Company: CLH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000822818-25-000011
Chunk: 60

Company: CLEAN HARBORS INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 60
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 and disposal of fixed assets |                |                                  |    9,099 |     |   |    9,650 |
| Kimball startup costs                           |                |                                  |    3,253 |     |   |        — |
| Adjusted Free Cash Flow                         |                | $                                |  357,882 |     | $ |  321,902 |

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Appendix B: Financial Performance Measures Used in Incentive Compensation Plans

Definitions for 2024 Incentive Compensation

The table below defines the financial performance metrics solely for 2024 incentive plan purposes.

| Plan                              |     | Metric                                       |     | Calculation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Annual Cash Incentives            |     | Revenue                                      |     | Represents consolidated Total Revenues (a GAAP Measure). For incentive compensation, actual results exclude the impacts of acquisitions, severance, and integration, including, for 2024, the acquisitions of Noble and Hepaco, both of which were acquired in March 2024 and not final when the incentive targets were approved.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                   |     | Adjusted EBITDA                              |     | Represents consolidated Adjusted EBITDA (a non-GAAP measure defined and reconciled in Appendix A). For incentive compensation, actual results exclude the impacts of acquisitions, severance, and integration, including, for 2024, the acquisitions of Noble and Hepaco, both of which were acquired in March 2024 and not final when the incentive targets were approved.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                   |     | Adjusted Free Cash Flow                      |     | Represents Adjusted Free Cash Flow (a non-GAAP measure defined and reconciled in Appendix A). For incentive compensation, actual results exclude the impacts of acquisitions, severance, and integration, including for 2024, the acquisitions of Noble and Hepaco, both of which were acquired in March 2024 and not final when the incentive targets were approved.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Long-term Incentive Plan (“LTIP”) |     | Adjusted EBITDA Margin                       |     | Represents consolidated Adjusted EBITDA (a non-GAAP measure defined and reconciled in Appendix A) divided by Revenue (a GAAP measure). Actual results exclude the impacts of acquisitions, severance, and integration. For the performance awards granted in 2024