Gross Profit Target definition

Gross Profit Target means the amount set forth in clause “(nn)” of Schedule 1.1.

Gross Profit Target shall be defined by the Board in the LTIP (as determined by the Board based on the Board approved financial plan for each fiscal year commencing with fiscal year 2022).

Gross Profit Target means GBP 6,962,322. “Gross Profit Threshold” means GBP 5,569,858. “GBP” means British Pound Sterling.

Examples of Gross Profit Target in a sentence

• Gekko will record revenue at (x) the sum of Direct Costs and Indirect Costs divided by (y) one minus the Set Gross Profit Target.

• The Set Gross Profit Target shall be established by Xxxxxxxx annually in its sole discretion, and shall be for [***]% for fiscal year 2007.

• As used in this Agreement, the term "Prospectus" means such prospectus included in the Registration Statement, supplemented by a Prospectus Supplement as contemplated by Section 2 hereof to reflect the terms of the Purchased Securities and the plan of distribution thereof.

• The Purchasers shall establish and maintain for the General Manager, Controller and Sales Manager of each Business incentive programs directed at achieving the Gross Profit Target.

• In order for the Shareholders to be eligible to receive an Earn-Out Payment, the Acquired Business must achieve at least 80% of the Gross Profit Target during a given Earn-Out Period (the “Earn-Out Threshold”), as illustrated in Section 1.9(a) of the Seller Disclosure Schedule.

More Definitions of Gross Profit Target

Gross Profit Target means CHF 13,378,298.

Gross Profit Target shall be defined by the Board in the LTIP per Exhibit C.

Gross Profit Target means the FY25 Gross Profit Target, the FY26 Gross Profit Target or the FY27 Gross Profit Target, as applicable; “Maximum Deferred Payment” means the FY25 Maximum Deferred Payment, the FY26 Maximum Deferred Payment or the FY27 Maximum Deferred Payment, as applicable; “Target Group” means the Buyer and its subsidiary undertakings from time to time including, with effect from Closing, the Transferred Entities; “Second Deferred Consideration Amount” has the meaning given in paragraph 2.3 of this Exhibit F; “Third Deferred Consideration Amount” has the meaning given in pargraph 2.4 of this Exhibit F; and “SAPA” means the Stock and Asset Purchase Agreement to which this is an Exhibit. 2. CALCULATION OF DEFERRED CONSIDERATION AMOUNT 2.1 The Deferred Consideration Amounts shall be: (a) with respect to FY25, the amount (if any) of the First Deferred Consideration Amount; plus (b) with respect to FY26, the amount (if any) of the Second Deferred Consideration Amount; plus (c) with respect to FY27, the amount (if any) of the Third Deferred Consideration Amount, in each case, calculated in accordance with the remainder of this Exhibit F and which, in each case, shall be paid by the Buyer to the Seller in accordance with Section 4.06 of the SAPA.

Gross Profit Target means GBP 6,962,322.

Gross Profit Target means, with respect to each Earn-Out Period, $2,150,000.

Gross Profit Target means CHF 13,378,298. “Gross Profit Threshold” means CHF 10,702,638.

Gross Profit Target means the amount set forth in clause “(nn)” of Schedule 1.1. (oo) “Gross Sale Proceeds” shall mean the net present value (calculated using a discount factor equal to the Specified Discount Factor per annum) of the gross proceeds received by the Purchaser and other equity holders of any Group Company from a Sale, including: (i) the value of any securities received by such persons in the Sale that are traded on a securities exchange or through the Nasdaq National Market, which shall be valued at the average of the closing prices of the securities on such exchange or quotation system over the 10-day period ending three days prior to the consummation of the Sale; (ii) the value of any non-cash proceeds, other than publicly-traded securities referred to in clause “(i)” above, which shall be valued at the fair market value of such proceeds as determined by an independent appraiser chosen by the Earn Out Representative with the consent of the Purchaser (such consent not to be unreasonably withheld or delayed); and (iii) any debt or capital lease obligations assumed or discharged by the buyer in the Sale or to which such Group Company is subject as of the date of completion of the Sale, which shall be included in Gross Sale Proceeds at its principal amount or accreted value, as the case may be, plus accrued and unpaid interest. (pp) “Group” shall mean, collectively, the Company and the Subsidiaries (as defined in the Purchase Agreement). (qq) “Group Company” shall mean a member of the Group.