Minimum EBITDA Target definition

Minimum EBITDA Target means, with respect to the Performance Options granted hereunder, cumulative EBITDA of $____ million, which shall be the minimum cumulative EBITDA that [insert name[s] of the applicable member or members of the MGI/CERA Group] must achieve during the period commencing on the Grant Date and ending on the Target Date for any portion of such Performance Options to vest and become exercisable as of the Target Date.
Sample 1Sample 2
Minimum EBITDA Target means 85% of the Annual EBITDA Target for each of Annual Contingent Consideration Periods ending December 31, 2008, December 31, 2009 and December 31, 2010.
Sample 1
Minimum EBITDA Target means, with respect to the Performance Options granted hereunder, cumulative EBITDA of $22.2 million, which shall be the minimum cumulative EBITDA that the Company and the Subsidiaries must achieve during the period commencing on the Grant Date and
Sample 1

Examples of Minimum EBITDA Target in a sentence

  • No Contingent Earn-Out Consideration will be paid in respect of a particular Annual Measurement Period if EBITDA is less than 75% of the Minimum EBITDA Target in any such Annual Measurement Period, whether or not Intek determines to make a capital contribution to Acorn as provided in Section 2.3 below, notwithstanding Acorn's failure to achieve 75% of the Minimum EBITDA Target.

  • Proportional adjustments will be made in each year in the Earn-Out Period between the cash and stock portions of the Contingent Earn-Out Consideration (by way of example only, if the 80% Minimum EBITDA Target were achieved in Year 1, the Contingent Earn-Out Consideration would be an aggregate amount equal to $360,000 in cash and 600,000 Intek Shares).

  • If the Affiliated Companies do not attain the Minimum EBITDA Target during an Earnout Period, 120,000 shares of the Contingent Stock shall not vest.

  • If the Public Company exceeds a 2023 EBITDA target of $60 million (“Minimum EBITDA Target”), the Public Company will make a one-time issuance of 200,000 shares of common stock for each $1 million of EBITDA (rounded down to the nearest $1 million) in excess of the Minimum EBITDA Target, up to a maximum of 3 million earnout shares.

  • If the Affiliated Companies attain EBITDA in an amount greater than the Minimum EBITDA Target but less than the Maximum EBITDA Target during an Earnout Period, a prorata portion of the 120,000 shares of Contingent Stock shall vest.

  • The separations in terms of projected distance ( 2 kpc) and velocity∼( 200 km s−1) are relatively small.


More Definitions of Minimum EBITDA Target

Minimum EBITDA Target means, with respect to the Performance Options granted hereunder, cumulative EBITDA of $22.2 million, which shall be the minimum cumulative EBITDA that the Company and the Subsidiaries must achieve during the period commencing on the Grant Date and ending on the Target Date for any portion of such Performance Options to become exercisable as of the Target Date.
Sample 1
Minimum EBITDA Target for any calendar year shall be as specified on Exhibit A.
Sample 1
Minimum EBITDA Target means, with respect to Performance Options granted under the Plan, the minimum cumulative EBITDA that the Company and the Subsidiaries must achieve during the period specified in the Option Agreement evidencing such Performance Options for any portion of such Performance Options to become exercisable as of the applicable Target Date.
Sample 1

Related to Minimum EBITDA 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.”

  • 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.

  • 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.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

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

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • 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;

  • 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.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.