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Operating Income Measurement Sample Clauses

Operating Income Measurement. Following the completion of the Performance Period, the Committee will determine the Operating Income for the Performance Period and shall approve the issuance to the Participant a number of Executive Performance RSUs, determined as follows: (i) If the Company’s Operating Income for the Performance Period is less than $1,000,000, no Executive Performance RSUs will be awarded. (ii) If the Company’s Operating Income for the Performance Period is at least $1,000,000 and less than $2,000,000, then a number of Executive Performance RSUs equal to two-thirdsof the Target RSU Amount will be awarded. (iii) If the Company’s Operating Income for the Performance Period is at least $2,000,000 and less than $3,000,000, then a number of Executive Performance RSUs equal to 100% of the Target RSU Amount will be awarded. (iv) If the Company’s Operating Income for the Performance Period equals or exceeds $3,000,000, then a number of Executive Performance RSUs equal to 133.33% of the Target RSU Amount will be awarded. (v) The number of Executive Performance RSUs awarded pursuant to this Section 2(a) will be determined based on straight line interpolation if the Operating Income for the Performance Period is between the amounts listed above (e.g., if Operating Income is $1,500,000, then a number of Executive Performance RSUs equal to 83.335% of the Target RSU Amount will be awarded).
Sample 1
Operating Income Measurement. During the Performance Period, the Company’s Operating Income will be measured against the Operating Income targets set forth on Exhibit B attached. The Committee will evaluate the Company’s Operating Income performance and shall approve the issuance to the Participant a number of Operating Income RSUs determined as follows: (i) if the Company’s Operating Income performance fails to meet the threshold level of Operating Income as set forth on Exhibit B, no RSUs will be awarded; (ii) if the Company’s Operating Income performance meets the threshold level of Operating Income as set forth on Exhibit B, then a number of RSUs equal to 50% of the Target Operating Income RSU Amount for the applicable Performance Period will be awarded; and (iii) if the Company’s Operating Income performance meets the target level of Operating Income as set forth on Exhibit B, then a number of RSUs equal to 100% of the Target Operating Income RSU Amount for the applicable Performance Period will be awarded. To the extent that the Company’s Operating Income for an applicable Performance Period is more than the threshold amount but less than the target amount of Operating Income set forth on Exhibit B, then the number of Operating Income RSUs earned by the Participant for such Performance Period shall equal the sum of (i) the threshold award set forth in Section 6(a)(ii) above, plus (ii) that number of Operating Income RSUs equal to the product of (A) the positive difference between the target award set forth in Section 6(a)(iii) and the threshold award set forth in Section 6(a)(ii), multiplied by (B) a fraction, the numerator of which is the amount by which the Operating Income for the applicable Performance Period exceeded the threshold amount, and the denominator of which is the sum obtained by subtracting the threshold amount from the target amount for such Performance Period. The result so obtained shall be rounded up or down to the nearest multiple of 100.
Sample 1

Related to Operating Income Measurement

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Usage Measurement Usage measurement for calls shall begin when answer supervision or equivalent Signaling System 7 (SS7) message is received from the terminating office and shall end at the time of call disconnect by the calling or called subscriber, whichever occurs first.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Measurement Should the State terminate this contract as herein provided, no fees other than fees due and payable at the time of termination shall thereafter be paid to the Engineer. In determining the value of the work performed by the Engineer prior to termination, the State shall be the sole judge. Compensation for work at termination will be based on a percentage of the work completed at that time. Should the State terminate this contract under paragraph (4) or (5) above, the Engineer shall not incur costs during the thirty-day notice period in excess of the amount incurred during the preceding thirty days.

  • Temperature Measurement Temperature will be measured by the nearest automatic Melbourne Bureau of Meteorology Monitoring Station for example (but not limited to): Melbourne, Moorabbin, Dunns Hill, Melbourne Airport, Frankston, and Point Xxxxxx. At the commencement of each project, the onsite management and employee representatives shall agree which is to be the applicable automatic weather monitoring station.

  • Revenue Metering The Connecting Transmission Owner owned revenue metering shall be located at the Xxxxx Solar Collector Substation on the generator side of the 69kV breaker and shall consist of: • three (3) combination current/voltage transformer (“CT/VT”) units (manufacturer and model shall be ABB/Xxxxxxx KXM-350 high accuracy, or other Connecting Transmission Owner specified equivalent); and • one (1) revenue meter. (Note: Connecting Transmission Owner’s revenue metering CTs and VTs cannot be used to feed the Interconnection Customer’s check meter.)

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

Most Referenced Clauses

Most Referenced Definitions