Net Profit Target definition

Net Profit Target means a threshold amount of Net Profit for a Year, designated by the Board as a Performance Criterion pursuant to Section 4.01.
Sample 1Sample 2Sample 3

Examples of Net Profit Target in a sentence

  • Possible transactions after the Completion Date Provided that Chongqing Mengzhou has exercised its right to acquire 51% equity interest in Minsheng Online, if Minsheng Online’s audited net profits for 2020, 2021 and 2022 meet the Net Profit Target, and the net profit of Minsheng Online during these three years increases by more than 20% on a year-on-year basis, Chongqing Mengzhuo will be entitled to acquire the remaining 49% equity interest in Minsheng Online within 24 months after the Completion Date.

  • If the Group does not meet the Net Profit Target for the financial year ended 31 March 2013 and/or the financial year ending 31 March 2014 and/or the financial year ending31 March 2015, the Conversion Price shall be adjusted downward by the following formula: Reset Price = Initial Conversion Price * (Actual profit of the relevant financial year/relevant Net Profit Target) For the avoidance of doubt, the Conversion Price adjustment can only result in downward adjustment.

  • Net Profit Target: $213 millionNet Profit Actual: $219.2 millionNet income exceeded budget by 3%Sales were more than $15 million and gross profit was $4.5 million greater than forecasted.

  • If the Net profit (2015) of Digital Extremes is less than the Net Profit Target (2015) of US$30 million, then the 39% Consideration shall be reduced by an amount (the “2015 Deducted Amount”), which shall be calculated by using the following formula: D1 = (X1-X2)/X1 * US$46,800,000Where: D1=2015 Deducted AmountX1=Net Profit Target (2015) (being US$30,000,000)X2=Net Profit (2015)provided that the 2015 Deducted Amount shall not exceed US$46,800,000.

  • Billed to CITY at a 10% gross profit rate (gross profit is acquisition cost divided by .90) Operational Costs: Billed to CITY at cost Net Profit Target: 10% net profit for CONTRACTOR Both CONTRACTOR Product Costs and Non-CONTRACTOR Product Costs shall be set by CONTRACTOR to yield a gross profit of ten percent (10%).

  • In the event that the Second Year Audited Net Profit equals to the Second Year Net Profit Target, the Sellers are entitled to convert all the Second Year CPS into Conversion Shares on the Second Year Conversion Date in accordance with the mechanism for conversion as set out in the Sale and Purchase Agreement, where the First Year Audited Net Profit is equal to the First Year Net Profit Target.

  • Company: Contact Person: Address:City: Telephone:E-mail Address: Province : Postal Code : Onsite Phone:Additional Representative (Max 2 People): Specify products or services to be displayed: Exhibitor Requirements: (Each booth contains: 1 skirted 6' table with side & back drapes, 2 chairs) Friday reception, Saturday breakfast and lunch for 1 staff included in booth price) □ 10x10 Booth Space - $750 □ Power - $15 □ Internet - $10□ I Extra Table (s) @$10 each (specify size required, ex.

  • The amount falling short of the First Year Net Profit Target (the Net Profit Shortfall) shall count towards the Second Year Net Profit Target to the extent it shall be increased by an amount equivalent to the Net Profit Shortfall.

  • If the Net Profit Target is achieved in any fiscal year, a pool of 4% of any amount over the Net Profit Target will be set aside to provide bonuses to the management/executive officers.

  • The amount, if any, in excess of the First Year Net Profit Target (the Net Profit Excess) shall count towards the Second Year Net Profit Target to the extent it shall be decreased by an amount equivalent to the Net Profit Excess.

Related to Net Profit Target

  • 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.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • 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").

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • Gross Profits means the gross profits calculated under section 4;

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • EBIT means earnings before interest and taxes.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • 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.

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

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • 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;

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • 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.”

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • EPS means earnings per share.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

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

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • 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.