Cumulative EBITDA Target definition

Cumulative EBITDA Target means, with respect to any fiscal year of the Company set forth on Annex I to this Agreement, the applicable amount set forth opposite such fiscal year on Annex I.

Cumulative EBITDA Target for a given period commencing on or after April 1, 2009, shall be as set forth in Appendix A of this Agreement, subject to the provisions of Section 6.6 hereof.

Cumulative EBITDA Target means, with respect to each fiscal year of the Company, an amount as determined by the Board in its sole discretion with respect to such year.

Examples of Cumulative EBITDA Target in a sentence

• If (x) the conditions set forth in clauses (a) and (b) above are met, and (y) the Company achieves 90% of the Cumulative EBITDA Target above for the Measurement Year completed immediately prior to the Change of Control, then 50% of the Missed Shares and 50% of the shares that are not Eligible Shares shall become Vested Shares.

• If the Company achieves more than 90% of the Cumulative EBITDA Target above, then a number of Missed Shares will become Vested Shares, determined on a straight line basis such that an additional 5% of the Missed Shares and 5% of the shares that are not Eligible Shares will become Vested Shares for each 1% that actual Cumulative EBITDA exceeds 90% of the Cumulative EBITDA Target.

• If the Cumulative EBITDA for fiscal year 2008 is less than ninety (90%) of the Cumulative EBITDA Target for such fiscal year, no Options shall vest under this Section 6(b)(iii)(B)(II).

• The Committee shall verify whether the Cumulative EBITDA Target for fiscal year 2008 has been achieved, and shall notify Polypore’s Chief Executive Officer of its determination with respect thereto, within ten (10) business days after the Committee receives Polypore’s audited financial statements for fiscal year 2008.

• Provided that the Cumulative EBITDA for fiscal year 2008 is equal to, or in excess of, the Cumulative EBITDA Target for fiscal year 2008, fifty percent (50%) of the Options (the “Cumulative Target Options”) shall become vested and exercisable as of the date that the Committee verifies that the Cumulative EBITDA Target for fiscal year 2008 has been achieved.

More Definitions of Cumulative EBITDA Target

Cumulative EBITDA Target for a given period shall be as set forth in Exhibit A of this Agreement, subject to the provisions of Section 4.6.

Cumulative EBITDA Target as of a given date shall mean the total EBITDA Target from and after [ ] through such date.

Cumulative EBITDA Target means the Cumulative EBITDA Targets as set forth in Schedule A attached hereto.

Cumulative EBITDA Target for any given year shall be as set forth in Appendix B of this Agreement, subject to the provisions of Section 3.6.

Cumulative EBITDA Target means Eight Million Nine Hundred Forty-Three Thousand Dollars ($8,943,000).

Cumulative EBITDA Target has the meaning set forth in Schedule A.

Cumulative EBITDA Target. As of the last day of a given period, the total of EBITDA Targets from the Effective Date to such last day.