EBITDAR Target definition

EBITDAR Target means the EBITDAR target amount established by the Company for its business plan for each Plan year for purposes of calculating Awards granted under the Plan; provided that the Plan Administrator shall have discretion to adjust EBITDAR Targets and associated Awards on an equitable basis for extraordinary events or other events not within the control of Participants.
View Source
EBITDAR Target means, with respect to each Measuring date during the Term, the amount provided in Annex A.
View Source
EBITDAR Target shall have the meaning ascribed to such term in Section 3(b) of this Agreement.
View Source

Examples of EBITDAR Target in a sentence

  • Any remaining balance of the EBITDAR Carry-Back shall then be applied to the next, subsequent Performance Year(s) in which achievement was at or below the applicable EBITDAR Target in the manner described in the preceding sentence.

  • Exhibit B to this Agreement specifies the Company's performance goals for calendar years ______ through ______ (each, a "Performance Year") of (i) the target EBITDAR ("EBITDAR Target") and minimum EBITDAR ("EBITDAR Floor") with respect to EBITDAR and (ii) the target Debt ("Debt Target") and the maximum Debt ("Debt Ceiling") with respect to Debt.

  • In addition, the EBITDAR Target, EBITDAR Floor, Debt Target and Debt Ceiling will be adjusted to reflect acquisitions and dispositions as mutually agreed upon by the Board of Directors and Chief Executive Officer of the Company.

  • The EBITDAR Target, EBITDAR Floor, Debt Target and Debt Ceiling for each calendar year will be subject to annual review by the Board of Directors for adjustment during future annual budget-approval processes and time frames.

Related to EBITDAR Target

  • 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.”

  • 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.

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

  • 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.