Financial Targets. “Financial Targets” shall mean the EBITDA Targets set forth on Appendix B of this Agreement, subject to Section 3.3.
Financial Targets. Be a catalyst for senior management in launching initiatives and assisting with achieving corporate financial targets such as EBITDA, Cash Flow or Earnings per share.
Financial Targets. (a) In accordance with Section 5.9 of the Alliance Agreement, not later than the 90th day after the Effective Date, Xxxx Atlantic and Vodafone will agree upon financial performance targets for the first two (2) Fiscal Years of the Company following the Effective Date which shall then be attached to this Partnership Agreement as Schedule D (the “Initial Financial Performance Targets”).
(b) At least twenty (20) days prior the end of the first and each subsequent Fiscal Year, the Officers shall present to the Board of Representatives and the Board of Representatives shall review, consider and adopt financial performance targets for the following two (2) Fiscal Years of the Company (the “Updated Financial Performance Targets”).
(c) The Board of Representatives shall meet with appropriate Officers at least once every three (3) months to discuss the Company’s actual financial performance compared with the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, as the same may have been adjusted by the Board of Representatives, and whether any adjustment should be made to the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, including, without limitation, any adjustment to reflect the performance of any other national provider of wireless voice and data services.
(d) The Company shall cooperate, at Vodafone’s expense, in making such adjustments as are necessary to translate the Company’s Initial Financial Performance Targets and the Updated Financial Performance Targets from a GAAP to a U.K. GAAP basis and Vodafone accounting basis.
(e) The provisions of this Section 3.6 shall terminate on the date that Vodafone ceases to hold, directly or through one or more Wholly-Owned Subsidiaries, a Partnership Interest of at least 20%.
Financial Targets. 3.16.1 As provided in the Master Off-Take Agreement and in the First Individual Agreement, for the first [*] of commercial production (commencing on the start-up of the operation of the JV Plant), Amyris Brasil shall guarantee the Company that the [*] paid to the Company in consideration for the off-take of Amyris Renewable Products shall be at least the amount determined according to the formula attached in “Schedule IX” hereto (“Target Economic Viability”), without prejudice of the right of the Company to receive a greater price pursuant to the terms and conditions set forth in the Master Off-Take Agreement.
3.16.2 After the Company is able to operate on or over Target Economic Viability for a period of [*], the sales price of the JV Products [*], subject to the terms and conditions set forth in “Schedule III” hereto.
Financial Targets. The Parties hereby acknowledge that gross and net premiums written of the Company shall remain consistent with planning submissions, such planning submissions having been submitted to and approved by FPIC, beginning in fiscal year 2002. Any material deviations from such approved planning submissions must be pre-approved by FPIC. FPIC reserves the right to modify gross and net premiums written targets and affected financial targets. Parties hereby further acknowledge the fiscal year 2002 financial targets set forth as Exhibit A attached hereto, and agree to submit for review and approval 2003 financial targets.” 5.
Financial Targets. The executive will undertake to assist senior management in meeting their individual goals and objectives as have previously been established by the company. To accomplish this both the reporting systems under Stewardship (above) as well as the diligent review and enforcement of reporting/accountability of the senior managements financial commitments must be adhered to. In the event the executive aids senior management in achieving the following key metrics by June 30th 2020: - Assist with proper reporting and systems for the Monaker Booking Engine (B2B model) and website launches (B2C model) including Extraordinary Vacations, Nxxxxxxx.xxx Nxxxxxxx.Xxx and Maupintour website (targeted by March 31st 2020) - Company achieves $[****] in gross monthly revenues by June 30th 2020 OR - The Company achieves an EBIDTA profit in any month Bonus is determined at the sole discretion of the CEO and upon awarding the executive will have a choice of a 7500 share bonus or a $10,000 cash bonus.
Financial Targets. “Financial Targets” shall mean the EBITDA Targets set forth on Appendix B.
Financial Targets. The executive will undertake to assist senior management in meeting their individual goals and objectives as have previously been established by the company. To accomplish this both the reporting systems under Stewardship (above) as well as the diligent review and enforcement of reporting/accountability of the senior managements financial commitments must be adhered to. In the event the executive aids senior management in achieving the following key metrics by June 30th 2016: - Key product content (defined as 500,000 units of inventory targeted by March 31st.2016) - Launch of an integrated Xxxxxxxx.xxx website (targeted by March 31st 2016) - Company achieves $200,000 in gross monthly revenues by June 30th 2016 OR - The Company achieves an EBIDTA profit in any month Then the executive will have a choice of a 10,000 share bonus or a $20,000 cash bonus.
Financial Targets. In connection with the strategy renewal in 2016, YIT’s Board of Directors decided on the financial targets and specified the cash flow target. Going forward, the cash flow target is operating cash flow after investments sufficient for paying dividends. Previously, YIT has communicated that the target is to have sufficient operating cash flow after investment for both paying dividends and reducing debt. The aim is not to increase the net debt level, and the surplus of cash flow will be used to accelerate the growth. At the same time, the improvement of the key figures is expected to be realised primarily through improvement of YIT’s profitability and operative result. Other long-term targets remained unchanged. YIT’s financial targets valid before the Merger are set on the basis of the figures reported according to the segment reporting (POC). Long-term target Target level Actual in 2016 Revenue growth 5–10 per cent on average 8 per cent, 9 per cent at comparable exchange rates Return on investment (rolling 12 months) 15 per cent 4.7 per cent
Financial Targets. (a) Set forth on Schedule D to this Partnership Agreement are financial performance targets for the first two (2) Fiscal Years of the Company following the Effective Date (the “Initial Financial Performance Targets”).
(b) At least twenty (20) days prior the end of the first and each subsequent Fiscal Year, the Officers shall present to the Board of Representatives and the Board of Representatives shall review, consider and adopt financial performance targets for the following two (2) Fiscal Years of the Company (the “Updated Financial Performance Targets”).
(c) The Board of Representatives shall meet with appropriate Officers at least once every three (3) months to discuss the Company’s actual financial performance compared with the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, as the same may have been adjusted by the Board of Representatives, and whether any adjustment should be made to the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, including, without limitation, any adjustment to reflect the performance of any other national provider of wireless voice and data services.
(d) The Company shall cooperate, at Victor’s expense, in making such adjustments as are necessary to translate the Company’s Initial Financial Performance Targets and the Updated Financial Performance Targets from a GAAP to a U.K. GAAP basis and Victor accounting basis.
(e) The provisions of this Section 3.6 shall terminate on the date that Victor ceases to hold, directly or through one or more Wholly-Owned Subsidiaries, a Partnership Interest of at least 20%.
