Performance Hurdle means that the Elevate Credit Parent has a minimum net income in the 2019 Fiscal Year of $22,000,000 and has a minimum net income in the 2020 Fiscal Year equal to an amount to be agreed upon by the Agent and each Credit Party no later than February 15, 2020.
Performance Hurdle means the relevant Interest Rate used for each Performance
Performance Hurdle means, in relation to the Calculation Period, (“A” multiplied by “B”) + C where:
Examples of Performance Hurdle in a sentence
Performance Rights that do not satisfy a Performance Hurdle will lapse.
The High Water Mark and Performance Hurdle calculations will continue on the basis previously calculated since the launch of the Company and neither will be re-set as a result of the proposed changes.
In the event of a change of control of the Group, the Board may determine, in its absolute discretion, that some or all of the unvested rights will become vested rights (disregarding any Performance Hurdle).
More Definitions of Performance Hurdle
Performance Hurdle means, in relation to each Calculation Period, “A” multiplied by “B” where:
Performance Hurdle has the meaning set forth in Section 2(a).
Performance Hurdle means, the Starting NAV per Share increased by the rate of return on 13 week Treasury Bills published by the US Department of the Treasury over the Performance Period, less the Starting NAV per Share;
Performance Hurdle means, as of the end of each fiscal quarter, earnings before interest taxes, depreciation and amortization for the Company, on a consolidated basis in accordance with GAAP, (excluding non-cash stock based compensation expenses and the results of the operations of the Medical Group) for the four fiscal quarters just ended was not less than $18,000,000.
Performance Hurdle means the performance hurdle or hurdles in respect of the Vesting of Shares in a Participant as described in the applicable Performance Hurdle Memorandum.
Performance Hurdle means a performance related hurdle which may be applied to any Fund or Class and as may be specified in the relevant Fund or Class Supplement;
Performance Hurdle means the relevant Interest Rate used for each PerformancePeriod in the calculation of the Performance Fee;