Profit Target definition

Profit Target means, for each calendar year in the Employment Period, the greater of the Profit for the preceding calendar year and the Base Line Profit. “Base Line Profit” means the Profit of the Company for the annual period ended December 31, 2009.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Profit Target means target of Actual Audited Before-Tax Profit of the month ended on December 31, 2010 and of any fiscal year during three years ended on December 31, 2013, as listed in Article 4.7 hereof.

Profit Target means, for each calendar year in the

Examples of Profit Target in a sentence

• Gekko will record revenue at (x) the sum of Direct Costs and Indirect Costs divided by (y) one minus the Set Gross Profit Target.

• The Set Gross Profit Target shall be established by ▇▇▇▇▇▇▇▇ annually in its sole discretion, and shall be for [***]% for fiscal year 2007.

• Profit Target 3 Integer > 0 Default = 0 This is the distance from Entry to T3.

• Profit Target 1 Integer > 0 Default = 8 This is the distance from Entry to T1.

• Profit Target 2 Integer > 0 Default = 0 This is the distance from Entry to T2.

• The Profit Bonus shall not exceed the Profit Bonus cap, which shall be the amount equal to (x) three times Executive’s then current Salary if the Profit is more than 110% of the Profit Target; (y) two times Executive’s then current Salary if the Profit is 110% or less, but greater than 100% of the Profit Target; and (z) Executive’s then current salary if the Profit is 100% or less, but equal to or greater than 75% of the Profit Target.

• The Holder shall have the right to object to the determination of 2008 Net Income or the achievement of the Profit Target in accordance with paragraph (c) below.

• It is understood that the Modified Profit Target cannot be less than zero.

• Upon resolution by the Accountant of all matters specified in the Objection, the Accountant shall determine the 2007 Net Income, the 2008 Net Income or whether the Profit Target has been achieved, as the case may be, on the basis of the matters it has resolved.

• The Exercise Period shall not commence, and this Warrant shall terminate and shall not be exercisable, if either (i) the Company consummates a Qualified Public Offering (as defined in the Amended and Restated Articles of Association of the Company) prior to March 31, 2008 or (ii) it is determined in accordance with Section 3 that the Profit Target has been achieved.

More Definitions of Profit Target

Profit Target means an aggregate net operating profit after tax of the Target Company of not less than S$3,000,000 for the thirty-six months period commencing from 1 March 2020 and ending on 28 February 2023 (“Profit Target Period”). The quantum of the Profit Target was derived after reviewing the track record and financial performance of the Target Company.

Profit Target shall have the meaning ascribed to it in Clause 10.1(iii);

Profit Target means, in respect of the Financial Period, $2,500,000.

Profit Target means the guarantee made by the Sellers to the Purchaser with respect to the actual audited pre-tax profit of the Company as listed in Article 4.3 hereof.

Profit Target means each of the Year 1 Profit Target, Year 2 Profit Target and Year 3 Profit Target.

Profit Target. Refers to the guarantee listed in Article 6.1 herein provided by Party B to Party A for the Actual Audited Pre-tax Profit;