GAAP Revenue definition
Examples of GAAP Revenue in a sentence
Bonuses may be earned based on targeted achievement of GAAP Revenue for fiscal year 2015, subject to a minimum gross margin percentage and maximum Adjusted EBITDA loss amount.
For example, if you reached 85% of the Stratus GAAP Revenue goal assuming a 50% weight for that criteria the candidate would receive 85% of the RSU award (or 141,667) and the remaining 15% would be carried over to 2012.
Maintain, measured as of the end of each fiscal quarter during the following periods, revenue (as defined under GAAP) of at least the following: Fiscal Quarter Ending Minimum GAAP Revenue For each fiscal quarter ending during the 2015 fiscal year, the minimum revenue covenant will be established by Bank based on the Borrower’s board approved plan for such fiscal year, in a manner consistent with the manner in which the levels above were established with respect to the 2014 fiscal year.
Vesting Date Corresponding Performance Period January 26, 2015 Fiscal 2014 January 26, 2016 Fiscal 2015 • Seventy percent (70%) of each Tranche shall be eligible to vest based on the Company’s GAAP Revenue during the corresponding Performance Period (the “Revenue Tranche”).
A component of Commissions is based on GAAP Revenue derived from the sale of the Company’s services and products and another component is based on the operating costs or Contribution Margin of the Sales Organization.
Vesting Date Corresponding Performance Period January 26, 2015 Fiscal 2014 • Seventy percent (70%) of the Tranche shall be eligible to vest based on the Company’s GAAP Revenue during the corresponding Performance Period (the “Revenue Tranche”).
Subject to Sections 6 and 7 of the Agreement, one-third (1/3) of the “Total Number of Shares Granted” as set forth in the Notice of Grant shall be eligible to vest with respect to the Performance Period set forth below based on the Company’s GAAP Revenue and Adjusted EBITDA (each, a “Performance Measure”) for that Performance Period in accordance with this Appendix A.
For purposes of determining the number of Eligible RSUs for any fiscal year in progress during a Tranche’s Performance Period, the Company’s Annual Revenue Growth will be determined by comparing total GAAP Revenue in all completed financial quarters during the portion of the fiscal year prior to the consummation of the Change in Control that was completed as compared to the corresponding period in the prior fiscal year.
Performance Year Vesting Date 2015 January 26, 2016 • For the Performance Year, the “Performance Metrics” and “Weightings” shall be as follows: GAAP Revenue (one-third), Revenue ex-TAC (one-third), and Adjusted EBITDA (one-third).
Subject to Sections 6 and 7 of the Agreement, twenty percent (20%) of the “Total Number of Shares Granted” as set forth in the Notice of Grant shall be eligible to vest with respect to each of the Performance Periods set forth below based on the Company’s GAAP Revenue and Adjusted EBITDA (each, a “Performance Measure”) for that Performance Period in accordance with this Appendix A.