Targeted EBITDA shall have the meaning set forth in the AIP with respect to the Company (and its affiliates).
Targeted EBITDA means the total targeted annual EBITDA established by HMA’s Board of Directors as reflected in its approved profit plan for the First Grant Year and, if applicable, the Second Grant Year.
Targeted EBITDA means (i) for the 12-month period commencing on the Closing Date, if the Closing Date shall be on the first day of a month, or otherwise for the 12-month period commencing on the first day of the month following the month during which the Closing shall occur, and (ii) for each 12-month period thereafter (each full 12-month period, including the initial period described in clause (i), a "Measurement Period"), Targeted EBITDA of the Company as set forth in the Five-Year Plan, subject to the following adjustments: (x) Targeted EBITDA shall be reduced (but not increased) as at the end of any Measurement Period if subsidiaries or assets specifically identified in the Five-Year Plan to be disposed of or closed during such period shall not have been disposed of or closed, such reduction to be in an amount equal to the extent to which the aggregate actual EBITDA of such assets or subsidiaries during such Measurement Period is negative (net of any positive actual EBITDA of any such assets or subsidiaries), and if such assets or subsidiaries are not disposed of or closed within 12 months following the date projected in the Five-Year Plan for such disposition or closure, Targeted EBITDA in respect of such 12-month period shall be reduced (but not increased) in an amount equal to the extent to which the aggregate actual EBITDA of such assets or subsidiaries during such 12-month period is negative (net of any positive actual EBITDA of any such assets or subsidiaries), (y) Targeted EBITDA shall be reduced (but not increased) as at the end of any Measurement Period if expansions and acquisitions specifically identified in the Five-Year Plan to be made during such period shall not have occurred during such period, such reduction to be in an amount equal to the amount of EBITDA specifically identified in the Five-Year Plan as being associated with such expansions and acquisitions (net of any positive actual EBITDA during such Measurement Period from expansions and acquisitions that were not specifically identified in the Five-Year Plan), and (z) Targeted EBITDA shall be reduced by an amount equal to 25% of the projected expense savings that are specifically identified in the Five-Year Plan.
Examples of Targeted EBITDA in a sentence
Targeted EBITDA shall be equal to EBITDA adjusted by adding back advanced and deferred rent, amortization of stock options and other noncash items and all costs related to the acquisition and refinancing of the Company in 2004.
Employer and Executive wish to amend Exhibit A of the Agreement with respect to Targeted EBITDA and Targeted Cap-Ex for the Fiscal Years Ended July 2, 1999, and June 30, 2000, only.
The original documents shall be promptly 32 delivered, if requested.
If EBITDA for such year exceeds 100% of Targeted EBITDA, then for purposes of clause (i) it shall be deemed to be 100%.
In the event that all or any portion of the total amount of the Cash Performance Award is not deemed Earned Cash Amount because HMA achieved less than 100% of the Targeted EBITDA for the First Grant Year, the portion that is not deemed Earned Cash Amount based on the achievement by HMA of the EBITDA Requirement during the First Grant Year will be carried over to the Second Grant Year and will be eligible for vesting and payment if 100% or more of the Targeted EBITDA for the Second Grant Year is achieved.
More Definitions of Targeted EBITDA
Targeted EBITDA means the amount of EBITDA determined by the Administrator with respect to a particular Plan Year and used in the determination of Employer Allocations described in Section 3.1.2.
Targeted EBITDA means an amount recommended by the management of Company and approved by a majority vote of the compensation committee of the Board; provided, however, in no event shall the Targeted EBITDA for any Calculation Period exceed the EBITDA target for the same Calculation Period established pursuant to the terms of that certain Financial Advisory Agreement, dated November 12, 1997, between Company and Bakex Xxxital Corp.
Targeted EBITDA shall have the meaning set forth in Exhibit A of this Agreement.
Targeted EBITDA means: (i) with respect to the period ending April 30, 1998, $21,700,000, and (ii) with respect to each calculation period ending thereafter, an amount determined by a majority vote of the Compensation Committee of the board of directors of the Company. In no event shall the Targeted EBITDA for any period exceed the EBITDA target for the same period established pursuant to the terms of the Employment Agreement between the Company and Roy X. Xxxxx. Xhe EBITDA Fee
Targeted EBITDA means, for any Grant Year, the total targeted EBITDA established by HMA’s Board of Directors prior to the commencement of a Grant Year and reflected in its approved profit plan for such Grant Year.
Targeted EBITDA for any fiscal year shall be as set forth in the annual budget for such fiscal year prepared by management of the Company (including the Executive) and approved by the Board. All determinations of EBITDA hereunder shall be made by the Company's independent public accountants, which determinations shall be final, binding and conclusive on the Executive and the Company, absent clear mistake or other manifest error.
Targeted EBITDA means $286,700,000.