EBITDA Performance Goal Sample Clauses
The EBITDA Performance Goal clause sets a specific financial target based on a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) that must be achieved within a defined period. This clause typically applies to executive compensation plans, bonus structures, or loan agreements, where meeting or exceeding the EBITDA target can trigger incentive payments, vesting of equity, or compliance with financial covenants. Its core practical function is to align management or borrower performance with the company's financial health, ensuring that rewards or continued financing are tied to measurable profitability outcomes.
EBITDA Performance Goal. Within the first 90 days of each of the Company’s fiscal years Performance Period, the Committee shall establish the “Target” EBITDA performance goal for such fiscal year. At the end of the Performance Period, the cumulative EBITDA Performance for the Performance Period shall be calculated as a percentage of the cumulative EBITDA Target for the same period (the “2017-2019 EBITDA Performance vs. Target Percentage”). The number of Units that vest shall be based on the calculated 2017-2019 EBITDA Performance vs. Target Percentage as follows: Percentage of Units to vest: 50% 100% 200%
EBITDA Performance Goal. On or before March 15, 2013, the Compensation Committee shall determine whether Boise achieved $100 million of EBITDA in the 2012 fiscal year. If so, the performance goal shall be met, and dividend equivalents for special dividends shall be awarded and shall vest and be paid based on the terms of this Agreement, provided that any dividend equivalents which would otherwise have vested and been paid prior to March 15, 2013, shall vest and be paid as soon as practical after March 15, 2013. If not, no further dividend equivalents shall be awarded with respect to the shares subject to the Option on or after March 15, 2013, and any dividend equivalents awarded prior to March 15, 2013 shall be forfeited on March 15, 2013. No dividend equivalents subject to this performance goal shall vest or be paid before March 15, 2013.