.
Accountability must be determined on the
basis of performance evaluations
based on true industry value metrics (e.g., success rates in the number
of newly founded technology
companies bringing products / services to market; return on investment in 3 to 5 years; expansion into mature entities; growth in the numbers
of technology graduates and Highly Qualified Personnel (HQP) employed in Canadian SMEs).
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated and segment
basis; projected total revenue growth and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax rate; future financial or operating
performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace and extent
of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding
Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or
performance.
Based on an evaluation
of the satisfaction
of Company and business line
performance objectives for Mr. Carroll and the recommendation
of our CEO, the HRC determined the amount
of Mr. Carroll's RSRs.
Midland National is accredited by the Better Business Bureau, and has earned an A + (Superior) rating from A.M. Best, a large third - party independent reporting and rating
company that rates an insurance
company on the
basis of the
company's financial strength, operating
performance and ability to meet its ongoing obligations to policyholders.
Among HP's peer group
companies, HP executives have a higher percentage
of performance -
based pay, which generally means smaller bonuses and lower overall compensation in years
of low
performance and higher bonuses and long - term incentive payouts in years
of exceptional
performance, reflective
of the
performance achieved.
In his new role, Delorey is directly responsible for the on - site management
of Marriott Vacation Club and Grand Residences by Marriott properties around the globe, provides oversight and coordination
of the on - site management
company for The Ritz - Carlton Destination Club, and is responsible for the development and financial
performance of resort -
based ancillary businesses.
Except for those executives who have an employment agreement that expressly provides for payment
of an Award under the Bonus Plan in limited circumstances, in the event a participant's employment is terminated for any reason prior to the date
of payment
of an Award under the Bonus Plan, such participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a participant's employment terminates during the
performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion, authorize the
Company to pay, on a prorated
basis, an Award determined in accordance with the terms and conditions
of Bonus Plan.
Under Section 162 (m), the amount
of compensation earned by the Chief Executive Officer, and any executive whose compensation is required to be reported to stockholders by reason
of such executive being among the three other most highly - paid executive officers
of the
Company (excluding the Chief Financial Officer) in the year for which a deduction is claimed by the
Company (including its subsidiaries) is limited to $ 1 million per person, except that compensation that is
performance -
based will be excluded for purposes
of calculating the amount
of compensation subject to the $ 1 million limitation.
Pursuant to the policy, as revised in February 2009, at each annual meeting
of our stockholders, provided that the director has served on the Board for at least six months prior to the annual meeting, a non-employee director would be granted RSUs having a value equal to $ 225,000 divided by the lesser
of (i) the trailing average closing trading prices
of our common stock for the 180 - day period preceding and ending with the date
of the RSU grant or (ii) such number
of RSUs as the Board may determine
based on additional criteria such as business conditions and / or
company performance, outside director compensation practices at peer
companies and advice from outside compensation consultants.
The CNGC, via the CD&A s included in the
Company's annual proxy statements, also already reports to shareholders on an annual
basis regarding the relationship between our incentive compensation programs and the
Company's ROI
performance and how the
Company's ROI
performance may have a meaningful impact on the amount
of compensation our NEOs receive.
The
Company has structured the Bonus Plan so that any compensation paid pursuant to the Bonus Plan is intended to be «
performance -
based compensation» within the meaning
of Section 162 (m)
of the Code.
Total Compensation: In aggregate, the key elements
of compensation below provide for an emphasis on
performance and at - risk pay, with a significant upside
based on exceptional
Company and individual
performance.