Examples of Net EBITDA in a sentence
For purposes of the Bonus Program, Net EBITDA shall not include the impact of non-recurring charges or gains, consistent with the approach used for reporting “Adjusted EBITDA” in DDi Corp.’s quarterly earnings releases.
Participants shall be eligible to receive a Target Performance Bonus only to the extent that the Net EBITDA % exceeds 50% (fifty percent).
The Compensation Committee shall have the sole discretion and authority to make further adjustments to the Company’s Net EBITDA which will be used to calculate the Bonuses under the Bonus Program to take into account, as well as to disregard, any events that the Compensation Committee considers extraordinary.
Participants shall be eligible to receive a Target EBITDA Bonus hereunder only to the extent that the Company’s “Net EBITDA %” (actual Net EBITDA measured by DDi Corp.
The Bonus shall consist of two components, (i) a Target EBITDA Bonus, which is based upon the achievement of EBITDA from DDi Corp.’s consolidated North American operations less the total amount of bonus payments awarded under the Bonus Program (“Net EBITDA”), and (ii) a Target Performance Bonus, which is based on the achievement of job-specific performance objectives of each Participant and further limited by the Company having achieved its Net EBITDA objective.