Target EBT definition

Target EBT means, (i) for the fiscal year ending June 30, 1997 - $8,500,000, (ii) for the fiscal year ending June 30, 1998 - $10,600,000, (iii) for the fiscal year ending June 30, 1999 - $13,300,000 and (iv) for the fiscal year ending June 30, 2000 - $16,600,000. Notwithstanding the "Target EBT" amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its subsidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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Target EBT means the Target Employee Benefit Trust;
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Target EBT amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its sub sidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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Examples of Target EBT in a sentence

  • Such calculations shall be made as follows: Actual EBT as % of Bonus as % Target EBT of Actual EBT ---------- ------------- 1.

  • Any deferred portion of the Note Payments shall be paid in the next succeeding quarter to the extent the Company exceeds the Target EBT during such a period and can make up the shortfall from the immediately preceding quarter.

  • Each Incentive Payment shall be based upon the percentage of the target EBT (the "Target EBT") achieved by the Business for each of (A) the twelve month period ending on December 31, 2000, (B) the twelve month period ending on December 31, 2001, and (C) the twelve month period ending on December 31, 2002 (each, subject to adjustment as set forth in Sections 2.8(e)(iv), (vi), and (vii) and 2.8(f)) all as set forth in the chart below.

  • In the event that Westcon's actual EBT for the applicable fiscal year is greater or lesser than the Target EBT, Employee's applicable Annual Bonus shall be adjusted by multiplying the applicable Annual Bonus by Westcon's Actual EBT for the applicable fiscal year end divided by the Target EBT for the applicable fiscal year.

  • The Annual Bonus will be based upon the percentage that the Company's net income before taxes ("EBT") reflected in the Company's audited financial statements for the applicable fiscal year ("Actual EBT") represents of the budgeted EBT for such fiscal year based upon the budget approved by the Company's Board of Directors ("Target EBT").

  • The basis of such dispute must be the failure to calculate such Incentive Payment or its corresponding Adjusted Target EBT, if any, in accordance with this Agreement.

  • The Note Payments may be deferred by a pro rated amount with the numerator being the actual EBT for the measurement period (i.e., month or quarter) and the denominator being the Target EBT for such period.

  • In the event that during the Incentive Term the Buyer terminates the employment of either Friedlander, Lawler, or Joel Xxxxxxx xxxhout "Cause" or such person resigns for "Good Reason" as defined in their Employment Agreements, Seller shall have a right to an equitable adjustment to the Target EBT to compensate Seller for any demonstrable adverse effect on its potential ability to achieve the Incentive Payment payable hereunder.

  • Bidco further acknowledges and agrees that additional Target Shares may be held by the Target EBT Trustee from time to time in relation to the Deferred Shares to the extent that dividends are declared by Target between the date of this Agreement, and Court Sanction, and such dividends are re-invested in Target Shares by the Target EBT Trustee in its capacity as bare trustee for and on behalf of the holders of Deferred Shares in accordance with the normal operation of the Annual Bonus Plan.

  • Buyer shall have the option to defer a certain portion of the Note Payments in the event EBT is less than $125,000 per fiscal quarter during the first two years following Closing ("Target EBT").


More Definitions of Target EBT

Target EBT means, (i) for the fiscal year ending June 30, 1999 - $13,300,000, (ii) for the fiscal year ending June 30, 2000 - $16,600,000, and (iii) for the fiscal year ending June 30, 2001 - (as determined by the Board of Directors)." Notwithstanding the "Target EBT" amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its sub sidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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Related to Target EBT

  • 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 Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • 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 Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

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

  • TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.

  • 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").

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • 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.

  • 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.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • 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.

  • 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;

  • 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 Assets means the types of assets invested in by the Company, subject to, and including any changes in, the Investment Guidelines.

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