Financial Objective definition
Examples of Financial Objective in a sentence
The bonus payout under the Financial Objective portion of the Plan shall be 50% of the Target Bonus at achievement of the 2007 Financial Objective Goal.
The KPMG report also notes that: In its praise for the ECGD's risk management practices, the KPMG report stresses the close links to best private sector practice: 27 The Financial Objective set for ECGD is of building up and maintaining sufficient reserves to give assurance of breakeven.
The minimum goal will be set at a percentage of the 2007 Financial Objective Goal equal to the greater of (i) 2006 EBITDA achieved by the Company (expressed as a percentage of the 2007 EBITDA Financial Objective Goal), or (ii) 90% of the 2007 Financial Objective Goal (the “Minimum Goal”).
For the fiscal year ended December 31, 2007, the Financial Objective goal will be set at the 2007 budgeted EBITDA of $XXXXXX (the “2007 Financial Objective Goal”).
The maximum goal will be set at 110% of the 2007 Financial Objective Goal (the “Maximum Goal”).
Accordingly, you are eligible to receive your annual bonus under the Management Incentive Plan for fiscal year 2019, which bonus will be based on actual achievement of the applicable Financial Objective metrics for fiscal year 2019 and, with respect to that portion of such bonus that is based on your achievement of Individual Objective metrics, the same percentage as Aramark’s actual achievement of the applicable Financial Metrics for fiscal year 2019.
The Financial Objective will be a specified amount of annual earnings before interest, taxes, depreciation and amortization ("EBITDA") of the Business as established and approved by the Brunswick Human Resource and Compensation Committee and as adjusted pursuant to Section 5 below.
For the avoidance of doubt, any pro rata bonus in respect of Aramark fiscal year 2021 will be based on actual achievement of the applicable Financial Objective metrics for fiscal year 2021 and actual achievement of the applicable Individual Objective metrics for fiscal year 2021, calculated in the same way that such bonuses are calculated for all members of the Executive Leadership Team for that fiscal year.
For the avoidance of doubt, your fiscal year 2020 annual bonus will be based on actual achievement of the applicable Financial Objective metrics for fiscal year 2020 and actual achievement of the applicable Individual Objective metrics for fiscal year 2020, calculated in the same way that such bonuses are calculated for all other members of the Executive Leadership Team for that fiscal year.
The following relationship applies to the portion of the annual bonus earned for Financial Objective: Final Payout of the Performance Result Financial Objective ------------------ ------------------- 90% 50% 95% 80% 100% - target 100% 105% 125% 110% 150% 115% 175% 120% and above 200% The Personal Objective will consist of organizational goals set by and evaluated by the Chief Executive Officer of Brunswick (or his designee).