Examples of Cumulative 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 Target EBITDA above for the Measurement Year completed immediately prior to the Change of Control, then 50% of the Shares that were Eligible Shares but which did not previously become Vested Shares (the “Missed Shares”) and 50% of the Shares that are not yet Eligible Shares shall become Vested Shares.
If for any fiscal year set forth on Exhibit A the Company's cumulative annual EBITDA amount for that and the proceeding fiscal years equals or exceeds the Cumulative Target EBITDA amount set forth in column (B) of Exhibit A with respect to such fiscal year, and subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to the Cash Bonus Amount as if the Company had achieved its Target Annual EBITDA amounts for that and each of the preceding fiscal years.
If for any fiscal year set forth on Exhibit 2 the Company's cumulative annual EBITDA amount for that and the preceding fiscal years equals or exceeds the Cumulative Target EBITDA amount set forth in column (B) of Exhibit 2 with respect to such fiscal year, the Option shall become exercisable to the extent that it would have become exercisable had the Company achieved its Target annual EBITDA amounts for that and each of the preceding fiscal years.
For purposes of clarification, in the event that an IPO or Qualifying Termination occurs in fiscal year 2004, no vesting of Cumulative Target Options shall occur by virtue of this sub-clause (C).
The 2011/2012 Cumulative Target represents annual growth of 10% in EBITDA in 2011 and 2012, as compared to the 2011 Target.
If 90% of the Cumulative Target set forth above is met, then 50% of the Total Shares that are Eligible Shares but which did not previously become Vested Shares (the "Missed Shares") shall become Vested Shares.
The Cumulative Actual Maintenance Cost shall not exceed [*]% of the Cumulative Target Maintenance Cost as these terms are defined in this Article 4 (Program Commitment).
For the purpose of presentation in this report, the Demonstration Year 1 Cumulative Target of$2.6 billion is divided into four equal amounts of $650 million per quarter.The revised total expenditures of $404,904,076 are reported for the January 1, 2009 – March 31, 2009 quarter.
The Retention Bonus shall be based upon achievement of Cumulative Target Revenue on or before September 30, 2007 by the Company and the Affiliated Group.
Boeing will make adjustments to the Cumulative Target Maintenance Cost to reflect the effect of any such variations.