Profit Target definition

Profit Target means, for each calendar year in the Employment Period, the greater of the Profit for the preceding calendar year and the Base Line Profit. “Base Line Profit” means the Profit of the Company for the annual period ended December 31, 2009.
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Profit Target means, for each calendar year in the
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Profit Target means target of Actual Audited Before-Tax Profit of the month ended on December 31, 2010 and of any fiscal year during three years ended on December 31, 2013, as listed in Article 4.7 hereof.
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Examples of Profit Target in a sentence

  • Gekko will record revenue at (x) the sum of Direct Costs and Indirect Costs divided by (y) one minus the Set Gross Profit Target.

  • The Set Gross Profit Target shall be established by Xxxxxxxx annually in its sole discretion, and shall be for [***]% for fiscal year 2007.

  • With reference to the operating result of the Electric Cycle CGU for the year ended 30 June 2016, the electric cycles business is not likely to meet the Profit Target.

  • The Profit Bonus shall not exceed the Profit Bonus cap, which shall be the amount equal to (x) three times Executive’s then current Salary if the Profit is more than 110% of the Profit Target; (y) two times Executive’s then current Salary if the Profit is 110% or less, but greater than 100% of the Profit Target; and (z) Executive’s then current salary if the Profit is 100% or less, but equal to or greater than 75% of the Profit Target.

  • The compensation is calculated in accordance with the following formula: The compensation = Profit Target – Audited net profit If the Delta Prestige Group records an audited net loss for the year ending 30 June 2016, the audited net profit will be deemed as zero for the purpose of calculation of the compensation.

  • In case the Delta Prestige Group cannot achieve the Profit Target, the vendor will compensate to the Company in cash.

  • The first scenario (“Scenario 1”), where the Profit Target can be met and the second scenario (“Scenario 2”), where the Profit Target cannot be met.

  • However, based on the available audited financial statements of VAM for the twelve months ended 31 December 2011, VAM had achieved an audited net profit after interest and tax of approximately HK$5,280,000, and the Collection Target was met, the Board of Directors of the Company had decided, notwithstanding the Profit Target was not met, to issue a total of 280,768,000 new ordinary shares of the Company to the Executives as Performance Bonus Shares.

  • This was calculated based on the actual unaudited profit after interest and tax of HK$3,582,600 for the Relevant Period as compared with the Profit Target and represented a total fair value of S$1,403,840 measured using the fair value of S$0.005 each.

  • In addition to the annual Base Fee provided for in Section 3.2(a), an annual incentive management fee ("Incentive Fee") equal to the lesser of (A) fifteen percent (15%) of the Adjusted Gross Operating Profit up to the Operating Profit Target and twenty-five percent (25%) of Adjusted Gross Operating Profits in excess of the Operating Profit Target or (B) subject to the accrual set forth in Section 3.2(c) below, the Cash Flow Available for Incentive Fee.


More Definitions of Profit Target

Profit Target means the guarantee made by the Sellers to the Purchaser with respect to the actual audited pre-tax profit of the Company as listed in Article 4.3 hereof.
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Profit Target. Refers to the guarantee listed in Article 6.1 herein provided by Party B to Party A for the Actual Audited Pre-tax Profit;
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Profit Target shall have the meaning ascribed to it in Clause 10.1(iii);
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Profit Target means, in respect of the Financial Period, $2,500,000.
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Profit Target means an aggregate net operating profit after tax of the Target Company of not less than S$3,000,000 for the thirty-six months period commencing from 1 March 2020 and ending on 28 February 2023 (“Profit Target Period”). The quantum of the Profit Target was derived after reviewing the track record and financial performance of the Target Company.
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Profit Target means each of the Year 1 Profit Target, Year 2 Profit Target and Year 3 Profit Target.
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Related to Profit 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;

  • 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;

  • 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").

  • 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.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

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

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • 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.

  • 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.

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

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • EPS means earnings per share.

  • 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;

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.