Examples of Revenue Target in a sentence
The Plan EPS, Revenue Target and other targets and the weight given to each for any fiscal year shall be established by the Board or by a committee designated by the Board, and shall be set out in minutes of the Board of Directors of the Company or the designated committee.
The amount of such bonus compensation is based on the extent to which the Company's planned earnings established by the Board for the corresponding period (the "Plan EPS") and the Company's revenue target ("Revenue Target"), or such other targets as shall be set by the Board, have been achieved.
This means that the achievement of each of the Total Revenue Target, Gross Profit Target and Operating Expense Target shall not result in the payment of a bonus relating to such Corporate Target exceeding 12% of the Quarterly Individual Bonus Target in any quarter.
Likewise, if the monthly Actual Delivery Revenue is less than the Delivery Revenue Target, this delivery revenue shortfall will be accrued for recovery from customers at the end of the Annual RDM Period.
The percentage achieved is determined by comparing the actual consolidated revenue for 2021 to the Board approved Revenue Target for 2021, which is $101,810,000.