Budgeted EBITDA definition

Budgeted EBITDA means, for any fiscal year of the Company, the EBITDA for the Company and its consolidated subsidiaries for such fiscal year set forth in the budget for such fiscal year adopted by the Board.

Budgeted EBITDA means, with respect to the Managed Properties, the amount of “Budgeted EBITDA” as set forth in the Approved Annual Plan and Operating Budget.

Budgeted EBITDA has the meaning set forth in Section 7.02(d).

Examples of Budgeted EBITDA in a sentence

• The Target Bonus shall be calculated and payable in accordance with and based on the Actual EBITDA of the Company by reference to the Budgeted EBITDA.

• Parent shall submit to Company at the beginning of each calendar month a written statement of the amount estimated to be owed by Company for services and the use of facilities pursuant to this Agreement for that calendar month, and Company shall pay to Parent within five (5) days following receipt of such written statement the amount set forth in the statement.

• The amount of Budgeted EBITDA of the Company for the Plan Year which is $5,471,000.

• Budgeted EBITDA was based on expectations of future outcomes taking into account past experience, adjusted for anticipated revenue growth.

• Xxxxxx, Xx. under their employment agreements shall not exceed 30% of the amount by which EBITDA exceeds Budgeted EBITDA (the “Bonus Cap Amount”).

More Definitions of Budgeted EBITDA

Budgeted EBITDA for any year means the amount of EBITDA that the Company projects to achieve during such year, as specified in the definitive annual budget of the Company for such year approved by the Board. For the year ending December 31, 1997, Budgeted EBITDA means $52 million.

Budgeted EBITDA means, for the twelve-month period ending on --------------- the last day of each Accounting Period, beginning with the Accounting Period ending February 28, 1998, the EBITDA set forth opposite such Accounting Period on Schedule 2.

Budgeted EBITDA means the amount of assumed EBITDA budgeted for the Performance Cycle to calculate individual Target Award Amounts.

Budgeted EBITDA for each fiscal year shall mean the EBITDA that is reflected in the Company's annual budget for each fiscal year approved by the board of directors prior to the beginning of the fiscal year and adopted in writing by the Committee each year within the time period required under Section 162(m) of the Internal Revenue Code and related regulations and attached to this Agreement. Budgeted EBITDA shall not be changed after the adoption by the Committee, except in the event of a substantial change in the Company's business as a result of the acquisition or disposition of a substantial amount of assets. Any such change must be adopted by the Committee in writing and attached to this Agreement.

Budgeted EBITDA means the anticipated EBITDA determined by the Board prior to each Fiscal Year.

Budgeted EBITDA for any fiscal year shall be the single EBITDA target for such fiscal year contained in the operating budget established by the Board in good faith for the Corporation as a whole; provided, however, that if the following amounts have not been deducted from projected earnings in determining such EBITDA target, such amounts shall be deducted from such EBITDA target for purposes of determining Budgeted EBITDA, but only to the extent the same would reduce actual EBITDA: (i) the aggregate compensation expense charged to earnings during such fiscal year for fees paid to non-management members of the Board, and (ii) up to Two Hundred Thousand United States Dollars (U.S. $200,000) in rental payments for the Corporation's lease of offices at 1412 Broadway, New York, New York.

Budgeted EBITDA shall be calculated at the end of each fiscal year, --------------- beginning with the fiscal year ending December 31, 1998, and shall mean for each fiscal year the EBITDA set forth opposite such fiscal year on Exhibit A.