Earnings Multiple definition

Earnings Multiple means the quotient obtained by dividing the Appraised Value of the Partnership by the arithmetic average of the annual after-tax income of the Partnership determined in accordance with GAAP (as reduced by the Limited Partner Allocation) for the three Fiscal Years immediately preceding the calculation of the Capitalized Limited Partner Allocation (as determined from the Partnership's regularly prepared financial statements, but assuming that the Partnership paid corporate tax on such income at a rate equal to the Tax Rate for each such Fiscal Year), provided that the Earnings Multiple shall never be less than 5 nor more than 15.

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Earnings Multiple means, as of any date of determination, Pro Forma EBITDA times three (3)."

Earnings Multiple means, as of any date of determination, Pro Forma EBITDA times two and one-quarter (2.25).

Examples of Earnings Multiple in a sentence

For example, if the Company’s EPS Compound Annual Growth Rate (CAGR) from fiscal year 2005 to fiscal year 2007 is at the 70th %ile relative to the companies in the S&P500 Healthcare Index, an Earnings Multiple of 1.5 will be applied to the Target Performance Shares to calculate the Vested Shares.
At the end of the Performance Period, the Vested Shares will be calculated based on the product of the Target Performance Shares, the Pro Ration Factor and the Earnings Multiple.
At the end of the Performance Period, the Vested Shares will be calculated based on the product of the Target Performance Shares, the Severance Pro Ration Factor and the Earnings Multiple.
At the end of the Performance Period, the Vested Shares will be calculated based on the product of the Target Performance Shares, the Voluntary Termination Pro Ration Factor and the Earnings Multiple.
The Company’s results will then be compared to that of the Comparator Peer Group and, based on the Company’s relative position in this array; Vested Shares will be awarded based upon the following formula: Greater Than or Equal to 80th%ile 2 x Target Performance Shares = Vested Shares Equal to 50th %ile 1 x Target Performance Shares = Vested Shares Less Than or Equal to 20th %ile 0 x Target Performance Shares = 0 Shares *Intermediate Performance and resulting Earnings Multiple will be interpolated.
The Company’s results will then be compared to that of the Comparator Peer Group and, based on the Company’s relative position in this array; Vested Shares will be awarded based upon the following formula: Greater Than or Equal to 85th%ile 2 x Target Performance Shares = Vested Shares Equal to 55th%ile 1 x Target Performance Shares = Vested Shares Less Than or Equal to 25th%ile 0 x Target Performance Shares = 0 Shares *Intermediate Performance and resulting Earnings Multiple will be interpolated.
For example, if the Company’s EPS Compound Annual Growth Rate (CAGR) from the Baseline to the end of the Performance Period (the end of fiscal year 2009 is at the 65th %ile relative to the companies in the S&P500 Healthcare Index, an Earnings Multiple of 1.5 will be applied to the Target Performance Shares to calculate the Vested Shares.
The Company’s results will then be compared to that of the Comparator Peer Group and, based on the Company’s relative position in this array; Vested Shares will be awarded based upon the following formula: Greater Than or Equal to 85th%ile 2 x Target Performance Shares = Vested Shares Equal to 55th %ile 1 x Target Performance Shares = Vested Shares Less Than or Equal to 25th %ile 0 x Target Performance Shares = 0 Shares *Intermediate Performance and resulting Earnings Multiple will be interpolated.
If no Peer Group Companies remain, then the Earnings Multiple shall be determined by the Board of Directors in good faith, using such measure of value as it deems appropriate to carry out the purpose and intent of this Agreement.
If no such replacement is designated, then the Earnings Multiple shall be determined with reference to the remaining Peer Group Companies.

More Definitions of Earnings Multiple

Earnings Multiple means the aggregate purchase price in the event of an Asset Sale or Stock Sale, the aggregate amount of cash or the aggregate amount of cash and the value of securities received by the holders of the corporation’s equity securities in a Merger, divided by the Trailing Twelve-Month EBIDAT, all as determined in accordance with generally accepted accounting principles consistently applied.

Earnings Multiple means, as of any date of determination, Pro Forma EBITDA, excluding income from investments and deposits, times two (2.00).

Earnings Multiple. Fully Diluted Basis", for purposes of determining the Book Value or the Share Value, includes all outstanding Stock and all shares of Common Stock issuable pursuant to securities exercisable for, convertible into or exchangeable for shares of Common Stock and all other shares of Common Stock which have been reserved for issuance pursuant to the ENTEX Information Services, Inc. Share Plan.

Earnings Multiple means a multiple of seven (7).