Projected Financial Performance Sample Clauses

Projected Financial Performance. 29 VII. APPENDIX Form 10-K Dated December 28, 1997 Form 10-Q Dated April 19, 1998 Proxy Statement Dated July 17, 1998 SBARRO, INC. -------------------------------------------------------------------------------- I. EXECUTIVE SUMMARY -------------------------------------------------------------------------------- COMPANY DESCRIPTION Sbarro, Inc. ("Sbarro" or the "Company") was founded by the Sbarro family in 1959 and today is the leading operator and franchiser of quick service restaurants serving a wide variety of Italian specialties. Under the "Sbarro" and "Sbarro The Italian Eatery" names, the Company developed one of the first quick service concepts that extended beyond offering one primary specialty item (e.g., pizza or hamburgers) and also developed an exhibition kitchen where customers could watch the preparation of many of the Company's fresh food products. The Company's menu includes pizza, pasta and other hot and cold Italian entrees, salads, sandwiches, cheesecake and other desserts and beverages. As of July 12, 1998, the Sbarro system included 873 Company-operated and franchised restaurants with operations in 21 countries. For the last twelve months ended April 19, 1998, the Company generated systemwide sales of $476.6 million. Revenues and EBITDA for the same period were $351.5 million and $80.7 million, respectively. As of April 19, 1998, the Company's balance sheet contained no debt and cash and marketable securities of approximately $116.7 million. Since its inception, the Company has focused almost exclusively on high customer traffic venues to take advantage of the customer density and impulse nature of the customer purchase that such locations offer. The Company initially located its restaurant sites in Manhattan and then, with the rapid expansion of enclosed shopping malls in the 1970's, extended its concept into these facilities due to their similar high traffic characteristics. Over the past several years, the Company has expanded the Sbarro concept to new high traffic venues including toll roads and airports and has recently begun targeting sports arenas, hospitals, convention centers, university campuses and casinos. As of July 12, 1998, the Company owned and operated 626 restaurants and franchised 247 restaurants located in 48 states throughout the United States and 20 countries worldwide. The Company has demonstrated its ability to identify, develop and operate profitable restaurants and has increased its total restaurant base (inc...
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Related to Projected Financial Performance

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • POOR PERFORMANCE Authorized Users should notify NYSPro Customer Services promptly if the Contractor fails to meet the requirements of this Contract. Performance which does not comply with requirements or is otherwise unsatisfactory to the Authorized User should also be reported to Customer Services: Office of General Services Procurement Services Group 00xx Xxxxx Xxxxxxx Xxxxx Xxxxxx Xxxxx Xxxxx Xxxxxx, XX 00000 Customer Services Coordination E-mail: xxxxxxxx.xxxxxxxx@xxx.xx.xxx Telephone: (000) 000-0000 / Fax: (000) 000-0000

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Past Performance The Government will evaluate the contractor's performance on the NETCENTS-2 Orders provided in Exhibit B, CDRL B001. The PCO will determine the quality of the work performed based on an integrated assessment of data obtained in the Contractor Performance Assessment Reporting Systems (CPARS) and information obtained from Defense Contract Management Agency (DCMA) channels, interviews with customers, program managers and/or contracting officers for NETCENTS-2 task orders. Based on the contractor performance records above, the PCO will determine if there is an expectation that the contractor will successfully perform the required efforts under the unrestricted NetOps and Infrastructure Solutions contract.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Substantial Performance This Contract shall be deemed to be substantially performed only when fully performed according to its terms and conditions and any written amendments or supplements.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Performance Bonus In each calendar year of the Term of Employment, Executive shall be eligible to receive an annual incentive bonus (the “Annual Bonus”) payable in cash, pursuant to the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board), with a target Annual Bonus of at least 100% of his Base Salary. The Annual Bonus payable to Executive each year shall be determined and payable as soon as practicable after year-end for such year (but no later than March 15th). The Executive’s cash bonus for the stub period of 2017 will be determined in the reasonable business judgment of the Board or another committee of directors to whom such responsibility has been delegated by the Board. To be entitled to receive any Annual Bonus, except as otherwise provided in Sections 5(c) and 5(d), Executive must remain employed through the last day of the calendar year to which the Annual Bonus relates.

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