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.

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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

In addition, for the avoidance of doubt, except as otherwise provided in Section 3.1(b) below, no portion of the Performance Option shall become vested and exercisable at any time unless the Optionee remains employed with the Company or the applicable Service Recipient through the date on which it is determined that the applicable EBITDA or Cumulative EBITDA Target of the immediately preceding Fiscal Year has been achieved.
There is no Incentive Bonus unless the cumulative EBITDA performance is at least 85% of the Cumulative EBITDA Target, and the maximum Incentive Bonus is 150% of the Incentive Amount Target in the event that the cumulative EBITDA performance equals or exceeds 125% of the Target.
Similarly, if the cumulative EBITDA performance is 95% of the Cumulative EBITDA Target the amount of the Incentive Bonus would equal 90% of the Incentive Amount Target (a decrease of 10%).
If over 90% of the Cumulative EBITDA Target above is met, 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 will become Vested Shares for each 1% that actual Cumulative EBITDA exceeds 90% of the Cumulative EBITDA Target.
For example, if the cumulative EBITDA performance is 105% of the Cumulative EBITDA Target, the Incentive Bonus would equal 110% of the Incentive Amount Target.

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 means, with respect to any fiscal year or portion thereof in a Performance Period, the sum of the EBITDA Targets for each fiscal year or portion thereof in such Performance Period preceding and including such fiscal year or portion thereof.

Cumulative EBITDA Target means the sum of the EBITDA Targets for the five Fiscal Years ending March 31, 2001 through March 31, 2005. The Cumulative EBITDA Target must be achieved net of the cumulative Annual Bonus Pools (I.E., the Senior Managers of The Company will be eligible for a 5-Year Cumulative Bonus under this MIP only if the Company's total earnings for the period exceed the sum of the Cumulative EBITDA Target plus the cumulative Annual Bonus Pools). The Cumulative EBITDA Target, prior to any adjustments as described in Section C, is $78,484,000.