IRR Target definition

IRR Target means an IRR of 2.210445059% per month (or portion thereof) from the Closing Date to the Determination Date.
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IRR Target means an IRR of thirty percent (30%) per annum.
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IRR Target means that the Investors have achieved an IRR of 30%. ----------
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Examples of IRR Target in a sentence

  • In the event that the IRR Target is not achieved on the Exercise Date or the Option is otherwise terminated or expires unexercised, the assets and securities held in trust, and all income earned thereon, shall be returned to the Company or its successor in interest.

  • IRR Target Cumulative Vested Percentage (expressed as a fraction) 17% 0% 18% 12.5% 19% 25.0% 20% 37.5% 21% 50.0% 22% 62.5% 23% 75.0% 24% 87.5% 25% 100% There shall be straight line interpolation to determine the Cumulative Vested Percentage in the event the IRR Target satisfied is between any of the levels specified above.

  • Subject to the Participant’s continued Employment, following the Grant Date, on the first to occur of: (i) a Change of Control of the Company, or (ii) an Investor Liquidity Transaction (each of (i) and (ii), a “Liquidity Event”), the Performance-Based Option shall be eligible to vest upon the occurrence of such Liquidity Event, if and to the extent the IRR Target set forth below is satisfied (the “Performance Requirement”).

  • For purposes of calculating the amount of Interest deemed to be paid and the related income and deduction on the Advances made by Lender to the Company, the Company shall use the IRR Target.

  • The Restricted Stock shall be governed by the terms of the restricted stock agreement as approved by the Compensation Committee which shall provide that (i) with respect to 40% of the Restricted Shares, one-third shall vest on each of the first, second and third anniversaries of the Effective Date and (ii) the remaining 60% shall vest subject to achieving the IRR Target pursuant to the restricted stock agreement over the three year period described in the restricted stock agreement.

  • If, on the Determination Date, the IRR for the Plan Year is calculated to be between twenty-five percent (25%) and the IRR Target, a portion of the Yearly Allocable Options equal to ten percent (10%) of the Yearly Allocable Options for each one percent (1%) by which the IRR exceeds twenty-five percent (25%), up to one hundred percent (100%) of the Yearly Allocable Options shall become exercisable in accordance with the provisions of Section 6(b).

  • Interest on the Outstanding Advance Balance shall accrue from and after the date of Closing at such rate as is necessary to generate the greater of (x) the IRR Target or (y) an amount equal to the Minimum Interest (the “Interest”), provided, however, in no case shall such rate exceed the maximum rate allowable under applicable law.

  • Key Assumptions Sources and Uses Implied TEV Target IRR Target IRR Exit Multiple Exit Multiple ▪ Illustrative $9/share purchase price, reflecting 50% premium to current price and $953mm TEV ‒ 10.7x Management 2023E EBITDA of $89mm ▪ 3.5x 1st Lien Term Loan at S+475 and 2.0x Notes at S+850 ‒ Leverage based on ’22E Credit Adj.

  • If, on the Determination Date, the IRR Target has been satisfied for the Plan Year, the Yearly Allocable Options shall become exercisable in accordance with the provisions of Section 6(b).


More Definitions of IRR Target

IRR Target means, with respect to 1,208 Restricted Options, an IRR of 1.5309470% per month from the Starting Date to the Determination Date and, with respect to 2,417 Restricted Options, an IRR of 1.8769265% per month from the Starting Date to the Determination Date; provided that, with respect to the IRR Based Options that become Type 2 Restricted Options on the basis of achievement of a 1.8769265% per month IRR, to the extent the IRR as of the Determination Date, is more than 1.5309470% per month and less than 1.8769265% per month, such IRR Based Options shall proportionately become Type 2 Restricted Options using a straight line interpolation following Appendix A.
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IRR Target means twenty-five percent (25.0%) internal rate of return (using the same methodology utilized by the XIRR function in Microsoft Excel or if Microsoft Excel ceases to have such function such other methodology as shall produce the same result) on the Outstanding Advance Balance, provided, however, the IRR Target on Subsequent Advances shall be 25.0%. If there are no Subsequent Advances, the IRR Target on Subsequent Advances shall be zero.
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IRR Target means the applicable IRR targets established by the Committee in the Award Agreement.
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IRR Target means an IRR of thirty-five percent (35%).
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IRR Target means, as of any specified time, BXLS has achieved a Realized IRR of at least [***]%. For the avoidance of doubt, once the IRR Target has been met as of any specified time, the IRR Target shall be deemed met at all subsequent times.
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Related to IRR Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • 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").

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • 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.

  • 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;

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • continuing candidate means any candidate not deemed to be elected, and not excluded,

  • Milestone Event has the meaning set forth in Section 8.4.

  • Back-Up Compound means, with reference to any particular Development Candidate or Drug Product Candidate, a Compound which (a) has the same principal mode of action (i.e., Potentiator or Corrector) as that Development Candidate or Drug Product Candidate; and (b) was among the group of Compounds, identified by VERTEX as potential additional lead molecules having the same principal mode of action, from which the Development Candidate was selected.

  • Relative Total Shareholder Return or “Relative TSR” means the Company’s TSR compared to the Peer Companies TSR on a relative basis. The Company and the Peer Companies from highest to lowest according to their respective TSRs will determine Relative TSR. After this ranking, the percentile performance of the Company relative to the Peer Companies will be determined using the Percentrank formula in Microsoft Excel.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

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

  • Total Stockholder Return means the total return (change in share price plus reinvestment of any dividends) of a share of the Company’s common stock.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • Total Shareholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.