Windstream 2013 Annual Report Download - page 58

52 |
• net income,
• cash f low,
• earnings per share,
• debt to capital ratio,
• economic value added,
• return on total capital,
• return on invested capital,
• return on equity,
• return on assets,
• total return to stockholders,
• earnings before or after interest, taxes, depreciation, amortization or extraordinary or special items,
• operating income before or after interest, taxes, depreciation, amortization or extraordinary or special
items,
• return on investment,
• free cash flow,
• cash flow return on investment (discounted or otherwise),
• net cash provided by operations,
• cash flow in excess of cost of capital,
• operating margin,
• profit margin,
• contribution margin,
• stock price and/or
• strategic business criteria consisting of one or more objectives based on meeting specified product
development, strategic partnering, research and development, market penetration, geographic business
expansion goals, cost targets, customer satisfaction, gross or net additional customers, average customer
life, employee satisfaction, management of employment practices and employee benefits, supervision of
litigation and information technology, and goals relating to acquisitions or divestitures of subsidiaries,
affiliates and joint ventures.
Except in the case of a covered employee where such modification would result in the loss of an otherwise
available exemption under Section 162(m) of the Code, if the Compensation Committee determines that a change in
our business, operations, corporate structure or capital structure of Windstream, or the manner in which we conduct
our business, or other events or circumstances render the Management Objectives unsuitable, the Compensation
Committee may modify such Management Objectives, in whole or in part, as the Compensation Committee deems
appropriate and equitable.
Amendment. The Equity Plan may be amended by the Board of Directors or the Compensation Committee,
but any amendment that must be approved by Windstream’s stockholders in order to comply with applicable laws or
rules will not be effective unless and until such approval has been obtained. However, the Board of Directors or the
Compensation Committee may amend the Equity Plan to eliminate provisions which are no longer necessary as a
result of changes in tax or securities laws and regulations, or in the interpretation of such laws and regulations.