Common use of Adjusted EBITDA Clause in Contracts

Adjusted EBITDA. The Company’s Adjusted EBITDA for the Performance Period will determine the extent to which 50% of the target number of Performance Units are earned. Below Threshold Performance 0 % Threshold Performance 40 % Target Performance 100 % Maximum Performance or Above 200 % The percentage of target Performance Units earned for Adjusted EBITDA between Threshold Performance (40%) and Maximum Performance (200%) will be determined by linear interpolation.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Fairpoint Communications Inc), Performance Unit Award Agreement (Fairpoint Communications Inc)

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Adjusted EBITDA. The Company’s Adjusted EBITDA for the Performance Period will determine the extent to which 5030% of the target number of Performance Units are earned. Below Threshold Performance 0 % Threshold Performance 40 % Target Performance 100 % Maximum Performance or Above 200 % The percentage of target Performance Units earned for Adjusted EBITDA between Threshold Performance (40%) and Maximum Performance (200%) will be determined by linear interpolation.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Fairpoint Communications Inc), Performance Unit Award Agreement (Fairpoint Communications Inc)

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