EBIT Percentage definition

EBIT Percentage means actual EBIT for the Plan Year divided by Target EBIT.
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EBIT Percentage means a percentage computed by dividing (i) net income plus (a) interest expense and (b) income taxes, as each such amount is reported on the Company’s audited or, if the Committee so determines, unaudited Consolidated Statement of Operations for such Fiscal Year (but, in the case of each of the amounts described in clauses (a) and (b), only to the extent such amount was deducted in computing net income for such Fiscal Year), by (ii) Sales. In the sole discretion of the Committee, EBIT Percentage may also be adjusted by adjusting net income to eliminate (i) the costs of acquiring an ownership interest in any entity during such Fiscal Year, (ii) the operating results of such acquired entities for such Fiscal Year, (iii) losses on the impairment of intangible assets or goodwill, (iv) deductions relating to depreciation and amortization and (v) stock-based compensation expense (but, in the case of each of the amounts described in clauses (i) through (v), only to the extent such amount was taken into account in arriving at net income for such Fiscal Year). In addition to the foregoing, in the sole discretion of the Committee, EBIT Percentage may also be adjusted to account for the amount, if any, by which the aggregate amount accrued for payment of Bonuses to all Participants for such Fiscal Year exceeds or is less than the actual amounts of Bonus to be paid to all Participants for such Fiscal Year.
Sample 1
EBIT Percentage means EBIT divided by revenues as determined in accordance with GAAP. Except as may be mutually agreed to by Buyer and Seller, revenue and earnings shall be recognized by Buyer in accordance with Parent's revenue recognition policy and generally accepted accounting principles as applied by Parent, consistent with its past practices. Parent's determination of if and to what extent the Contingent Payments have been earned, including whether revenue has been collected and recognized and is attributable to the Buyer, and the appropriate EBIT Percentage for a Contingency Period, will be made by the Parent's auditors, who shall conduct an audit of Buyer immediately following the end of each Contingency Period. Parent's auditors shall make their determinations in accordance with generally accepted accounting principles as applied by Parent consistent with its past practice. Subject to Seller's right to dispute the matter, Parent may claim as a defense to or an offset against the payment of a Contingent Payment, the economic effect on the Business from any changes Parent believes constitutes a breach of the covenant set forth in Section 3.6 of the Agreement. A written copy of the audited results of the Buyer shall be given to Seller. Parent agrees to make its financial statements and any supporting information relevant to its auditors' determination of a Contingent Payment available to auditors employed by Seller or Founders. Auditors employed by Xxxxx Xxxxxxx shall also be afforded access to Parent's auditors' work papers, audit programs and other documents upon the execution of a standard release provided by Parent's auditors. Parent shall notify Seller of its determination of a Contingent Payment due, if any, not later than 75 days from the last day of a Contingency Period. If Seller does not object to Parent's determination of a Contingent Payment, Parent shall make such payment within 10 days of the notification. In the event Seller objects to Parent's determination, Seller (or its successors) shall notify Parent in writing of such objection within the 20 day period following the delivery of Parent's determination, stating in such written objection the reasons therefor and setting forth Seller's calculation of the Contingent Payment. Upon receipt by Parent of such written objection, (i) Parent shall pay to the Seller, within 10 days, the undisputed portion of the Contingent Payment due, if any, and (ii) the parties shall attempt to resolve the disagreement co...
Sample 1

Examples of EBIT Percentage in a sentence

  • As summarized in Table 12 of Aronow’s report, (PX 114, at 28), this involves first multiplying the total lost sales ($11,507,000) by 4.9% (the Estimated Incremental EBIT Percentage), and arriving at an Estimated Incremental EBIT of $563,843.

  • If a project is ‘business as usual’ and stands up in its own right (e.g. generates enough other benefits to pay for itself without emissions reductions funding), or was going ahead anyway (perhaps because it was a statutory obligation) then it does not demonstrate additionality and does not qualify.

  • Prior to the beginning of each Fiscal Year the Committee will establish, based upon the recommendation of the Chief Executive Officer, targets for EBIT Percentage and Sales for the ensuing Fiscal Year (the “EBIT Percentage Targets” and “Sales Targets”, respectively) and the applicable percentages of Bonus Opportunity related to the Company’s attainment of such targets.

  • The Payout Percentage shall be the sum of the EBIT Percentage and the Net Income Percentage.

  • Calculate the EBIT Percentage for the Participant’s primary Funding Source.

  • The amount of the Bonus will be dependent upon the combination of the EBIT Percentage Target and the Sales Target attained by the Company.

  • Calculate the EBIT Percentage for the next higher Company organizational level for that Participant.1 If the Participant’s primary Funding Source is the Company, use only the EBIT Percentage for the Company.

  • Once there is a likelihood that the EBIT Percentage of the Group for 4 consecutive quarters will reach 3% or more, the internal control unit will report to the management immediately.

  • Percentage Change in EPS OR EBIT Percentage Change in EBIT EBT These financial tools help the research study to reach the conclusion by the analysis of the dynamics of the variables in the capital structure.

  • Internal control procedures Royalties The Group is only required to pay royalty if the EBIT Percentage of the Group for the previous 4 consecutive quarters is 3% or more.

Related to EBIT Percentage

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

  • Investment Percentage means a percentage established for each Partner on the Partnership's books as of the first day of each Fiscal Period. The Investment Percentage of a Partner for a Fiscal Period will be determined by dividing the balance of the Partner's Capital Account as of the commencement of the Fiscal Period by the sum of the Capital Accounts of all of the Partners as of the commencement of the Fiscal Period. The sum of the Investment Percentages of all Partners for each Fiscal Period will equal 100%.

  • Relevant Percentage means, in respect of any Subsidiary Issuer, the percentage as specified in the relevant Pricing Supplement;

  • Revolver Percentage means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount of the Aggregate Commitment actually disbursed and outstanding to Borrower by such Lender at such time, and the denominator of which is the total amount of the Aggregate Commitment disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

  • Non-PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon. As to any Non-Discount Mortgage Loan, 100%.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • Final Payment Percentage is five percent (5.00%).

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Constant Percentage 2 means 100%;

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.