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 $__________.
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 XX0 XX0 EBITDA Target TBD 1 TBD 1 TBD 1 Partial Vesting Schedule Actual EBITDA (% of Budget) 100%+ 99.0% - 99.9% 98.0% -98.9% 97.0% - 97.9% 96.0% - 96.9% < 96.0% % Eligible SARs2 Vesting 100 % 80 % 60 % 40 % 20 % 0 %
EBITDA Targets. Subject to, and in accordance with, the terms of this Section 2.05, Parent shall pay or cause to be paid to the Company Stockholders additional payments, calculated as follows:
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) Measurement Years Target EBITDA Cumulative Target EBITDA 90% of Target EBITDA 90% of Cumulative Target EBITDA Eligible Shares 2007 $181.9 $181.9 $163.7 $163.7 25% of Restricted Shareholder Stock 2008 $214.1 $396.0 $192.7 $356.4 25% of Restricted Shareholder Stock 2009 $230.0 $626.0 $207.0 $563.4 25% of Restricted Shareholder Stock 2010 $255.0 $881.0 $229.5 $792.9 25% of Restricted Shareholder Stock The minimum Target EBITDA numbers set forth above shall be equitably adjusted by the Board for acquisitions and dispositions made by the Company (whether by purchase or sale of assets or stock, merger, consolidation or otherwise), including adjustments for the acquisition of Xxxxxxx Canada Inc. and the disposition of Sleep Country USA, Inc., and such adjustments may take into account the pro forma annual Consolidated Adjusted EBITDA of any acquired business, as determined by the Board. At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the “Eligible Shares”). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.
EBITDA Targets. S&W shall deliver to the Stockholders’ Representative, on behalf of the USR stockholders, based upon their proportionate ownership of USR Common Stock at the Effective Time, additional shares of S&W Common Stock, less (A) shares delivered for the year ending December 31, 2009 pursuant to Section 1.1(j)(i), and (B) the Additional Stock Portion delivered pursuant to Section 1.1(i)(i), if any, if the EBITDA of the Surviving Corporation for the year ending December 31, 2010 is at one of the following levels, provided that if the calculation of the additional shares pursuant to this Section 1.1(j)(ii) would be a negative number, then no additional shares of S&W Common Stock shall be delivered pursuant to this Section 1.1(j)(ii). EBITDA (in millions) Additional Shares $12.00 to $12.99 2,856,000 $13.00 to $13.99 3,264,000 $14.00 to $14.99 3,672,000 $15.00 or more 4,080,000 (iii) Earn-Out Procedure. Up to 4,080,000 shares of S&W Common Stock delivered pursuant to this Section 1.1(j) shall be the “Earn-Out Merger Consideration,” and together with the Effective Time Merger Consideration, the “Merger Consideration.” The Earn-Out Merger Consideration will be distributed as set forth as in this Section 1.1(j)(iii):
EBITDA Targets. If the Company's EBITDA equals or exceeds $16.75 million for Foodbrands' fiscal year ("FFY") 1996 (the "'96 Target"), $19.45 million for FFY 1997 (the "'97 Target"), or $21.35 million for FFY 1998 (the "'98 Target"), the Contingent Purchase Price shall be earned, subject to Section 2.05(e), on the following basis:
