Minimum EBITDA Threshold and “Target EBITDA” shall mean, for any fiscal year of Bargain Holdings, such amounts as shall be determined by the Compensation Committee of the Board, or, if no such committee exists, the Board (in each case, with the CCMP Consent); provided, that the Maximum EBITDA Threshold shall in no event be more than 15% higher than the Target EBITDA and the Minimum EBITDA Threshold shall in no event be more than 15% lower than the Target EBITDA; provided, further, that after setting the Maximum EBITDA Threshold, Minimum EBITDA Threshold and Target EBITDA for any fiscal year, the Compensation Committee of the Board, or, if no such committee exists, the Board (in each case, with the CCMP Consent) may subsequently adjust such amounts in the event of any acquisition, disposition or other material transaction or event with respect to the Company Group with a view to maintaining the incentive nature of the Bonus.
Minimum EBITDA Threshold shall have the meaning set forth in Section 2.1(b)(iii).
Minimum EBITDA Threshold and “Target EBITDA” shall mean, for any fiscal year of OBO Holdings, such amounts as shall be determined by the Compensation Committee of the Board, or, if no such committee exists, the Board; provided, that the Maximum EBITDA Threshold shall in no event be more than 15% higher than the Target EBITDA and the Minimum EBITDA Threshold shall in no event be more than 15% lower than the Target EBITDA; provided, further, that after setting the Maximum EBITDA Threshold, Minimum EBITDA Threshold and Target EBITDA for any fiscal year, the Compensation Committee of the Board, or, if no such committee exists, the Board may subsequently adjust such amounts in the event of any acquisition, disposition or other material transaction or event with respect to the Company Group with a view to maintaining the incentive nature of the Bonus.
Examples of Minimum EBITDA Threshold in a sentence
Bonus Amount Equal to or greater than Maximum EBITDA Threshold 100% of Base Salary Equal to Target EBITDA 50% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 As with your Base Salary, your fiscal year 2024 Bonus, if any, will be pro-rated for the actual number of days you are employed during the Company’s fiscal year 2024 which began on February 3, 2024, and ends on February 1, 2025.
More Definitions of Minimum EBITDA Threshold
Minimum EBITDA Threshold means the dollar amount set forth on Schedule 1 attached hereto under the heading Minimum EBITDA Threshold for the applicable fiscal year of the Company.
Minimum EBITDA Threshold means cumulative consolidated EBITDA for the Company and its wholly owned subsidiaries for the EBITDA Measurement Period, excluding any revenue related to mortgage banking, of not less than $20,000,000. If on the EBITDA Trigger Date, the Minimum EBITDA Threshold has not been satisfied, the Class B Membership Units shall be cancelled and redeemed by the Company for $0.01.
Minimum EBITDA Threshold means the Company’s 2014 annualized “Consolidated EBITDAX” (as defined in the Dome Credit Facility as further adjusted upwards for the occurrence of one-time events) of at least $9.0 million, based on the Company’s audited GAAP financials for the three-months ended December 31, 2014.
Minimum EBITDA Threshold means $7,500,000 in EBITDA.
Minimum EBITDA Threshold means cumulative consolidated EBITDA for the Company (excluding any revenue related to mortgage banking in the event the Mortgage Banking Condition is satisfied) for the EBITDA Measurement Period of not less than $20,000,000.”