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SCHEDULE 1 TO NON QUALIFIED STOCK OPTION AGREEMENT

Option Agreement

SCHEDULE 1 TO NON QUALIFIED STOCK OPTION AGREEMENT | Document Parties: ARAMARK CORP You are currently viewing:
This Option Agreement involves

ARAMARK CORP

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Title: SCHEDULE 1 TO NON QUALIFIED STOCK OPTION AGREEMENT
Date: 8/8/2007

SCHEDULE 1 TO NON QUALIFIED STOCK OPTION AGREEMENT, Parties: aramark corp
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Exhibit 10.1

Schedule 1

EBIT Targets

(in millions )

 

Year

   Annual EBIT
Target
  

Cumulative

EBIT Target

2007

   $ 705.0      N/A

2008

   $ 764.4    $ 1,469.4

2009

   $ 821.7    $ 2,291.1

2010

   $ 887.4    $ 3,178.5

EBIT shall mean for any Fiscal Year, net income increased by (i) net interest expense and (ii) the provision for income taxes; all determined in accordance with U.S. generally accepted accounting principles (GAAP) consistently applied on a consolidated basis. For this purpose EBIT shall:

 

a) Exclude any extraordinary gains or losses, cumulative effect of a change in accounting principle, income or loss from disposed or discontinued operations and any gains or losses on disposed or discontinued operations, all as determined in accordance with GAAP.

 

b) Exclude any gain or loss greater than $2 million attributable to asset dispositions, contract terminations and similar items, provided that losses on contract terminations and asset dispositions in connection with client contract terminations shall be limited in any given Fiscal Year to $5 million.

 

c) Exclude any increase in amortization or depreciation resulting from the application of purchase accounting to the Transaction, including the current amortization of existing acquired intangibles.

 

d) Exclude any gain or loss from the early extinguishment of indebtedness including any hedging obligations or other derivative inst

 
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