RCF Margin definition

RCF Margin represents the Company’s total revenue less restaurant operating costs (exclusive of depreciation and amortization), expressed as a percentage of the Company’s total revenue, for the applicable Company fiscal year. RCF Margin shall be determined in accordance with generally accepted accounting principles as in effect on the first day of the applicable Performance Period. 
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RCF Margin means, for any fiscal year, (i) the Company’s total revenue less restaurant operating costs (excluding depreciation and amortization), divided by (ii) the Company’s total revenue. RCF Margin shall be determined in accordance with generally accepted accounting principles as in effect on the first day of the applicable Performance Period.  The calculation of Baseline Delivery Cost and Non-Baseline Delivery Cost shall be performed by the Company’s finance team and reviewed and approved by the Committee, and the Committee’s determination shall be final.   For each non-COVID Impacted Month after February 2020, the COVID Increase in Delivery Cost will need to be calculated. Below is an example of the calculation using figures from the month ended August 31, 2020. 
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Examples of RCF Margin in a sentence

  • If the level of performance for either 3 Year CRS Growth, 2 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table, the Payout Percentage shall be determined under the heading “Interpolation” below.

  • If the level of performance for either 3 Year CRS Growth, 3 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table, the Payout Percentage shall be determined under the heading “Interpolation” below.

  • Assume that 2 Year Average RCF Margin is 19.5% and 3-Year CRS Growth is 4.75%.

  • By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ By: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Chairman, Compensation Committee The performance criteria under this Incentive Award shall be 3 Year CRS Growth (for the period from January 1, 2018 to December 31, 2020) and 2 Year Average RCF Margin (for the period from January 1, 2019 to December 31, 2020), as such terms are defined below.

  • Seth forth below are additional examples illustrating the interpolation method used to determine Payout Percentages when the level of performance for either 3 Year CRS Growth, 2 Year Average RCF Margin or both falls between two stated performance levels in the Performance Goal Table in Appendix A.

  • By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Chief People Officer Appendix A to 2021 Performance Share Agreement The performance criteria under this Performance Share Award shall be 3 Year CRS Growth and 2 Year Average RCF Margin, as such terms are defined below.

  • Assume that 2 Year Average RCF Margin is 20.9% and 3-Year CRS Growth is 4.9%.

  • By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇  Chief People Officer 6 Appendix A to 2020 Performance Share Agreement  The performance criteria under this Performance Share Award shall be 3 Year CRS Growth and 3 Year Average RCF Margin, as such terms are defined below.

  • For purposes of the Performance Goal Table under this Appendix A, “2 Year Average RCF Margin” shall be determined under the following formula: Where: “X” = the Company’s RCF Margin from restaurant operations for the fiscal year ending December 31, 2019 “Y” = the Company’s RCF Margin from restaurant operations for the fiscal year ending December 31, 2020.

  • Notwithstanding the foregoing, if the Committee certifies that a Force Majeure Event has occurred and RCF Margin and/or CRS Growth, calculated on a consolidated company-wide basis, is “Significantly Impacted,” the calculation of RCF Margin and/or CRS Growth shall be adjusted in the manner outlined below.

Related to RCF Margin

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).