EBITDA Growth definition

EBITDA Growth means the percentage increase (if any) in EBITDA for any Year, as compared to the previous Year as determined from time to time by the Committee.

EBITDA Growth means, with respect to each Performance Period, the percentage growth in the Company’s consolidated EBITDA, with each component of EBITDA determined in accordance with generally accepted accounting principles consistently applied, during such Performance Period as provided in Section B(iii) of this Exhibit, consistent with the Company’s reporting of EBITDA. Calculations of relative performance for all companies in the Comparative Group will be based on Standard & Poor’s Research Insight database.

EBITDA Growth means the calculated percentage change in EBITDA, as defined, for each annual period. Expressed as a formula, an example is as follows:

Examples of EBITDA Growth in a sentence

• All PRSUs that do not become Actual PRSUs shall be cancelled and be null and void on the date the Committee calculates the Adjusted EBITDA Growth Rate for the last calendar year in the Performance Period, which shall occur within sixty (60) days of the end of the Performance Period (the “Calculation Date”).

• EBITDA Growth shall be calculated by averaging the percentage increase or decrease in EBITDA for each of the three years ended December 31 in the Performance Period.

• Payouts for the Relative EBITDA Growth and Relative EPS Growth that is at the 50th percentile or higher shall equal (1) 50% plus (2) (a) the difference between (x) the actual percentile performance of the Company, minus (y) 50th percentile, where each percentile is converted to a percent (for example, the 60th percentile is equivalent to 60%), times (b) 1.25.

• The percent of the target grant awarded for achieved EBITDA Growth percentiles between levels shall be determined by interpolation.

• Notwithstanding anything above to the contrary, if the Company fails to achieve positive EBITDA Growth or EPS Growth during any Performance Period, no more than 50% of the Annual EBITDA Shares or Annual EPS Shares, as the case may be, shall vest as a result of the Company’s achievement of the relevant relative growth levels.

More Definitions of EBITDA Growth

EBITDA Growth means the compound annual growth rate in EBITDA from fiscal year 20___ through fiscal year 20___ defined mathematically as follows (but expressed as a percentage):

EBITDA Growth means year-over-year EBITDA growth.

EBITDA Growth means the cumulative three-year growth in Adjusted EBITDA.

EBITDA Growth means the sum of EBITDA for the fiscal years of Graybar in the Performance Period.

EBITDA Growth means the compound annual growth rate in EBITDA from fiscal year _____ through fiscal year _____ defined mathematically as follows (but expressed as a percentage): EBITDA Growth = (fiscal year _____ EBITDA / fiscal year _____ EBITDA)1/3 - 1

EBITDA Growth means, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the excess of (a) EBITDA on a Pro Forma Basis for the most recently completed Testing Period, minus (b) EBITDA on a Pro Forma Basis for the Testing Period ending when the Testing Period in clause (a) of this definition began (which for the purposes of this calculation shall also include the sum of any Acquired EBITDA included in the calculation of EBITDA for the Testing Period in clause (a) hereof), and the denominator of which is the amount utilized in clause (b) hereof.

EBITDA Growth means, with respect to each Performance Period, the percentage growth in the Company’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA), with each such component of EBITDA determined in accordance with generally accepted accounting principles consistently applied, during such Performance Period as provided in Section B(iii) of this Exhibit, calculated, in good faith by the Company, from the Company’s annual audited financial statements, or, for any Performance Period that is not a complete fiscal year, the Company’s most recently filed Quarterly Report on Form 10-Q, and if so reviewed, as reviewed by the Company’s independent certified accountants.