Profit Goal definition

Profit Goal means the allocation to holders of “Preferred Units” under the Tower Automotive Operating Agreement of net cumulative profits (taking into account any losses) of at least one hundred seventy-five million dollars ($175,000,000); provided, however, that such Profit Goal shall be proportionately increased by any additional “Capital Contributions” under the Tower Automotive Operating Agreement made by holders of such Preferred Units. Notwithstanding anything contained herein to the contrary, the Manager may, in his or its sole discretion exercised reasonably, adjust or modify such Profit Goal in order to prevent the dilution or enlargement of the rights of the Participant (a) in the event of, or in anticipation of, any unusual or extraordinary corporate or business item, transaction, event, or development, or (b) in recognition of, or in anticipation of, any other unusual or nonrecurring events affecting Tower LLC or any of its Affiliates, or the financial statements of Tower LLC or any of its Affiliates, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions.
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Profit Goal means the actual audited pre-tax profit of the Company Group promised to the Purchaser by the Sellers as listed in Article 4.4 hereof Qualified Listing refers to the Company Group (including but not limited to the listing of the members of the Company Group or any of their main business on an internationally accepted exchange), whose market value shall not be less than RMB
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Profit Goal. An amount equal to 20% of the Capital Contribution. All management fees shall be included in this amount.
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Examples of Profit Goal in a sentence

  • Attainment among the Operation Profit Goal attainment levels is subject to interpolation on a linear basis.

  • The attainment level, ranging from 0% to 200%, of the Operating Profit Goal applicable to each Performance Measurement Period shall be measured separately on each corresponding Determination Date and weighted equally.

  • DayMaxGoal $ Integer >= 0 Default = 0 This defines the Daily Profit Goal in dollars.

  • The fund will receive a maximum of $1,500,000 worth of shares after 3 years based on the percentage of the annual Net Operating Profit Goal met.

  • The Options granted under this Agreement shall be subject to two vesting requirements and conditions: (i) percentage achievement (based on the Performance Goals Achievement Scale) of the Mobile Business Revenue Goal and Mobile Business Gross Profit Goal, as determined below ("Mobile Business Performance Goals Component"); and (ii) time vesting based on the time vesting schedule ("Time Vesting Schedule") set forth below ("Time Vesting Component").

  • Eligible Percentage means the percentage resulting from the following calculation: [Mobile Business Gross Profit Goal Vesting Eligible Percentage x Mobile Business Gross Profit Goal Allocation Percentage] + [Mobile Business Revenue Goal Vesting Eligible Percentage x Mobile Business Revenue Goal Allocation Percentage] GAAP means generally accepted accounting principles.

  • The date the Compensation Committee of the Board certifies in writing, in accordance with the requirements of Section 162(m) of the Code, the level of attainment of the Operating Profit Goal (as defined below).

  • The Target Profit Goal shall be computed before deducting any amounts expensed for taxes, payments under the Company's annual profit-sharing incentive bonus program and charitable contributions.

  • If the Compensation Committee of the Board, on or before the Vesting Date, fails to certify whether the Operating Profit Goal was attained or determines that the Operating Profit Goal was not attained, the Award shall be forfeited in its entirety, and there will be no settlement of Shares related to such Award, without regard to whether the Net Synergy Performance Goal or LTC Cumulative Revenue Performance Goal (each, as defined below) may be considered to be attained.

  • For purposes hereof, the term "Net Profit Goal" shall be the attainment of profitability by the Company for the fiscal year ended December 31, 2003; and for the fiscal year commencing January 1, 2004 shall be as mutually agreed to by the Executive and the Compensation Committee of the Company's Board of Directors (based upon good faith negotiations) by December 15, 2003.