Target Profit definition

Target Profit or "TP" means, in relation to: (a) any PBF Assessment Period beginning on 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in the profit and loss accounts included in the Annual REFERENCE (CLAUSE/PARAGRAPH/SCHEDULE) AMENDMENT Business Plan, expressed as a positive number; and (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non- Recoverable Costs or forecast Disallowable Costs) included in the Annual Business Plan, expressed as a negative number; and (b) any PBF Assessment Period beginning on any date other than 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in the profit and loss accounts included in the Quarterly Financial Information, expressed as a positive number; and (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non- REFERENCE AMENDMENT (CLAUSE/PARAGRAPH/SCHEDULE) Recoverable Costs or forecast Disallowable Costs) included in the Quarterly Financial Information, expressed as a negative number;
Sample 1Sample 2
Target Profit or "TP" means, in relation to any PBF Assessment Period beginning on 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the Final PBF Assessment Period set out in the profit and loss accounts included in the Annual Business Plan, expressed as a positive number; and (ii) all forecast items of Cost falling within the Final PBF Assessment Period (excluding any Capital Expenditure, forecast Non- Recoverable Costs or forecast Disallowable Costs) included in the Annual Business Plan, expressed as a negative number;
Sample 1
Target Profit means that amount of Year 1 Agency Profit, Year Agency Profit which would eliminate any Year 1 Purchase Adjustment, Year 2 Purchase Adjustment, Year 3 Purchase Adjustment, Year 4 Purchase Adjustment and Year 5 Purchase Adjustment, respectively, which for each such Year is as follows: Year 1 $ 875,000 Year 2 $1,000,000 Year 3 $1,150,000 Year 4 $1,325,000 Year 5 $1,525,000
Sample 1

Examples of Target Profit in a sentence

  • If the 2017 Actual Profit is less than 80% of 2017 Target Profit, the Purchaser may exercise its redemption right in accordance with the Restated Articles.

  • If during the currency of this Agreement any financial period of the Company shall have a duration other than 365 days (or 366 days in the case of a leap year) the Target Profit shall be adjusted in the same proportion as the number of complete days of the financial period bears to 365.

  • Subject to the following provisions the Executive's entitlement to a bonus under clause 5.1.4 for each complete financial period of the company during the currency of this Agreement commencing 1st July 2000 is 5 per cent of the amount by which the PBT (as defined below) exceeds (pound)310,000 ("Target Profit") of the Company and the Subsidiary.

  • The rights to receive distributions in respect of any Series of Certificates will be forfeited unless claimed within periods of ten years (in the case of Maturity Amounts and Dissolution Amounts) and five years (in the case of Target Profit Amounts) from the Relevant Date in respect thereof.

  • Where TSP = Target Selling Price, TPM = Target Profit Margin and TC= Target cost also known as the allocateable.

  • The Parties shall agree, through the Finance Sub-Committee, on an appropriate mechanism to achieve the Target Profit Split based on the principles set forth in Section 9.2(a) above.

  • In the event the 2006 Net Profit is not equal to or greater than 90% of the 2006 Target Profit, the Company agrees to issue a number of additional shares of Common Stock to the Investors (the "2006 Performance Shares") pro rata in accordance their original investment holdings as set forth on Exhibit C.

  • NON-FULFILMENT OF PERFORMANCE GUARANTEE FOR 2019 Based on the audited consolidated financial statements of the Target for the financial year ended 31 December 2019, the Target Group did not meet the Target Profit for such year.

  • The Target Profit Goal shall be computed before deducting any amounts expensed for taxes, payments under the Company's annual profit-sharing incentive bonus program and charitable contributions.

  • The Company hereby represents to the Investors that the Company's after Tax Net Profit on a consolidated, pro forma basis, as reported under GAAP and as prepared by an accounting firm acceptable to the Investors ("2006 Net Profit") for the fiscal year ending 2006 shall be no less than $10,700,000 (the "2006 Target Profit").


More Definitions of Target Profit

Target Profit or "TP" means, in relation to: (a) any PBF Assessment Period beginning on 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in the profit and loss accounts included in the ICWC Section of the Annual Business Plan, expressed as a positive number; and Withdrawn March 2024 REFERENCE (CLAUSE/PARAGRAPH/SCHEDULE) AMENDMENT (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any XXXX Capital Expenditure, forecast Non-Recoverable Costs or forecast Disallowable Costs) included in the ICWC Section of the Annual Business Plan, expressed as a negative number; and (b) any PBF Assessment Period beginning on any date other than 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in the profit and loss accounts included in the ICWC Section of the Quarterly Financial Information, expressed as a positive number; and (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any XXXX Capital Expenditure, forecast Non-Recoverable Costs or forecast Disallowable Costs) Withdrawn March 2024 REFERENCE AMENDMENT (CLAUSE/PARAGRAPH/SCHEDULE) included in the ICWC Section of the Quarterly Financial Information, expressed as a negative number;
Sample 1
Target Profit or “TP” means in relation to:
Sample 1
Target Profit is defined in Section 3.1(e).
Sample 1
Target Profit means RMB 50,000,000 for the fiscal year ending on December 31 of 0000, XXX 100,000,000 for the fiscal year ending on December 31 of 2005 (provided that any amount of after tax profit for the year of 2004 exceeding RMB 50,000,000 shall be deducted from such Target Profit for year 2005) and RMB 150,000,000 for the fiscal year ending on December 31 of 2006 (provided that any amount of after tax profit for the year of 2004 and 2005 exceeding RMB 150,000,000 shall be deducted from such Target Profit for year 2006); Actual Profit of a year means profit after tax (audited) as determined pursuant to this Agreement. For the purpose of this Clause, the Auditor shall be appointed within 5 days after December 31 of each year of 2004, 2005 and 2006. Such Auditor shall do the auditing of the Company for the fiscal year of 2004, 2005 and 2006 to determine the profit after tax of the Company.
Sample 1
Target Profit has the meaning ascribed to it in Clause 6.1;
Sample 1
Target Profit or "TP" means, in relation to: (a) any PBF Assessment Period beginning on 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in the profit and loss accounts included in the Annual Business Plan, expressed as a positive number; and (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non- Recoverable Costs or forecast Disallowable Costs) included in the Annual Business Plan, expressed as a negative number; and (b) any PBF Assessment Period beginning on any date other than 1 April of any year, the aggregate of: (i) all forecast items of Revenue falling within the relevant PBF Assessment Period set out in (CLAUSE/PARAGRAPH/SCHEDULE) the profit and loss accounts included in the Quarterly Financial Information, expressed as a positive number; and (ii) all forecast items of Cost falling within the relevant PBF Assessment Period (excluding any Capital Expenditure, forecast Non- Recoverable Costs or forecast Disallowable Costs) included in the Quarterly Financial Information, expressed as a negative number;
Sample 1

Related to Target Profit

  • 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.

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

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

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • 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.

  • 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 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;

  • 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.

  • 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;

  • EPS means earnings per share.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • 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.

  • 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.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Goal means the intended or projected result of a comprehensive corrections plan or community corrections program to reduce prison commitment rates, to reduce the length of stay in a jail, or to improve the utilization of a jail.

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • 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").

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

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

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

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

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

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

  • 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.