SEC Filings

10-Q
AECOM filed this Form 10-Q on 02/06/2019
Entire Document
 

 

(ii)          Invested Capital is the sum of the Attributable Shareholders Equity plus Total Debt less Cash and Cash Equivalents.  Quarterly Invested Capital is the beginning and ending Invested Capital balance of each respective quarter.  Average Quarterly Invested Capital excludes changes to Accumulated Other Comprehensive Loss (i.e., it is held flat at Q4 FY2018 ending actuals).

 

2.                                      PERFORMANCE EARNOUT SCHEDULE

 

The following schedule shall apply for purposes of determining what percentage of the target PEP units are earned after the three-year performance cycles in order to determine the final earned percentage.  The earnout will be interpolated for performance between the levels listed in the schedule.  Maximum payout in all circumstances is 200%.

 

October 1, 2018 - September 30, 2021

 

Performance

 

Percentage Earned(1)

 

Criteria

 

0%

 

100%

 

200%

 

Free Cash Flow Per Share

 

 

 

 

 

 

 

Return on Invested Capital

 

 

 

 

 

 

 

 

3.                                      EXAMPLE

 

Below is a PEP19 payout example where the participant has a target of 1,000 PEP units.

 

October 1, 2018 - September 30, 2021

 

Performance Criteria

 

Actual
Performance

 

Percentage
Payout

 

Weighting

 

Percentage
Achievement

 

Free Cash Flow Per Share

 

 

 

 

 

50.0

%

 

 

Return on Invested Capital

 

 

 

 

 

50.0

%

 

 

 

 

Total FY2019-FY2021 Earned

 

 

 

 

 

Target PEP Units

 

 

 

 

 

Final Earned PEP Units