Stretch Target definition

Stretch Target means $______________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to account for the addition of EBITDA, or the decrease of EBITDA, resulting from the transaction, For example, the acquisition of an entity that generated EBITDA of $________ USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $___________ USD for each full calendar year remaining in the EBITDA Performance Period (if any), plus an amount equal to the product of $___________ multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12). (xiii) “TSR” means the cumulative percentage change in stock price over the TSR Performance Period, with Dividends Paid during the TSR Performance Period being added to the stock price at the end of the TSR Performance Period. For purposes of this Agreement, the price of an entity’s stock at the beginning of the TSR Performance Period will be the average closing stock price over the trading days in the twenty (20) days immediately preceding the start of the TSR Performance Period, and the stock price at the end of the TSR Performance Period will be the average closing stock price over the trading days in the last twenty (20) days of the TSR Performance Period. In the event of a spin off, split up or similar transaction involving the business of the Company or a company in the Concentrated Peer Group, the shares of the entity of such transaction will be treated as Dividends Paid with respect to the Company or the company in the Concentrated Peer Group, as applicable. (xiv) “TSR Performance Period” means the three-year period commencing on the Grant Date and ending on the third (3rd) anniversary of the Grant Date. (xv) “Vesting Date” means the date the Committee certifies the EBITDA and TSR results or, if earlier, the date vesting occurs pursuant to Section 3(c) or Section 3(d)(iii).
Sample 1
Stretch Target means $___________________ USD; provided, however, that if a Material Acquisition or Divestiture occurs, other than the divestiture of a business that generated an operating loss in the twelve (12) months preceding such divestiture, the Stretch Target shall be adjusted to eliminate the impact of the addition of Operating Profits, or the decrease of Operating Profits, resulting from the transaction, but only to the extent that the additional Operating Profits or the decreased Operating Profits exceed the Materiality Threshold. For example, the acquisition of an entity that generated Operating Profits of $5,000,000 USD in the 12 months preceding the acquisition shall cause an upward adjustment in the Stretch Target by $2,000,000 USD for each full calendar year remaining in the OP Performance Period (if any), plus an amount equal to the product of $2,000,000 multiplied by a fraction, the numerator of which is the number of full months remaining in the calendar year in which the acquisition occurred and the denominator of which is twelve (12).
Sample 1
Stretch Target means achieving superior performance and relates to a score for a KPI where a Stretch Target Payment is payable. Stretch Targets for the two applicable KPIs are listed in Article 5.6.
Sample 1

Examples of Stretch Target in a sentence

  • Vesting shall not exceed 200% of PSUs for performance above the Stretch Target level.

  • The plan includes the requirement to deliver a base Cost Improvement Programme (CIP) of £25.5m plus a further CIP Stretch Target of £13.1m by the financial year end.

  • On or before the Grant Date of the PSUs, the Board shall establish, after consultation with the Executive, Threshold, Target and Stretch Target Revenue and EBITDA goals for the three fiscal year period beginning with the fiscal year immediately following the fiscal year for which the Long Term Incentive grant is being made, which goals shall be provided in the writing to the Executive (“LTI Financial Goals”).

  • If the Company’s Net Income for any Fiscal Year is greater than Super Stretch Target, the Committee may establish a Bonus Pool and allocate among and distribute the Bonus Pool to members of the Bonus Groups as the Committee determines in its sole discretion.

  • Level of vesting of PSUs with respect to Revenue and EBITDA goals will be in accordance with the following schedule, with straight line interpolation for achievement between Threshold and Target performance and between Target and Stretch Target performance: PSU Vesting Achievement of LTI Financial Goals shall be determined promptly after the Company’s annual financial statements for the last fiscal year for the applicable period have been publicly issued and certified by the Company’s auditors.

  • The amount of the Threshold, Target and Stretch Target bonuses shall be 25%, 50% and 100% of the Executive’s Base Salary for the applicable fiscal year, and shall only be paid in cash.

  • No. OUTCOMES INDICATORS TARGETS Reward Stretch Target Lead & Delivery Partners Cross Cutting Ref.

  • On the other hand, DBB is criticized for extended time required for the design and construction and adverse contractual relationship between the project teams (AIA, 2005).

  • The plan includes the requirement to deliver a Cost Improvement Programme (CIP) of£25.5m plus a further CIP Stretch Target of £13.1m by the financial year end.

  • Facebook, Instagram, twitter and Vimeo Output (11) target Stretch Target over 2 years and 9 Months Minimum overall target Stretch Annual target Minimum annual target Achieve between 10% & 20% growth on social media per annum across all platforms from a current baseline of 1656 0000 0000 0000 0000 Ambassadors Programme The YouNG ambassador programme is a contract of employment with one young person representing each secondary school across Rushcliffe.


More Definitions of Stretch Target

Stretch Target. Increase the total number of adults aged 16+ achieving Basic Skills target qualifications from 3,820 to 4,001 (an increase of 181 adults over the three years of the LAA) * Percentage of learners achieving level 2 by the age of 19 57.2%7 1963 59.2% 2052 61.2% 2065 62.2% 2110 (2103) (2116) (2162) Stretch Target: Increase the total number of individuals achieving level 2 by the age of 19 from 6,227 to 6,381 (an increase of 154 people over the three years of the LAA) ‌ 5 University Centre Oldham 2006 6 Learning & Skills Council, Skills For Life, 2004/05 7 Learning & Skills Council, 2005 Percentage of learners achieving level 3 by the age of 19 40.8% 43.5% 46.2% 48.5% C - REDUCING POVERTY AND INEQUALITIES Reducing worklessness amongst the working aged population (aged 16-59) of Oldham 12 people per priority xxxx (Borough average - 2004/05). 60 in total * i) The number of IB claimants moving into employment in 5 priority8 wards in the Borough 75 (95) 95 (115) 110 (131) Stretch Target: Increase the total number of IB claimants moving into employment in 5 priority wards from 280 to 341 (an increase of 61 people over the three years of the LAA) * ii) In 2 other priority wards9, the number of IB claimants moving into employment who have been claiming for over 2 years 1% in to employment. 1142 claiming IB for over 2 years in Alexandra and St Paul’s (Oct05) 24 (30) 30 (40) 33 (35) Stretch Target: Increase the total number of IB claimants who have been claiming for over two years moving into employment in two other priority wards from 87 to 105 (an increase of 18 people over the three years of the LAA) iii) The Borough average IB claimant rate 10.7%. 13,475 IB claimants (Oct 05) 10.7% 10.6% 10.5% 8 JCP 2005 figures for the following wards: Hollinwood, Coldhurst, Werneth, St Mary's and Lees 9 Alexandra (includes the NDC area) and St Pauls iv) The number of lone parents moving into employment 592 (Oct 05) 3,300 registered lone parents at Oct 0510 3% increase (610) 3% increase (628) 3% increase (646) D- ATTRACTING Creation of quality floor 2005/6 developments of - - 27,200 sq. m. of INVESTMENT TO CREATE QUALITY space and new jobs 11 4 major investment sites underway quality floor space created resulting in 885 new jobs FUNDING STREAMS (P = Pooled, A = Aligned) 2005/6 2006/7 2007/8 2008/9 NRF – Neighbourhood Renewal Fund (P) £1,399,500 £1,689,500 - Economic Partnership (£360,000 (£450,000 - Oldham Beyond £250,000 £450,000 - Local Learning Partnership £789,500) £789,500) LE...
Sample 1
Stretch Target performance against the agreed-upon goals and objectives for such year shall entitle you to a Bonus for such year equal to at least 60% of your annualized Base Salary for such year. Lesser amounts may be awarded for performance below "target", and intermediate amounts may be awarded for performance between "target" and "stretch target". The extent to which the agreed-upon goals and objectives are attained shall be determined by the Committee reasonably and in good faith, in consultation with you, as soon as reasonably practicable after the end of the calendar year to which the Bonus at issue relates. The Bonus earned by you for a calendar year shall be paid to you promptly after its amount has been determined, and in no event later than the earlier of (x) the date that other senior executives of the Company receive their annual bonuses for such year and (y) March 30 of the year following such year. Your Bonus shall be no less than $75,000 for calendar year 2003.
Sample 1

Related to Stretch 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").

  • 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 means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

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

  • 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.

  • 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.

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

  • 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.

  • 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;

  • 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.

  • 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.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • 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.

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • DNA profile means a letter or number code which represents a set of identification characteristics of the non-coding part of an analysed human DNA sample, i.e. the particular molecular structure at the various DNA locations (loci);

  • ROIC means Return on Invested Capital and represents a ratio of Adjusted net income to Average Invested Capital. The Company believes this is a useful profitability measure as it excludes non-cash expenses (income) from both the numerator and denominator.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • SPS AER Value means the Underlying Reference Value.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Development Milestone is defined in Section 5.3.