Financial Goals. The Holders' receipt of the Escrowed Shares shall be subject to Surviving Corporation's achievement of a minimum aggregate Gross Profit (i.e., GROSS PROFIT: the difference between net sales and the cost of goods sold) from Designated Business between the first day of the calendar month following the execution of this Agreement and the first anniversary of such date (the "Measurement Period"), of $5,000,000. For purposes of this measurement, Gross Profit is calculated on the gross revenues accrued from Designated Business during the Measurement Period under generally accepted accounting principles, applied on a basis consistent with the accounting practices applied to generate the Company's reviewed financial statements for the year ending December 31, 2001.
Financial Goals. Subject to the accelerated vesting provisions of Section 2.5, the RSU Award and the Restricted Stock Units may become vested and nonforfeitable upon the satisfaction of goals relating to the Corporation’s Modified EBITDA as of the expiration of the applicable Restriction Period, as follows:
Financial Goals. 1. OP submits a complete annual financial report and data submitted to the District within 180 days following the end of the fiscal year.
Financial Goals. For purposes of determining the vesting of, and the payment, if any, to be made with respect to, the Performance Units, the Financial Goals for the Performance Units are based on two independent and alternative metrics: (1) AEBITDA, and (2) Consolidated Revenue. The actual number of Performance Units that may be earned by the Holder will be determined as described below, based upon the actual results for the 2020 Performance Period: Metric(1) Weighting Threshold Target Maximum Consolidated Revenue 50% $205,361 $256,701 $320,876 Consolidated AEBITDA(2) 50% $37,974 $42,193 $52,741 Performance Factor Applied to each metric separately 25% 100% 250%
Financial Goals. Achievement of financial goals will be determined by the Board of Directors, in its discretion, and may represent up to 75% of the total bonus amount. • Improving the cash position of the Company relative to 2002 • Improving the EBITDA of the Company relative to 2002 • Compliance with senior loan agreement leverage ratios throughout 2003
Financial Goals. Allegro Rainbow Projected Total Assets 0 Year 1 Year 2 Year 3 Allegro Rainbow Projected Revenues 30 20 15 10 5 0 Year 1 Year 2 Year 3 Allegro Rainbow Projected Net Income 3 1 0 Year 1 Year 2 Year 3 Allegro Rainbow Projected Ending Cash Balance 2 0 Year 1 Year 2 Year 3 Assets (in million $) Net Income (in million $) Revenues (in million $) Cash (in million $) Allegro Rainbow projects to have a net income of $ 914,985 in its first year of operation, $ 3,162,639 in the second year, and $ 6,430,336 in the third year. The following graphs show the revenues, profits and ending cash balances of the first three years of operation. More detailed numbers are in the Financial Projections section of this document and also in the Appendix 1 of the Business Plan.
Financial Goals. On or before sixty (60) days prior to the end of each fiscal year, the Board shall meet for the purpose of preparing the Company’s financial goals for the upcoming fiscal year. The Board shall finalize and approve such financial goals within thirty (30) days prior to the end of the fiscal year or treat the failure to reach agreement as an event of deadlock.
Financial Goals. The Escrow Shares are to be released by the Escrow Agent to Holders when and if the Company, as a division of Fluid Systems after Closing ("Surviving Division"), meets or exceeds the financial goals as detailed on Exhibit 4.1 hereto (hereinafter, the "Financial Goals") measured for performance for the time period commencing May 1, 2002, and ending April 30, 2003 (the "Measurement Period"). If the Surviving Division meets the Financial Goals during the Measurement Period (as measured at the end of the Measurement Period), then the Escrow Agent shall release the Escrow Shares to Holders. If the Surviving Division does not meet the Financial Goals by the end of the Measurement Period, then the Escrow Agent shall release the Escrow Shares to KHC. At all times during the Measurement Period, Fluid Systems shall keep separate statements and records for the Surviving Division to facilitate the clear and convenient measurement of the Financial Goals.
Financial Goals. The Escrow Shares are to be released by the Escrow Agent to Holders when and if the Company, as a division of Fluid Systems after Closing ("Surviving Division"), meets or exceeds the financial goals as detailed on Exhibit 4.1 hereto (hereinafter, the "Financial Goals")
Financial Goals. The remaining 50% of the total bonus amount may be determined by the Board of Directors, in its discretion, based upon the achievement of financial goals related to: • Improving the cash position of the Company relative to 2002 • Improving the EBITDA of the Company relative to 2002 • Compliance with senior loan agreement leverage ratios throughout 2003
