EBITDA Hurdle definition

EBITDA Hurdle means threshold, target and maximum amounts of EBITDA with respect to a calendar year, as determined in good faith by the Board or its Compensation Committee. EBITDA Hurdles shall be adjusted consistent with the definition of EBITDA, in the discretion of the Board or its Compensation Committee.
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EBITDA Hurdle means, for each date of determination during the Earn-Out Period, the sum of (i) Target EBITDA, plus (ii) any EBITDA Shortfall.
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EBITDA Hurdle means an EBITDA of at least $____million for FY____, $____ million for FY____, and $____ million for FY ____, in each case with such Company reported EBIDTA results reduced by any minimum guarantee royalty impairments.
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Examples of EBITDA Hurdle in a sentence

  • If the EBITDA for such Fiscal Year is less than 100% of such EBITDA Hurdle, no portion of the Performance Option eligible to become vested on the Release Date for such Fiscal Year shall become vested.

  • See also, 922.103–5, Contract clauses, which pre- scribes use of the clause at 48 CFR 52.222–1, Notice to the Government of Labor Disputes.[58 FR 36151, July 6, 1993, as amended at 75FR 29459, May 26, 2010]PART 939—ACQUISITION OF INFORMATION TECHNOLOGYSubpart 939.70—Implementing DOE Policies and ProceduresSec.939.7000 Scope.939.7001 [Reserved]939.7002 Contractor acquisition of informa- tion technology.AUTHORITY: 42 U.S.C. 7101 et seq.

  • The EBITDA Hurdle is $85 million for the fiscal year ending December 31, 2011.

  • If a Transfer would be a Permitted Transfer but for failure to meet the EBITDA Hurdle, Landlord shall nevertheless be required to review such Transfer under the provisions of Section 13.1.

  • The EBITDA Hurdle for any subsequent fiscal year is $85 million plus a cumulative increase of 10% per year, compounding annually (e.g., $93,500,000 for the fiscal year ending December 31, 2012, and $102,850,000 for the fiscal year ending December 31, 2013).

  • For clarity, it is acknowledged that determination of whether the EBITDA Hurdle has been met need not necessarily occur prior to the Contingent Sunset Date.[28] The agreement specified the “trigger” events that would result in the Contingent Subscription Price being payable.[29] The definition section of the agreement said: EBITDA Hurdle means when the EBITDA of the Company for any consecutive 12 calendar month period exceeds, in aggregate for that period,$2,000,000.

  • The EBITDA Hurdle shall be deemed to have been achieved thirty (30) days following the completion of the Company’s audited financial statements for the applicable year.

  • For Fiscal Year 2010, if the Company achieves EBITDA equal to or in excess of 100% of the EBITDA Hurdle for Fiscal Year 2010 set forth on Table 1 below, the portion of the Performance Option, if any, which shall become vested on the Release Date for Fiscal Year 2010 shall equal the product of (i) the aggregate number of Performance Option Shares multiplied by (ii) 0.1375.

  • While there was no dispute at the hearing that the EBITDA Hurdle had not been met, it is clear that the shareholders felt that they had been hard done by and they were of theview that, had there not been a change in accounting practice in relation to the valuation of stock, the EBITDA Hurdle of $2 million should have been achieved and they would have been entitled to be paid the Contingent Purchase Price and the company paid the Contingent Subscription Price.

  • Because of the drag along rights in the company’s constitution,18 it seems plausible that Mr Murrie was, in fact, concerned that in the circumstances, Rangatira should be obliged to pay the Contingent Sums notwithstanding that the EBITDA Hurdle had not been met.


More Definitions of EBITDA Hurdle

EBITDA Hurdle shall have the meaning set forth in Section 3.01(a).
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EBITDA Hurdle means the Company’s EBITDA is at least $___ million as reported by the Company for FY _____, with such reported EBIDTA results reduced by any minimum guarantee royalty impairments.
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EBITDA Hurdle means $370 million of EBITDA.
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Related to EBITDA Hurdle

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • EBIT means earnings before interest and taxes.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • Adjusted EBITDA means, for the twelve (12) month period preceding the calculation date, for any Person, the sum of (a) Net Income, plus (b) to the extent deducted in determining Net Income, the sum, without duplication, of such Person’s (i) Interest Expense, (ii) income tax expense, including, without limitation, taxes paid or accrued based on income, profits or capital, including state, franchise and similar taxes and foreign withholding taxes, (iii) depreciation and amortization (including, without limitation, amortization of goodwill and other intangible assets), (iv) extraordinary losses and non-recurring non-cash charges and expenses, (v) all other non-cash charges, expenses and interest (including, without limitation, any non-cash losses in respect of Hedge Agreements, non-cash impairment charges, non-cash valuation charges for stock option grants or vesting of restricted stock awards or any other non-cash compensation charges, and losses from the early extinguishment of Indebtedness), (vi) non-recurring integration costs and expenses resulting from operational changes and improvements (including, without limitation, severance costs and business optimization expenses) and (vii) non-recurring charges and expenses, restructuring charges, transaction expenses (including, without limitation, transaction expenses incurred in connection with any merger or acquisition) and underwriters’ fees, and severance and retention payments in connection with any merger or acquisition, in each case for such period, less extraordinary gains and cash payments (not otherwise deducted in determining Net Income) made during such period with respect to non-cash charges that were added back in a prior period; provided, however, (A) with respect to any Person that became a Subsidiary of the Borrower, or was merged with or consolidated into the Borrower or any of its Subsidiaries, during such period, or any acquisition by the Borrower or any of its Subsidiaries of the assets of any Person during such period, “Adjusted EBITDA” shall, at the option of the Borrower in respect of any or all of the foregoing, also include the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such acquisition, merger or consolidation, including any concurrent transaction entered into by such Person or with respect to such assets as part of such acquisition, merger or consolidation, had occurred on the first day of such period and (B) with respect to any Person that has ceased to be a Subsidiary of the Borrower during such period, or any material assets of the Borrower or any of its Subsidiaries sold or otherwise disposed of by the Borrower or any of its Subsidiaries during such period, “Adjusted EBITDA” shall exclude the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such sale or disposition of such Subsidiary or such assets had occurred on the first day of such period.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Adjusted Consolidated EBITDA means, for any Computation Period, Consolidated EBITDA for such Computation Period adjusted by giving effect on a pro forma basis to Acquisitions and dispositions completed during such Computation Period.

  • Hurdle Amount for any period during a calendar year means that amount that results in a 5% annualized internal rate of return on the Net Asset Value of the Partnership Units outstanding at the beginning of the then-current calendar year and all Partnership Units issued since the beginning of the then-current calendar year, taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such Partnership Units and all issuances of Partnership Units over the period and calculated in accordance with recognized industry practices. The ending Net Asset Value of the Partnership Units used in calculating the internal rate of return will be calculated before giving effect to any allocation or accrual to the Performance Participation Interest and any applicable stockholder servicing fee expenses, provided that the calculation of the Hurdle Amount for any period will exclude any Partnership Units repurchased during such period, which Partnership Units will be subject to the Performance Participation Interest upon such repurchase as described in Section 5.2(c).

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • ROIC means the Company’s return on Invested Capital calculated as a percentage for the twelve month period ending on the last day of the Performance Period by dividing net operating profit after tax by Invested Capital. For the purposes of calculating ROIC under this Agreement, “net operating profit” shall be adjusted to exclude the impact of all restructuring, foreign exchange, impairments, legal settlements, employee separation costs, product liability charges, pension plan and SERP terminations and retroactive tax law changes to the extent such items were not contemplated and included in the Company’s 2013-2018 Strategic Plan, upon which the ROIC goals were based.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.