Exhibit A to the Apergy 2018 Corporation Equity and Cash Incentive Plan Performance
Criteria
Any Performance Targets established for purposes of conditioning the grant of an Award based on performance or the vesting
of performance-based Awards shall be based on one or more of the following Performance Criteria either individually, alternatively, or in any combination applied either to the Corporation, as a whole or to a subsidiary, a division, Affiliate,
business segment, or any business unit thereof, individually, alternatively, or in any combination, and measured either annually or cumulatively over a period of years, or on an absolute basis or relative to previous years results or to a
designated comparison group, in either case as specified by the Committee in the Award: (i) the attainment of certain target levels of, or a specified percentage increase in, revenues, income before income taxes and extraordinary items, income
or net income, earnings before income tax, earnings before interest, taxes, depreciation and amortization, or a combination of any or all of the foregoing; (ii) the attainment of certain target levels of, or a percentage increase in, after-tax or pre-tax profits including, without limitation, those attributable to continuing and/or other operations; (iii) the attainment of certain target levels of, or
a specified increase in, operational cash flow; (iv) the achievement of a certain level of, reduction of, or other specified objectives with regard to limiting the level of increase in, all or a portion of the Corporations or an
Affiliates bank debt or other long-term or short-term public or private debt or other similar financial obligations of the Corporation or Affiliate, which may be calculated net of such cash balances and/or other offsets and adjustments as may
be established by the Committee; (v) the attainment of a specified percentage increase in earnings per share or earnings per share from continuing operations; (vi) the attainment of certain target levels of, or a specified increase in,
return on capital employed or return on invested capital or operating revenue or return on invested cash; (vii) the attainment of certain target levels of, or a percentage increase in, after-tax or pre-tax return on stockholders equity; (viii) the attainment of certain target levels of, or a specified increase in, economic value added targets based on a cash flow return on investment formula;
(ix) the attainment of certain target levels in the fair market value of the shares of the Corporations Common Stock; (x) market segment share; (xi) product release schedules; (xii) new product innovation;
(xiii) product or other cost reductions; (xiv) brand recognition or acceptance; (xv) product ship targets; (xvi) customer satisfaction; (xvii) total shareholder return; (xviii) return on assets or net assets;
(xix) assets, operating margin or profit margin; (xx) the growth in the value of an investment in the Corporations Common Stock assuming the reinvestment of dividends; and (xxi) such other business or other performance criteria
determined appropriate by the Committee.
The Committee may provide that, in measuring achievement of Performance Targets, adjustments may
be made for the following:
(i) to exclude restructuring and/or other nonrecurring charges;
(ii) to exclude exchange rate effects, as applicable, for
non-U.S. dollar denominated net sales and operating earnings;
(iii) to exclude the effects of changes to generally accepted accounting principles required by the
Financial Accounting Standards Board;
(iv) to exclude the effects of any statutory adjustments to
corporate tax rates;
(v) to exclude the effects of any unusual or infrequently
occurring events, as determined under generally accepted accounting principles or any acquisition or divestiture;
(vi) to exclude any other unusual, non-recurring gain or loss
or other extraordinary item;
(vii) to respond to, or in anticipation of, any unusual or
extraordinary corporate item, transaction, event or development;
(viii) to respond to, or in
anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions;
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