Plan EBITDA means, for any fiscal year of the Company and its consolidated subsidiaries, the forecasted EBITDA number set forth on Schedule 2 attached hereto; provided, however, that Plan EBITDA may be changed at the sole discretion of the Board to account for (i) any acquisition or disposition by, or merger or other business combination of, the Company or (ii) capital expenditures for any fiscal year exceeding $15 million in the aggregate. Notwithstanding the above, if on or prior to December 31, 2007 there is any underwritten public offering of securities of the Company, the Company’s parent or EnergySolutions Group, Inc. pursuant to an effective registration statement under the Securities Act of 1933 (“IPO”), the Company and Executive agree and acknowledge that the excess performance bonus that is provided for in this Agreement shall be eliminated (including the elimination of all references to the excess bonus plan in this Agreement) and the Executive hereby waives any payments with respect thereto that may have become payable from time to time, if not for the elimination of such excess performance bonus, and as consideration therefore, the Executive shall be entitled to receive a one- time lump sum payment of $2,051,000, less any applicable withholding taxes, on the closing of the IPO. In the event of an IPO, the Executive will, at the Company’s request, enter into an amendment of this Agreement to reflect the appropriate entity as the “Company”.

Plan EBITDA means, for each Performance Year, the dollar amount of EBITDA set forth in the Operating Plan approved by the Board of Directors. Plan EBITDA will be adjusted from time to time as may be mutually agreed upon to reflect the expected contribution to EBITDA of acquisitions or major corporate projects. JOINT ESCROW INSTRUCTIONS July 10, 1998 Xxxx Xxxxxx c/o Brentwood Associates 00000 Xxxxx Xxxxxx Xxxxxxxxx Los Angeles, California 90025 Dear Sir or Madam: As the person identified herein as Escrow Agent for HDA Parts System, Inc. (the "Company"), an Alabama corporation, and the undersigned holder of common stock, par value $.01 per share, and Series B Preferred Stock, par value $.01 per share, of the Company (the "Purchaser"), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Stock Purchase Agreement (the "Agreement") dated as of July 10, 1998, in accordance with the following instructions:

Plan EBITDA means with respect to any Applicable Year, the Company’s budgeted EBITDA as reviewed and accepted by the Board annually. Plan EBITDA includes a deduction for a total Company budgeted amount of Annual Incentive Bonus Payout.The Threshold, Target and Maximum EBITDA dollars, with respect to any Applicable year, are included in Appendix A.

Examples of Plan EBITDA in a sentence

Our compensation committee believes that Plan EBITDA is a primary indicator to our stockholders of overall business health, and its use achieves our desire to use a measure of profitability that drives stockholder value creating behaviors.
In addition, 75% of the bonus criteria for each named executive officer was weighted towards Plan EBITDA, and 25% towards comparable store sales growth.
If Plan EBITDA and comparable store sales growth were 100% of the established targets, our executive officers would be each entitled to receive 100% of such officer’s respective Target Bonus.
For fiscal 2014, cash bonuses to be awarded to each named executive officer were based on Plan EBITDA and comparable store sales growth targets.
No incentive award is payable to executives unless a pre-established minimum Plan EBITDA goal is achieved.

More Definitions of Plan EBITDA

Plan EBITDA means the EBITDA target mutually agreed to by the Board and Executive prior to the start of any fiscal year during the Employment Period. For the fiscal year commencing January 1, 2000 and ending December 31, 2000, the Executive and Company agree that the Plan EBITDA is $112,100,000.

Plan EBITDA means, for each Performance Year, the dollar amount of EBITDA set forth in the Operating Plan developed by management and approved by the Board of Directors. Plan EBITDA will be adjusted from time to time as may be mutually agreed upon to reflect the expected contribution to EBITDA of acquisitions or major corporate projects. ANNEX B JOINT ESCROW INSTRUCTIONS October 19, 1998 Xxxx Xxxxxx c/o Brentwood Associates 00000 Xxxxx Xxxxxx Xxxxxxxxx Los Angeles, California 90025 Dear Sir or Madam: As the person identified herein as Escrow Agent for City Truck Holdings, Inc. (the "Company"), a Delaware corporation, and the undersigned holder of common stock, par value $.01 per share, of the Company (the "Purchaser"), you are hereby authorized and directed to hold the documents delivered to you pursuant to the terms of that certain Stock Purchase, Vesting and Repurchase Agreement (the "Agreement") dated as of October 19, 1998, in accordance with the following instructions:

Plan EBITDA means, for any period, the expected Consolidated EBITDA for such period, as presented in reasonable detail in an Updated Budget, with such changes as may be approved by Lender, in its sole discretion. “Prepayment Amount” has the meaning specified in Section 2.03(c).

Plan EBITDA means the net income of the Company and its subsidiaries for Fiscal 2012, before interest, taxes, depreciation, amortization and stock based compensation expense on a pre-bonus basis. Notwithstanding the foregoing, (i) the Award, to the extent not previously forfeited under the terms of this Agreement, shall become immediately vested in full upon a Change of Control of the Company, and (ii) the percentage of the Award earned, if any, based on the level of achievement of Plan EBITDA for Fiscal 2012 shall become immediately vested in full upon the Participant’s Termination of Service after the end of Fiscal 2012 due to his or her death or

Plan EBITDA means, (i) with respect to each of the Company’s fiscal years set forth in the table below, the amount set forth across from such fiscal year in the table below and (ii) with respect to the Company’s 2016 fiscal year and each fiscal year thereafter an amount equal to 1.08 multiplied by the Plan EBITDA in effect for the immediately preceding fiscal year. Notwithstanding anything to the contrary herein, the Plan EBITDA for any particular fiscal year shall be adjusted as determined in good faith by the Board in consultation with the Chief Executive Officer and Chief Financial Officer of the Company for the proforma effect of acquisitions, divestitures and sale leaseback transactions. Fiscal Year Plan EBITDA 2011 $111,500,000 2012 $123,100,000 2013 $148,200,000 2014 $155,100,000 2015 $165,000,000