Target EBIT definition

Target EBIT means $10,500,000 for the First Earn-Out Period and $13,700,000 for the Second Earn-Out Period.
View Source
Target EBIT means, for any period, the sum, without duplication, of
View Source
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.
View Source

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.

  • 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.

  • The EBIT Bonus Pool shall be equal to 25% of the EBIT achieved in excess of 150% of Target EBIT for any of the three Fiscal Years following Closing, payable in cash no later than the distribution date for Second Additional Shares for such Fiscal Year.

  • To the extent the actual EBIT for the year ended December 31, 2007 shall be less than the Target EBIT, the Second Payment shall be reduced by the amount of the shortfall, on a dollar for dollar basis, from the Target EBIT.

  • Target EBIT shall mean, for each fiscal year, the amount shown in the table below for such fiscal year: Fiscal Year Target EBIT ----------- ----------- 1997 $ 5,380,000 1998 $ 6,860,000 1999 $ 8,370,000 2000 $ 9,620,000 2001 $10,630,000.

  • 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.

  • If the Second 12 Month EBIT equals or exceeds the Second Maximum Target EBIT, Seller will receive an additional purchase price of $333,000.00 (the "Second Additional Purchase Price").

  • If Second Year Achieved EBIT for ITC is less than $855,000 (which number represents an amount that is equal to .90 multiplied by the Second Year Target EBIT for ITC), then ITC will not be entitled to any additional amounts.

  • If total EBIT accumulated before the end of any Measurement Period equals or exceeds any amount set forth in Schedule 2.2(b) (the "Target EBIT"), then Sellers shall be entitled to receive, in accordance with the Allocation Portion, the number of shares of Buyer Common Stock (each an "Earnout Payment" and collectively the "Earnout Payments"), set forth in Schedule 2.2(b) with respect to such Target EBIT, less any Earnout Payments previously made in respect of lower Target EBITs.

  • The First Maximum Target EBIT, the Second Maximum Target EBIT, the First Minimum Target EBIT and the Second Minimum Target EBIT will be determined by the parties prior to Closing and memorialized in an amendment to this Agreement or in a separate letter agreement.


More Definitions of Target EBIT

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.
View Source
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.
View Source
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.
View Source

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.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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.