Target EBT definition

Target EBT means, (i) for the fiscal year ending June 30, 1997 - $8,500,000, (ii) for the fiscal year ending June 30, 1998 - $10,600,000, (iii) for the fiscal year ending June 30, 1999 - $13,300,000 and (iv) for the fiscal year ending June 30, 2000 - $16,600,000. Notwithstanding the "Target EBT" amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its subsidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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Target EBT amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its subsidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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Target EBT means the Target Employee Benefit Trust;
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Examples of Target EBT in a sentence

  • Each Incentive Payment shall be based upon the percentage of the target EBT (the "Target EBT") achieved by the Business for each of (A) the twelve month period ending on December 31, 2000, (B) the twelve month period ending on December 31, 2001, and (C) the twelve month period ending on December 31, 2002 (each, subject to adjustment as set forth in Sections 2.8(e)(iv), (vi), and (vii) and 2.8(f)) all as set forth in the chart below.

  • Bidco further acknowledges and agrees that additional Target Shares may be held by the Target EBT Trustee from time to time in relation to the Deferred Shares to the extent that dividends are declared by Target between the date of this Agreement, and Court Sanction, and such dividends are re-invested in Target Shares by the Target EBT Trustee in its capacity as bare trustee for and on behalf of the holders of Deferred Shares in accordance with the normal operation of the Annual Bonus Plan.

  • The basis of such dispute must be the failure to calculate such Incentive Payment or its corresponding Adjusted Target EBT, if any, in accordance with this Agreement.

  • Any deferred portion of the Note Payments shall be paid in the next succeeding quarter to the extent the Company exceeds the Target EBT during such a period and can make up the shortfall from the immediately preceding quarter.

  • Buyer shall have the option to defer a certain portion of the Note Payments in the event EBT is less than $125,000 per fiscal quarter during the first two years following Closing ("Target EBT").

  • In the event that during the Incentive Term the Buyer terminates the employment of either Friedlander, Lawler, or Joel ▇▇▇▇▇▇▇ ▇▇▇hout "Cause" or such person resigns for "Good Reason" as defined in their Employment Agreements, Seller shall have a right to an equitable adjustment to the Target EBT to compensate Seller for any demonstrable adverse effect on its potential ability to achieve the Incentive Payment payable hereunder.

  • The Note Payments may be deferred by a pro rated amount with the numerator being the actual EBT for the measurement period (i.e., month or quarter) and the denominator being the Target EBT for such period.

  • The Annual Bonus will be based upon the percentage that the Company's net income before taxes ("EBT") reflected in the Company's audited financial statements for the applicable fiscal year ("Actual EBT") represents of the budgeted EBT for such fiscal year based upon the budget approved by the Company's Board of Directors ("Target EBT").

  • Such calculations shall be made as follows: Actual EBT as % of Bonus as % Target EBT of Actual EBT ---------- ------------- 1.

  • In the event that Westcon's actual EBT for the applicable fiscal year is greater or lesser than the Target EBT, Employee's applicable Annual Bonus shall be adjusted by multiplying the applicable Annual Bonus by Westcon's Actual EBT for the applicable fiscal year end divided by the Target EBT for the applicable fiscal year.


More Definitions of Target EBT

Target EBT means, (i) for the fiscal year ending June 30, 1999 - $13,300,000, (ii) for the fiscal year ending June 30, 2000 - $16,600,000, and (iii) for the fiscal year ending June 30, 2001 - (as determined by the Board of Directors)." Notwithstanding the "Target EBT" amounts set forth above, if at any time or from time to time after the date hereof the Company or any of its subsidiaries acquires a business, substantially all of the assets of a business, or any assets material to the business of the Company or any of its sub sidiaries, the Board of Directors of the Company shall make such adjustments to the Target EBT amounts, if any, as the Board of Directors of the Company in its discretion deems equitable in light of each such acquisition. Any such determination by the Board of Directors shall be effective and binding for all purposes of this Agreement and the Plan.
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