EBITDA CAGR definition

EBITDA CAGR means compound annual growth rate at which Adjusted EBITDA for the final four fully completed fiscal quarters of the Performance Period ("LTM EBITDA") would have grown relative to the Adjusted EBITDA for the 2013 fiscal year ("2013 EBITDA" assuming a steady growth rate, as is calculated at the end of the Performance Period using the following formula: ((LTM EBITDA/2013 EBITDA)Time Period ) - 1, where "Time Period" means a fraction, with a numerator of 4 and a denominator equal to the number of full fiscal quarters completed during the Performance Period.

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EBITDA CAGR means the compound annual growth in EBITDA from March 31, 2019 through March 31, 2022, expressed as a percentage, determined by comparing the last twelve months (“LTM”) EBITDA for the period ending March 31, 2022 to the LTM EBITDA for the period ending March 31, 2019. Purely for illustrative purposes, if LTM EBITDA for March 31, 2019 was $300 million, and LTM EBITDA for March 31, 2022 was $400 million, the EBITDA CAGR would be 10.064%.

EBITDA CAGR means the compound annual five year growth rate in EBITDA during the Term determined using the formula: EBITDA CAGR = (Ending Year EBITDA/Base Year EBITDA)^(1/5)-1.

Examples of EBITDA CAGR in a sentence

• For purposes of determining EBITDA CAGR as of any Vesting Date, the base EBITDA shall be the ▇▇▇▇ ▇▇▇▇▇▇.

• All determinations with respect to Total Shareholder Return Position and EBITDA CAGR shall be made by the Committee in its sole discretion and the applicable performance targets shall not be achieved and the Performance Shares shall not vest until the Committee certifies that such performance targets have been met.

• By: Name: Title: ▇▇▇▇▇ ▇▇▇▇▇ Residence Address: Less than 5% EBITDA CAGR $ 0 Greater than or equal to 5% EBITDA CAGR but less than 10% $ 5 million Greater than or equal to 10% EBITDA CAGR but less than 15% $ 10 million Greater than or equal to 15% EBITDA CAGR $ 20 million The number of Vested RSUs shall be equal to the Value of RSUs determined as set forth above divided by the Fair Market Value of a Share of Common Stock as of the Determination Date.

• The Committee Certification shall include the satisfaction of the EBITDA CAGR set forth in this Exhibit and of the satisfaction of all other material terms of the Award.

• If a Change in Control occurs prior to March 31, 2022, then for purposes of determining the EBITDA CAGR, the EBITDA for the 12-month period ending on the last day of the calendar quarter ended immediately prior to such Change in Control shall be used in lieu of the LTM EBITDA for the period ending March 31, 2022.

• All determinations with respect to Free Cash Flow Per Share CAGR and EBITDA CAGR shall be made by the Committee in its sole discretion and the applicable Performance Conditions shall not be achieved and the Performance Shares shall not vest until the Committee certifies the extent to which such Performance Conditions have been met.

• The Committee Certification shall include the satisfaction of the EBITDA CAGR set forth in this Exhibit and the satisfaction of all other material terms of the Award.

• If the specified EBITDA CAGR is not achieved as of the Second Vesting Date, the 2014 EBITDA pool shall be zero.

• If the specified EBITDA CAGR is not achieved as of the First Vesting Date, the 2013 EBITDA pool shall be zero.

• In addition to the continuous (or deemed continuous in accordance with Section 2(b) of the Agreement) employment of Employee, the vesting of any awards on any Vesting Date shall be contingent upon the E‑Commerce Division’s achievement of the EBITDA CAGR specified in Section 3 of this Exhibit.

More Definitions of EBITDA CAGR

EBITDA CAGR means compound annual growth rate at which Adjusted EBITDA for the final four fully completed fiscal quarters of the Performance Period (“ LTM

EBITDA CAGR for each EBITDA Measurement Date is equal to: EBITDA (sub n) (( ----------------------- )1/n -1) *100 Initial EBITDA Amount where EBITDA (sub n) is the EBITDA for the twelve months ending on the applicable EBITDA Measurement Date and n equals (a) 1, if the applicable EBITDA Measurement Date falls in 2002; (b) 2, if the applicable EBITDA Measurement Date falls in 2003; (c) 3, if the applicable EBITDA Measurement Date falls in 2004; (d) 4, if the applicable EBITDA Measurement Date falls in 2005; and (e) 5, if the applicable EBITDA Measurement Date falls in 2006.

EBITDA CAGR means compound annual growth rate at which Adjusted EBITDA for the final four fully completed fiscal quarters of the Performance Period (“LTM EBITDA”) would have grown relative to the Adjusted EBITDA for the 2016 fiscal year (calculated on a pro forma basis to give effect to the distribution by the Company to its stockholders of the “Timeshare Business” and “Ownership Business,” in each case, as defined in the distribution agreement dated January 2, 2017, among the Company, Hilton Domestic Operating Company Inc., Park Hotels & Resorts Inc. and Hilton Grand Vacations Inc., and related transactions, as if they had occurred on January 1, 2016, “2016 EBITDA”) assuming a steady growth rate, as is calculated at the end of the Performance Period using the following formula: ((LTM EBITDA/2016 EBITDA)(1/Time Period) ) – 1, where “Time Period” means a fraction, with a numerator of 4 and a denominator equal to the number of full fiscal quarters completed during the Performance Period.

EBITDA CAGR for each EBITDA Measurement Date is equal to:

EBITDA CAGR means compound annual growth rate at which Adjusted EBITDA for the final four fully completed fiscal quarters of the Performance Period (“ LTM EBITDA ”) would have grown relative to the Adjusted EBITDA for the 2018 fiscal year (“ 2018 EBITDA ”) assuming a steady growth rate, as is calculated at the end of the Performance Period using the following formula: