Financial Targets definition
Examples of Financial Targets in a sentence
The Financial Targets shall be subject to approval by the Compensation Committee of the Board.
The Administrator shall make the determination as to whether the Financial Targets for an Applicable Year have been met and shall determine the extent, if any, to which the Performance Options have become vested and exercisable as soon as reasonably practicable following the last day of the Applicable Year, with the expectation that such determination will be made within 45 days following the last day of such Applicable Year (the actual date of such determination, the “Performance Determination Date”).
Upon the acquisition of a business unit or line of business, the Financial Targets will be adjusted to reflect the anticipated impact of the transaction during the performance period in accordance with management estimates as communicated to the Board of Directors (or a committee thereof) in support of the acquisition approval request, including any related interest expense or financing cost.
Because, as of the last day of the 2011 Fiscal Year, aggregate Adjusted Net Income ($37 million) exceeds the aggregate of the Base Financial Targets for the three Fiscal Years contained in the Deferred Bonus Earn-Out Period ($36 million), the Annualized Financial Target is satisfied and Employee X becomes 100% vested in his Deferred Bonus for the 2009 Fiscal Year as of December 31, 2011.
As described in sections 6, 7, and 9, the GMCB, in collaboration with AHS, shall supply CMS reports, information, and data on ACO Scale Targets, Statewide Health Outcomes and Quality of Care Targets, and Statewide Financial Targets.
In order for a Vermont ACO to be eligible to participate in the Vermont Medicare ACO Initiative or be eligible to become a Vermont Modified Next Generation ACO, the GMCB must submit to CMS a letter jointly signed by the GMCB and the Vermont ACO attesting that the two entities will work together to achieve the ACO Scale Targets, Statewide Financial Targets, and Statewide Health Outcomes and Quality of Care Targets of the Vermont All-payer ACO Model.
Because, as of the last day of the 2011 Fiscal Year, aggregate Adjusted Net Income ($37 million) exceeds the aggregate of the Base Financial Targets for the three Fiscal Years contained in the Deferred Bonus Earn-Out Period ($36 million), the Annualized Financial Target is satisfied and Employee Y becomes 50% vested (18 months of employment from the first day of the Base Fiscal Year through the date of Disability, divided by 36 months) in his Deferred Bonus for the 2009 Fiscal Year as of December 31, 2011.
In order for a Vermont ACO to be eligible to participate in the Vermont Medicare ACO Initiative or be eligible to become a Vermont Modified Next Generation ACO, GMCB must submit to CMS a letter jointly signed by GMCB and the Vermont ACO attesting that the two entities will work together to achieve the ACO Scale Targets, Statewide Financial Targets, and Statewide Health Outcomes and Quality of Care Targets of the Vermont All-payer ACO Model.
The Financial Targets specified in Appendix B and the COC EBITDA Thresholds in Section 2.3(b) are based upon (i) certain revenue and expense assumptions about the future business of the Company, (ii) a management model prepared by the Company for the projected financial performance of the Company and (iii) the continued application of accounting policies used by the Company as of the date the Option is granted.
The Financial Targets specified in Appendix B are based upon (i) certain revenue and expense assumptions about the future business of the Company, (ii) a management model prepared by the Company for the projected financial performance of the Company and (iii) the continued application of accounting policies used by the Company as of the date the Option is granted.