Adjusted EBITDA Margin definition
Examples of Adjusted EBITDA Margin in a sentence
All PRSUs that do not become Actual PRSUs shall be cancelled and be null and void on the date the Committee calculates the Adjusted EBITDA Margin for the Performance Period, which shall occur within sixty (60) days of the end of the Performance Period (the “Calculation Date”).
Except as otherwise set forth in this Agreement or in the Plan, the Actual PRSUs (as determined in accordance with the Adjusted EBITDA Margin Table) shall vest on the Vesting Date.
Subject to the terms and conditions set forth herein, the Company hereby grants to the Grantee ______ (the “Target Number”) PRSUs. The Committee will determine the number of PRSUs at the end of the Performance Period (“Actual PRSUs”) in accordance with the Adjusted EBITDA Margin Table attached hereto as Schedule I (the “Adjusted EBITDA Margin Table”), which Actual PRSUs will be subject to additional time-based vesting.
To the extent the 2025 Adjusted EBITDA Margin is greater than 8.00%, the “2025 Adjusted EBITDA Margin Component” will be equal to the Number of PSUs multiplied by the Adjusted EBITDA Margin Performance Multiplier associated with such 2025 Adjusted EBITDA Margin, and further multiplied by a weighting of 23 1/3%, rounding up to the nearest whole number of shares.
Following the completion of the Company’s annual financial statements for the fiscal year ending December 31, 2027, the Company will calculate Adjusted EBITDA Margin for the fiscal year ending December 31, 2027 (“2027 Adjusted EBITDA Margin”).