EBITDA Targets Clause Samples
The EBITDA Targets clause sets specific financial performance benchmarks, typically based on earnings before interest, taxes, depreciation, and amortization, that a company must achieve within a defined period. These targets are often used in loan agreements, executive compensation plans, or earn-out provisions in mergers and acquisitions, where meeting or exceeding the EBITDA threshold can trigger bonuses, additional payments, or favorable loan terms. By establishing clear financial goals, this clause provides measurable criteria for performance evaluation and helps align the interests of stakeholders, while also offering a transparent mechanism for assessing compliance or entitlement to certain benefits.
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EBITDA Targets. Employee shall be entitled to receive a Performance Bonus with respect to a Performance Period if the applicable EBITDA target (the “EBITDA Target”) for such Performance Period has been met: • With respect to Performance Period 1, if EBITDA for such Performance Period equals or exceeds $30 million. • With respect to Performance Period 2, if total EBITDA for Performance Period 1 and Performance Period 2 equals or exceeds $60 million. • With respect to Performance Period 3, if total EBITDA for Performance Period 1, Performance Period 2 and Performance Period 3 equals or exceeds $90 million.
EBITDA Targets. 2.1 The EBITDA Target for Fiscal Year 2007 shall be $__________.
2.2 The EBITDA Target for Fiscal Year 2008 shall be $__________.
2.3 The EBITDA Target for Fiscal Year 2009 shall be $__________.
2.4 The EBITDA Target for Fiscal Year 2010 shall be $__________.
EBITDA Targets. For purposes of this Plan, the target earnings before interest, taxes, depreciation, amortization and bonus accruals under this Plan ("EBITDA") of the Company for each fiscal year shall be as follows: EBITDA Target Fiscal Year (in millions) 1999 $48.50 2000 $55.70 2001 $64.10 2002 $74.10 2003 $86.00 For purposes of this Plan, the actual EBITDA of the Company shall in each fiscal be determined on a consolidated basis with its parent, DESA Holdings, Inc., according to generally accepted accounting principles consistently applied, and shall be derived from the audited, consolidated financial statements of DESA Holdings, Inc. for such fiscal year. In the event that the Company or DESA Holdings, Inc. should make an acquisition or disposition of a material business, this Plan may be adjusted or revised, or a separate plan may be established for such acquired business, all as provided in Participants' employment agreements.
EBITDA Targets. Fiscal Year FY1 FY2 ▇▇▇ ▇▇▇ EBITDA Target TBD 1 TBD 1 TBD 1 TBD 1 % Eligible SARs2 Vesting 100% 80% 60% 40% 20% 0%
EBITDA Targets. The Minimum One-Year Target, One-Year Target and Maximum One-Year Target are set forth in the table below: Year Minimum One-Year Target (in millions) One-Year Target (in millions) Maximum One-Year Target (in millions) 2014 $241.2 $278.0 $333.6 The Minimum Two-Year Target, Two-Year Target and Maximum Two-Year Target are set forth in the table below: Year Minimum Two-Year Target (in millions) Two-Year Target (in millions) Maximum Two-Year Target (in millions) 2014-2015 $514.9 $600.0 $720.0 The Minimum Cumulative Target, Cumulative Target and Maximum Cumulative Target are set forth in the table below. Year Minimum Cumulative Target (in millions) Cumulative Target (in millions) Maximum Cumulative Target (in millions) 2014-2016 $833.7 $975.0 $1,170.0
EBITDA Targets. The Seller shall be entitled to receive from the Buyer cash amounts as follows:
(i) A cash amount of up to five million four hundred and fifty thousand dollars ($5,450,000) (“First Tranche Earn Out Payment”) the exact amount of which is to be determined in accordance with the targets set forth in Annex A hereto on the basis of C2C and the Evocomm Business achieving the consolidated EBITDA targets set forth in Annex A during the first twelve (12) full calendar months commencing on March 1, 2010 (the “First Earn Out Measurement Period”); and
(ii) A cash amount of up to five million four hundred and fifty thousand dollars ($5,450,000) (“Second Tranche Earn Out Payment”, the Second Tranche Earn Out Payment and the First Tranche Earn Out Payment, each an “Earn Out Payment”) the exact amount of which is to be determined in accordance with the targets set forth in Annex A hereto on the basis of C2C and the Evocomm Business achieving the consolidated EBITDA targets set forth in Annex A during the twelve (12) full calendar months commencing on March 1, 2011 (the “Second Earn Out Measurement Period”).
EBITDA Targets. Executive acknowledges that the Plans for 2002 and 2003, including the EBITDA Targets therein, will be fixed by the CEO in accordance with the Incentive Compensation Policy and that the sum of the EBITDA Targets for 2001, 2002 and 2003 may exceed, in the CEO's sole discretion, $45 million. Subject to the Incentive Compensation Policy, the Bonus for years after 2001 will be based at least eighty percent (80%) on EBITDA with the balance based on such other criteria as the CEO may, in his sole discretion, elect.
EBITDA Targets. (dollars in millions)
EBITDA Targets. Notwithstanding anything herein to the contrary, to the extent Steel Media does not achieve the Year-One EBITDA Target (as defined in the SPA) and the Year-Two EBITDA Target (as defined in the SPA), then the Annual Bonus shall not be paid to the Executive for the applicable period.
EBITDA Targets. The EBITDA targets (the “EBITDA Targets”) and each of their associated Earnout Payments are set forth below: $2,000,000 $1,000,000 $2,200,000 $1,000,000 $2,400,000 $1,000,000 $2,600,000 $666,667 $2,800,000 $666,667 $3,000,000 $666,666 Earnout Payments will only be earned one time for each EBITDA Target. Accordingly, if the Company achieves EBITDA of $2,400,000 for an EBITDA Calculation Period, it will receive an Earnout Payment of $3,000,000. If in the following EBITDA Calculation Period the Company achieves EBITDA of $2,200,000, there will be no Earnout Payment for that EBITDA Calculation Period, or if in the following EBITDA Calculation Period, the Company achieves EBITDA of $2,800,000, there will be an additional Earnout Payment for that EBITDA Calculation Period of $1,333,334.00.