EBITDA Factor definition
EBITDA Factor. 1,” EBITDA Factor 2,” and “EBITDA Factor 3” refers to the percentage EBITDA Factor for each of the first, second, and third Fiscal Years during the Performance Period, respectively.
EBITDA Factor means the applicable percentage for a Fiscal Year determined under the following tables and paragraph: EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 1 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 2 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 3 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% For EBITDA Annual Growth below Threshold Performance, the EBITDA Factor shall be zero percent (0%). For EBITDA Annual Growth in excess of Maximum, the EBITDA Factor shall be two hundred percent (200%). For EBITDA Annual Growth between any two successive points illustrated in the applicable EBITDA Factor table, the EBITDA Factor shall be interpolated on a straight line basis. The EBITDA Percentage shall be determined and certified by the Committee after the end of the Performance Period, but prior to payment to Participant. The Relative TSR Factor will be 75% if Relative TSR is at or below the 20th percentile. The Relative TSR Factor will be 125% if the Relative TSR is at or above the 80th percentile. Relative TSR between the 20th and 80th percentiles results in a Relative TSR Factor between 75% and 125%, based on straight line interpolation between the 20th and 80th percentiles.
EBITDA Factor means, with respect to a specified Quarter, a factor equal to 1.00 minus the fraction the numerator of which is the Hotel and Casino Percentage for such Quarter and the denominator of which is the Salle Privee Percentage for such Quarter; PROVIDED that if the Salle Privee Percentage exceeds the Hotel and Casino Percentage for that Quarter, the EBITDA Factor shall be zero.
Examples of EBITDA Factor in a sentence
Target Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 100% EBITDA Factor in the Payment Formula set forth in Section 1.4.
Maximum Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 200% EBITDA Factor in the Payment Formula set forth in Section 1.4.
Threshold Performance means the level of EBITDA Annual Growth for each Fiscal Year during the Performance Period set by the Committee that results in a 0% EBITDA Factor in the Payment Formula set forth in Section 1.4.
If the actual EBITDA achieved is equal to or exceeds the EBITDA Base Case for the applicable year as set forth on Attachment A, then the EBITDA Factor shall equal eighty percent (80%) plus an additional percentage between zero percent (0%) and twenty percent (20%) determined in linear proportion to the portion of the difference between the EBITDA Base Case and the EBITDA Target that is actually achieved.
The Free Cash Flow Factor is determined in the same manner as the EBITDA Factor as described in Section (c)(i) above using the Free Cash Flow Base Case and Free Cash Flow Target set forth on Attachment A.
More Definitions of EBITDA Factor
EBITDA Factor means the applicable percentage for a Fiscal Year determined under the following tables and paragraph:
EBITDA Factor means the percentage for a Fiscal Year determined as follows: (i) EBITDA for such Fiscal Year equal to Target Performance for such Fiscal Year results in an EBITDA Factor of 100%; (ii) EBITDA for such Fiscal Year equal to or less than Minimum Performance for such Fiscal Year results in an EBITDA Factor of 0%; (iii) EBITDA for such Fiscal Year greater than Minimum Performance for such Fiscal Year and less than Target Performance for such Fiscal Year results in an EBITDA Factor between 0% and 100% based on straight line interpolation between Minimum and Target Performance;
EBITDA Factor means the applicable percentage for a Fiscal Year determined under the following tables and paragraph: EBITDA from Continuing Operations (in millions) $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] $[XXX] EBITDA Factor 1 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 2 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 3 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% For EBITDA from Continuing Operations or EBITDA Annual Growth, as applicable, below Threshold Performance, the EBITDA Factor shall be zero percent (0%). For EBITDA from Continuing Operations or EBITDA Annual Growth, as applicable, in excess of Maximum Performance, the EBITDA Factor shall be one hundred and fifty percent (150%) for the first Fiscal Year of the Performance Period, and two hundred percent (200%) for the second and third Fiscal Years of the Performance Period. For EBITDA from Continuing Operations or EBITDA Annual Growth, as applicable, between any two successive points illustrated in the applicable EBITDA Factor table above, the EBITDA Factor shall be interpolated on a straight line basis. The EBITDA Percentage shall be determined and certified by the Committee after the end of the Performance Period, but prior to payment to Participant. The “Relative TSR Factor” will be 75% if Relative TSR is at or below the 20th percentile. The Relative TSR Factor will be 125% if the Relative TSR is at or above the 80th percentile. Relative TSR between the 20th and 80th percentiles results in a Relative TSR Factor between 75% and 125%, based on straight line interpolation between the 20th and 80th percentiles.
EBITDA Factor means the applicable percentage for a Fiscal Year determined under the following table and paragraph: EBITDA Annual Growth [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% [XX]% EBITDA Factor 0.0% 50.0% 75.0% 90.0% 95.0% 100.0% 105.0% 110.0% 125.0% 150.0% 200.0% For EBITDA Annual Growth below Threshold Performance, the EBITDA Factor shall be zero percent (0%). For EBITDA Annual Growth in excess of Maximum, the EBITDA Factor shall be two hundred percent (200%). For EBITDA Annual Growth between any two successive points illustrated in the preceding table, the EBITDA Factor shall be interpolated on a straight line basis. The EBITDA Percentage shall be determined and certified by the Committee after the end of the Performance Period, but prior to payment to Participant. The Relative TSR Factor will be 75% if Relative TSR is at or below the 20th percentile. The Relative TSR Factor will be 125% if the Relative TSR is at or above the 80th percentile. Relative TSR between the 20th and 80th percentiles results in a Relative TSR Factor between 75% and 125%, based on straight line interpolation between the 20th and 80th percentiles.
EBITDA Factor means the percentage determined pursuant to Section 5.2.1 of this Plan, based on the level of the Corporation's Adjusted EBITDA.
EBITDA Factor means, for each Acquired Company, as of any date of calculation of EBITDAA, the percentage set forth below corresponding to the Initial Report Date for such Acquired Company, relative to such date of calculation of EBITDAA: INITIAL REPORT DATE EBITDA FACTOR Same as date of calculation of EBITDAA 1.000 Last day of first calendar month prior to date of .917 calculation of EBITDAA Last day of second calendar month prior to date .833 of calculation of EBITDAA Last day of third calendar month prior to date of .750 calculation of EBITDAA Last day of fourth calendar month prior to date .667 of calculation of EBITDAA Last day of fifth calendar month prior to date of .583 calculation of EBITDAA Last day of sixth calendar month prior to date of .500 calculation of EBITDAA Last day of seventh calendar month prior to date .417 of calculation of EBITDAA Last day of eighth calendar month prior to date .333 of calculation of EBITDAA Last day of ninth calendar month prior to date of .250 calculation of EBITDAA Last day of tenth calendar month prior to date of .167 calculation of EBITDAA Last day of eleventh calendar month prior to date .083 of calculation of EBITDAA Last day of twelfth calendar month prior to date 0.000 of calculation of EBITDAA
EBITDA Factor means for any Person, the QUOTIENT of (a) 12 MINUS the number of months since the date of any Acquisition, DIVIDED BY (b) 12.