OIBA definition

OIBA means operating income before amortization as set forth in or derived from the Corporation’s or Expedia’s, as applicable, publicly available financial reports. For the avoidance of doubt, if the Corporation or Expedia, as applicable, adopts adjusted EBITDA as its primary performance metric, then OIBA shall mean reported adjusted EBITDA, as adjusted to give effect to depreciation.
View Source
OIBA has the meaning given in Exhibit B;
View Source
OIBA means operating income before amortization as set forth in or derived from the Corporation’s or TripAdvisor’s, as applicable, publicly available financial reports. For the avoidance of doubt, if the Corporation or TripAdvisor, as applicable, adopts adjusted EBITDA as its primary performance metric, then OIBA shall mean reported adjusted EBITDA, as adjusted to give effect to depreciation.
View Source

Examples of OIBA in a sentence

  • Within 60 days following the end of the 2009 fiscal year, the Company shall prepare and deliver to Executive a statement of Real Estate Revenues and Real Estate OIBA for such year.

  • In no event will the Company be required to pay the LTP Bonuses unless the Company, acting in its good faith discretion, determines that the ▇▇▇▇▇▇▇▇▇▇.▇▇▇ Businesses are in good condition and that operating decisions made to achieve the Real Estate Revenues and Real Estate OIBA targets set forth in this section (the “LTP Targets”) were accomplished in the ordinary course of business and did not jeopardize the long-term health of the business.

  • For example, (i) if Audited OIBA is $10,050,000, then the Purchase Price will not be adjusted, and (ii) if Audited OIBA is $9,900,000, than the Purchase Price shall be reduced by $1,000,000 (5 x $200,000) and either (A) if Closing has not yet occurred, then the Purchase Price shall be reduced at Closing, and (B) if Closing has occurred, then the amount of the reduction shall be paid by Sellers to Buyers within ten (10) days after Sellers receipt of the Audited Operating Statement.

  • If, within one year following such Change of Control, (i) the Eligible Individual incurs a material and demonstrable adverse change in the nature and scope of the Eligible Individual's duties from those in effect immediately prior to the Change of Control, or (ii) the Eligible Individual incurs a Termination of Employment by the Corporation without Cause, then the remaining Restricted Stock Units shall vest, in each case without regard to the achievement of the OIBA Target or the Performance Goals.

  • If, within one year following such Change of Control, (i) the Eligible Individual incurs a material and demonstrable adverse change in the nature and scope of the Eligible Individual’s duties from those in effect immediately prior to the Change of Control, or (ii) the Eligible Individual incurs a Termination of Employment by the Corporation without Cause, then the remaining Restricted Stock Units shall vest, in each case without regard to the achievement of the OIBA Target or the Performance Goals.