IRR Hurdle definition

IRR Hurdle means, as of the date the relevant event is consummated, the amount specified below for such date: Twelve Months Ended December 17, IRR Hurdle 2000 80 % 2001 70 % 2002 60 % 2003 50 % 2004 and thereafter 40 %
Sample 1Sample 2
IRR Hurdle has the meaning set forth in Section 3(a).
Sample 1Sample 2Sample 3
IRR Hurdle means “IRR Hurdle,” as that term is defined in the Investor Rights Agreement.
Sample 1Sample 2

Examples of IRR Hurdle in a sentence

  • Such purchase price will, among other things, be sufficient so that TTI will achieve an IRR on its initial investment in the LLC Units which exceeds the IRR Hurdle.

  • After achieving the IRR Hurdle, GRI's royalty shall be reduced to * paid on the Net Sales Revenue from the sale, lease or other transfer of only natural gas Products as listed on Schedule A.

  • If the Cumulative Value of a Strip of Company Securities, valued at the earlier to occur of a Qualified IPO or Change of Control, exceeds the greater of (i) the IRR Hurdle or (ii) the Price Hurdle, each Participant’s Account shall be credited with an amount equal to the Final Bonus Payment in respect of each of such Participant’s then vested Units in such Account.

  • Notwithstanding the foregoing, if the IRR Hurdle shall have been satisfied in connection with a Change of Control on or before May 7, 2012, the MOIC Hurdle shall be waived.

  • Such purchase price in the Required Sale Purchase Agreement will, among other things, be sufficient so that TTI will achieve an IRR on its initial investment in the LLC Units which equals or exceeds the IRR Hurdle.

  • Notwithstanding Sections 3.1(b)(iii) and 3.1(b)(iv) above, if, after receipt of all Distributions pursuant to previous clauses of Sections 3.1(b) above, the IRR Hurdle Condition has then not yet been satisfied, then all further Distributions shall be made in accordance with the percentages set out in Section 3.1(b)(ii) until such time as the IRR Hurdle Condition has been satisfied, at which point the Distributions shall then be made in accordance with Section 3.1(b)(iii) or 3.1(b)(iv), as applicable.

  • If the Cumulative Value of a Strip of Company Securities, valued at the earlier to occur of a Qualified IPO or Change of Control, exceeds the greater of (i) the IRR Hurdle or (ii) the Price Hurdle, each Participant shall be entitled to receive a cash payment equal to the Final Bonus Payment in respect of each of his then vested Units.

  • For avoidance of doubt, once the IRR Hurdle Condition is first satisfied, it shall be deemed satisfied for all purposes at all times thereafter.

  • If Executive’s employment is terminated by (i) a Company Group member without Cause or (ii) Executive for Good Reason, any Performance-Vesting Profits Interests that are Unvested Incentive Units will remain outstanding and eligible to vest to the extent both the applicable MOIC Hurdle and IRR Hurdle for such Performance-Vesting Profits Interests are satisfied within 180 days following the Termination Date (the “Tail Period”).

  • Any portion of the Option for which the corresponding Vesting Hurdles or the 10% IRR Hurdle has not been achieved on or prior to a Change in Control will be immediately forfeited as of the date of such Change in Control.


More Definitions of IRR Hurdle

IRR Hurdle means, as of the date the relevant event is consummated, the amount specified below for such date: Twelve Months Ended IRR Hurdle ---------- December 17, ----------- 2000 80% 2001 70% 2002 60% 2003 50% 2004 and thereafter 40% Options: Rights, options or warrants to subscribe for, purchase or otherwise acquire either shares of Class A Common Stock or Convertible Securities, excluding rights, warrants and options granted on or after the Original Issue Date, to employees, officers, directors or consultants of the Company or any subsidiary thereof pursuant to any stock option plan or agreement adopted by the Board of Directors.
Sample 1
IRR Hurdle shall have the meaning set forth in Section 2.06(c).
Sample 1
IRR Hurdle means an annual compounded internal rate of return on the FPSH Invested Capital (after return of an amount equal to the FPSH Invested Capital) of 26%. The IRR Hurdle shall not be deemed to be satisfied unless FPSH receives actual cash proceeds from the sale or other disposition of the IRR Shares (or has the ability to immediately sell the IRR Shares for actual cash proceeds), as well as cash dividends or other cash distributions in respect of the IRR Shares, such that FPSH has received a return of the full amount of the FPSH Invested Capital, plus a 26% annually compounded internal rate of return on the FPSH Invested Capital, calculated from the date hereof through the date of each sale, disposition or distribution of, or ability to immediately sell, the IRR Shares for actual cash proceeds. Attached hereto as Exhibit B is a sample calculation of the IRR Hurdle.
Sample 1
IRR Hurdle means the value required for a Strip of Company Securities to yield a 25% average annual percentage return, compounded annually from the Effective Time to the date of a Qualified IPO or Change of Control, as applicable.
Sample 1
IRR Hurdle means the cash amount that, when (a) discounted at a twenty percent (20%) annual rate from the present to the Effective Date and (b) taken together with the distributions (including distributions in respect of the Preferred Return as contemplated by Section 10.1(a)) that the ArcLight Member has actually received from the Company (or its successor or Affiliate formed in connection with an IPO Conversion), with each such distribution discounted at a twenty percent (20%) annual rate from the date received to the Effective Date, equals the sum of the aggregate Capital Contributions made by the ArcLight Member and any of its Affiliates, with each such Capital Contribution discounted at a twenty percent (20%) annual rate from the date such Capital Contribution was made to the Effective Date.
Sample 1

Related to IRR Hurdle

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • IRR means internal rate of return.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Vesting Event means the earliest to occur of the following events:

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Performance Condition means a condition related to performance which is specified by the Committee under Rule 4.1 (Terms of grant);

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations; (xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Forfeiture Event means the occurrence of at least one of the following (a) the Company is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or an authorized subcommittee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Board concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.