Target Ceiling definition

Target Ceiling means Six Hundred Fifty-One Thousand and No/100 Dollars ($651,000.00).
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Target Ceiling has the meaning specified in Section 1.6(a)(iii).
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Examples of Target Ceiling in a sentence

  • The CGM Target consists of a range of cash gross margin performance for the applicable quarter with the bottom of the range constituting the CGM Target Floor and the top of the range constituting the CGM Target Ceiling.

  • The actual Cash Gross Margin equals or exceeds the CGM Ceiling associated with the T1 Financial Quarterly Target (CGM Target Ceiling of [*]% v.

  • Example: Assume: (i) the 09B Cash Gross Margin is [*]%, and accordingly the CGM Target Floor is [*]% and the CGM Target Ceiling is [*]%; (ii) in the first fiscal quarter of 2009 the Company achieves revenue of [*] with a Cash Gross Margin of [*]%; and (iii) that no Revenue Target was met in the fourth fiscal quarter of 2008 (and thus no Performance RSUs have yet vested).

  • If the Achieved CGM is at or above the CGM Target Ceiling, then all of the unvested Performance RSUs in that Eligible Tranche will vest.

  • Growth Above Industry Metrics Estimated Target Ceiling: 27% Estimated Target Floor: 10% Basis: PPG’s growth estimates of aftermarket windshield units installed.

  • For avoidance of doubt, if the Working Capital at Completion is equal to an amount between the Working Capital Target Floor and Working Capital Target Ceiling, inclusive, there will be no adjustment to purchase price.

  • For avoidance of doubt, if the Estimated Working Capital is equal to an amount between the Working Capital Target Floor and Working Capital Target Ceiling, inclusive, there will be no adjustment to Purchase Price.

  • If the Achieved CGM is above the CGM Target Floor and below the CGM Target Ceiling, then only a portion of the Eligible Tranche will vest that quarter.

Related to Target Ceiling

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Target Population means persons with low incomes who have one or more disabilities, including mental illness, HIV or AIDS, substance abuse, or other chronic health condition, or individuals eligible for services provided pursuant to the Lanterman Developmental Disabilities Services Act (Division 4.5 (commencing with Section 4500) of the Welfare and Institutions Code) and may include, among other populations, adults, emancipated minors, families with children, elderly persons, young adults aging out of the foster care system, individuals exiting from institutional settings, veterans, and homeless people.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Poverty level means the annual family income for a family unit of a particular size, as specified in the poverty guidelines updated annually in the Federal Register by the U.S. Department of Health and Human Services.