OIBT definition

OIBT means the operating income of the Company on a consolidated basis determined in accordance with GAAP, adjusted to exclude stock compensation expense, variable pay, purchase accounting and other one-time charges, as a percentage of revenue.
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OIBT for any period means the audited operating income before taxes of the Company's writing instrument division for such period.
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Examples of OIBT in a sentence

  • If OIBT for the fiscal year immediately preceding the fiscal year in which an award of Restricted Shares is made is equal to or greater than $25,000,000, the Restricted Period shall terminate at the end of the fiscal year for which OIBT is equal to or greater than two times OIBT for the fiscal year 1994.

  • Additional RSUs vest linearly based on OIBT between 6% and 10%, at which level 200% vesting occurs.

  • If OIBT is not at least two times the 1994 OIBT by the end of the 1999 fiscal year, any remaining Restricted Shares will be forfeited by the Participant and revert to the Company.

  • The RAISI certifications and all future controls to the electrical system, as legally stated, are at his costs as well (Low tension regulations – OIBT).

  • It will bear the expenses of the inspections required by the provisions of the OIBT for the electrical installations that it ordered and/or for the modifications or renovations that it had carried out.

Related to OIBT

  • EPS means earnings per share.

  • COVID-19 Measures means any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down, closure, sequester or any other Law, directive, guidelines or recommendations by any Governmental Authority (including the Centers for Disease Control and the World Health Organization) in each case in connection with, related to or in response to COVID-19, including the Coronavirus Aid, Relief, and Economic Security Act (CARES) or any changes thereto.

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

  • DTS means Days to Settlement, i.e., the number of actual days elapsed from and including the original Closing Day with respect to such Accepted Note (in the case of the first such payment with respect to such Accepted Note) or from and including the date of the next preceding payment (in the case of any subsequent delayed delivery fee payment with respect to such Accepted Note) to but excluding the date of such payment; and "PA" means Principal Amount, i.e., the principal amount of the Accepted Note for which such calculation is being made. In no case shall the Delayed Delivery Fee be less than zero. Nothing contained herein shall obligate any Purchaser to purchase any Accepted Note on any day other than the Closing Day for such Accepted Note, as the same may be rescheduled from time to time in compliance with paragraph 2B(7).