Target Gross Profit definition

Target Gross Profit means (i) $7.637 million for the period beginning on the Closing Date and ending on the day before the first anniversary of the Closing Date; (ii) $7.828 million for the period beginning on the first anniversary of the Closing Date and ending on the day before the second anniversary of the Closing Date and (iii) $23.489 million for the period beginning on the Closing Date and ending on the day before the third anniversary of the Closing Date.
Sample 1Sample 2
Target Gross Profit for any fiscal year means the amount identified as Gross Profit on Sales (or similar term) in the Business Plan for such fiscal year.
Sample 1Sample 2
Target Gross Profit means Twelve Million Six Hundred Thousand Dollars ($12,600,000); provided, however, that if Purchaser causes the Company Entities to discontinue sales of any of the Company Products or reduce the marketing efforts with respect to any of the Company Products below the marketing efforts requirements set forth in 2.5(b)(iv) following the Closing and prior to December 31, 2018, then Target Gross Profit shall be proportionally reduced by the amount included in such Target Gross Profit amount that was attributable to the Company Products that was discontinued or for which marketing efforts were so reduced. For the avoidance of doubt, poor performance of a Company Product that is not due to a reduction in the marketing efforts for such Company Product below the marketing efforts requirements set forth in 2.5(b)(iv) and that results in a reallocation of resources to other Company Products, such reallocation to be determined in the reasonable discretion of Purchaser, shall not result in any reduction of Target Gross Profit.
Sample 1Sample 2

Examples of Target Gross Profit in a sentence

  • This means that the achievement of each of the Total Revenue Target, Gross Profit Target and Operating Expense Target shall not result in the payment of a bonus relating to such Corporate Target exceeding 12% of the Quarterly Individual Bonus Target in any quarter.

  • If the Gross Profit is greater than the Threshold Gross Profit Amount, the Gross Profit Earnout Consideration shall equal the product of (1) $50,000,000 times (2) a fraction, where the numerator equals the amount by which the Gross Profit exceeds the Threshold Gross Profit Amount and the denominator equals (a) the Target Gross Profit Amount minus (b) the Threshold Gross Profit Amount.

  • The Corporate Targets are weighted 10% for each of the Total Revenue Target, Gross Profit Target and Operating Expense Target, and 50% for the Net Income Target, for a total of 80% of the total bonus.

  • The quarterly gross profit bonus (“Quarterly Gross Profit Bonus”) will be determined by the following formula: Actual Company Quarterly Gross Profit X Target Gross Profit Bonus = Quarterly Gross Profit Bonus Annual Company Gross Profit Goal The Quarterly Gross Profit Bonus shall be paid quarterly, within 45 days after the end of each quarter.

  • The Executive shall not be entitled to amounts in excess of 150% of the Target Gross Profit Bonus in the aggregate for the 2007 calendar year.

  • The Escrow Agent need only rely on the Target Gross Profit Notice from the Company in this regard and notwithstanding anything to the contrary contained herein will disregard any contrary instructions.

  • The Corporate Targets are weighted 10% for each of the Total Revenue Target, Gross Profit Target and Operating Expense Target, and 40% for the Net Income Target, for a total of 70% of the total bonus.

  • Subject to the thresholds and maximums set forth below, twenty-five percent (25%) of the potential award will be based upon achievement of Target Adjusted EBITDA, fifty-five percent (55%) will be based upon Target Gross Profit, and twenty percent (20%) of the potential award will be based upon business unit and/or operating company TRIR.

  • Subject to the thresholds and maximums set forth below, eight percent (80%) of the potential award will be based upon achievement of Target Gross Profit, and twenty percent (20%) of the potential award will be based upon business unit and/or operating company TRIR.

  • The quarterly gross profit bonus (“Quarterly Gross Profit Bonus”) will be determined by the following formula: Actual Company Quarterly Gross Profit X Target Gross Profit Bonus = Quarterly Gross Profit Bonus Annual Company Gross Profit Goal For calendar year 2007, the Annual Company Gross Profit Goal equals $92,994,741.


More Definitions of Target Gross Profit

Target Gross Profit means, with respect to each Calendar Year, a dollar amount equal to the Gross Profit that would be realized by Distributor from aggregate Net Sales of the Product to Customers during such Calendar Year if Distributor’s Gross Profit Margin thereon was [***] percent ([***]%).
Sample 1Sample 2
Target Gross Profit has the meaning referred to in Section 2.2(b).
Sample 1
Target Gross Profit means Twelve Million Six Hundred Thousand Dollars ($12,600,000); provided, however, that if Purchaser causes the Company Entities to discontinue sales of any of the Company Products or reduce the marketing efforts with respect to any of the Company Products below the marketing efforts requirements set forth in 2.5(b)(iv) following the Closing and prior to December 31, 2018, then Target Gross Profit shall be proportionally reduced by the amount included in such Target Gross Profit amount that was attributable to the Company Products that was discontinued or for which marketing efforts were so reduced. For
Sample 1
Target Gross Profit means Twelve Million Six Hundred Thousand Dollars ($12,600,000); provided, however, that if Purchaser causes the Company Entities to discontinue sales of any of the Company Products or reduce the marketing efforts with respectto any of the Company Products below the marketing efforts requirements set forth in 2.5(b)(iv) following the Closing and prior to December 31, 2018, then Target Gross Profit shall be proportionally reduced by the amount included in such Target Gross Profit amount that was attributable to the Company Products that was discontinued or for which marketing efforts were so reduced. For the avoidance of doubt, poor performance of a Company Product that is not due to a reduction in the marketing efforts for such Company Product below the marketing efforts requirements set forth in 2.5(b)(iv) and that results in a reallocation of resources to other Company Products, such reallocation to be determined in the reasonable discretion of Purchaser, shall not result in any reduction of Target Gross Profit.
Sample 1
Target Gross Profit of a specific fiscal year shall mean the earnings generated from existing software and system integration business in China excluding any hardware sales revenue and any other revenue brought in by TWM; the earnings shall be before taxes indicated in the balance sheet, income statement and cash flow statement of Hurray! Times and/or any notes thereto of such fiscal year prepared (“Financial Statement”) by Hurray! Times. The formula should be: Target Gross Profit = US GAAP gross profit + reclassified operating expenses. The Financial Statements shall be prepared by an auditor engaged by Hurray! Times (“Auditor”) in accordance with the PRC GAAP and be converted by Hurray! Times on a consistent basis in accordance with the US GAAP. The converted version of Financial Statement shall be provided for Hurray Cayman to review. If there is any discrepancy, Hurray Cayman shall raise a written objection to TWM in ten (10) days as of the date of Hurray! Cayman’s receipt of such converted version of Financial Statement, and both parties shall negotiate it in an amicable way.
Sample 1
Target Gross Profit means $121,865,000.
Sample 1

Related to Target Gross Profit

  • 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.

  • Gross Profits means the gross profits calculated under section 4;

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

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • 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;

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Net Sales means [***].

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • 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.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • 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:

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • 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;

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • EBIT means earnings before interest and taxes.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • EPS means earnings per share.