Target EBIT definition

Target EBIT means an EBIT amount designated by the Company.
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Target EBIT means, for any period, the sum, without duplication, of
Sample 1
Target EBIT means $10,500,000 for the First Earn-Out Period and $13,700,000 for the Second Earn-Out Period.
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Examples of Target EBIT in a sentence

  • If the Company's 1997 EBIT is greater than its 1996 EBIT, but less than its 1997 EBIT Target, the EBIT Factor shall equal a fraction, the numerator of which is the Company's 1997 EBIT minus the Company's 1996 EBIT, and the denominator of which is the 1997 Target EBIT minus the Company's 1996 EBIT.

  • Target EBIT for the year shall be determined by VGR’s Compensation Committee in accordance with the Plan, based on the performance goals for the Company and any such bonus shall be paid in accordance with the terms of the Plan.

  • Determination of the Company’s EBIT for the Target EBIT shall be made by the independent accounting firm regularly engaged by the Purchaser (the “Auditor”), and shall be completed within 90 days after the end of such twelve month period.

  • In addition, if Third Year Achieved EBIT for ITC is greater than or equal to $1,550,000 (the Third Year Target EBIT for ITC), then an additional four hundred thousand dollars ($400,000) shall be made payable to ITC.

  • For the purposes of the calculation of the Target EBIT, non-recurring income and expenses shall be excluded, including the preparation of financial statements required under this Agreement.

  • To the extent the actual EBIT for the twelve month period from the Closing Date shall be less than the Target EBIT, the Second Payment shall be reduced by the percent of shortfall from the Target EBIT.

  • To the extent the actual EBIT for either of the two successive twelve month periods from the Closing Date shall be less than the First Twelve Month Target EBIT or the Second Twelve Month Target EBIT, respectively, the First Twelve Month Payment or the Second Twelve Month Payment shall be reduced by the percent of shortfall from the respective targets.

  • Target EBIT for each area of the business will be determined by the Board of Directors or its delegate.

  • Target EBIT for purposes of the Company’s Fiscal 2021 annual bonus plan was determined to be the same as for Mr. Reiss.

  • The bonus plan is established based upon attainment of E.B.I.T. For Fiscal Year 1999, Target E.B.I.T. is $19,397,000 (which is before payment of bonuses).


More Definitions of Target EBIT

Target EBIT means (A) for the Earn-Out Period ending December 31, 2001, $791,782; (B) for the Earn-Out Period ending December 31, 2002, $1,872,519; (C) for the Earn-Out Period ending December 31, 2003, $3,027,506; and (D) for the Earn-Out Periods ending December 31, 2004 and 2005, as mutually agreed to between Purchaser and Seller prior to the commencement of each such Earn-Out Period.
Sample 1
Target EBIT means the EBIT for the Performance Period as established by the Committee and as set forth on Schedule C annexed hereto. This Target EBIT shall not be changed for acquisitions or divestitures except upon the discretion of the Committee.
Sample 1
Target EBIT means, as of any date, $2,100,000 multiplied by a fraction, the numerator of which shall be the number of weeks from and including November 2, 1996, to and including such date and the denominator of which shall be 52.
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Target EBIT means, for any fiscal year, an amount equal to 1.125n times Final Base EBIT, where “n” shall equal the number of elapsed fiscal years following the Closing Date as of the end of such fiscal year.
Sample 1

Related to Target EBIT

  • 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.

  • 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.

  • 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.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • 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.

  • EPS means earnings per share.

  • 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;

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: