Target EBITDA. The Target EBITDA shall be established each budget year by the Board of Directors of the Company based on the Company’s annual budget and the Plan shall be administered by the Compensation Committee accordingly.
Target EBITDA. $270.8 million in respect of 2007 and $222.1 million in respect of 2008; provided, that the Board may make such equitable adjustments to Target EBITDA as it reasonably deems to be appropriate (including adjustments made as a result of acquisitions, dispositions, mergers, recapitalizations, reorganizations, consolidations, spin-offs, distributions, other extraordinary transactions, other changes in the structure of the Company or any of its Affiliates, or significant capital expenditures so that Target EBITDA equitably reflects the basis for determining Actual EBITDA for the period in question).
Target EBITDA. The Target EBITDA shall be established each fiscal year by the Board based on the Company’s annual budget; provided that the Target EBITDA for 2005 shall be $245 million.
Target EBITDA. Target EBITDA is defined in Section 5(c)(iii) of the Agreement. STOCK PRICE THRESHOLD Stock Price Threshold shall mean: 2007: $18.00 per share 2008: $21.00 per share EXHIBIT B LODGIAN, INC. EMPLOYEE RESTRICTED STOCK AGREEMENT Name of Recipient: Award Date: Number of Award Shares: THIS EMPLOYEE RESTRICTED STOCK AGREEMENT1 is made and entered into effective as of the Award Date noted above by and between Lodgian, Inc., a Delaware corporation and the Recipient noted above.
Target EBITDA. For purposes of this Agreement, “Target EBITDA” means the EBITDA as set forth in the operating budget of the Company, and as approved by the Board, for the applicable fiscal year.
Target EBITDA. For purposes of this Agreement, “Target EBITDA” means (i) for the fiscal year ending December 31, 2008, $13,200,000, and (ii) for each fiscal year beginning after December 31, 2008, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.
Target EBITDA. For purposes of this Agreement, “Target Company EBITDA” means (i) for the fiscal year ending December 31, 2008, $13,200,000, and (ii) for each fiscal year beginning after December 31, 2008, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year. For purposes of this Agreement, “Target Division EBITDA” means (i) for the fiscal year ending December 31, 2008, the Bicycle Division EBITDA determined by the Compensation Committee prior to March 31, 2008, and (ii) for each fiscal year beginning after December 31, 2008, the Bicycle Division EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.
Target EBITDA. $160.3 million in respect of 2004, $245.6 million in respect of 2005, $275.9 million in respect of 2006, $270.8 million in respect of 2007 and $222.1 million in respect of 2008; provided, that the Board of Directors may make any adjustment to EBITDA as it reasonably deems to be appropriate (including adjustments made as a result of acquisitions, dispositions, mergers, recapitalizations, reorganizations, consolidations, spin-offs, distributions, other extraordinary transactions, other changes in the structure of the Company or any of its Affiliates, or significant capital expenditures so that Target EBITDA equitably reflects the basis for determining Actual EBITDA for the period in question).
Target EBITDA
