Infrastructure Development Target Sample Clauses

Infrastructure Development Target. [ ] PRSUs of the total Target Award for the successful development of 1,500 megawatts (MW) in mining infrastructure under the Corporation’s ownership, monetized by either self-mining or hosting clients (“Infrastructure Development Target”). [ ] PRSUs of the total Infrastructure Development Target are eligible to vest upon successful development of each Project Unit (as defined below) (each a “Project Unit Award”). Adjusted EBITDA Target [ ] PRSUs of the total Target Award for achieving $500,000,000.00 in Adjusted EBITDA (as defined herein) (the “Adjusted EBITDA Target”). [ ] PRSUs out of the total Adjusted EBITDA Target are eligible to vest upon successfully achieving each $50,000,000 in Adjusted EBITDA Milestone (as defined below) (each a “Financial Target Award”).
Infrastructure Development Target. Achievement of the Infrastructure Development Target shall be assessed in units of 100 MW projects (each a “Project Unit”). Each eligible employee will have a total of 15 project units (1,500 MW total) as a target goal. The successfully completion of each 100 MW Project Unit requires three milestone goals: