Target EVA definition
Target EVA means the target level of EVA for the Plan Year, determined as follows:
Target EVA means, with respect to an EVA Business Unit for the initial year that such EVA Business Unit is subject to the Plan, the level of EVA as determined by the Company.
Target EVA for the year in question means the level of EVA that is expected in order for the Participating Group to receive the Target Bonus Award. Target EVA for the year in question is determined as follows:
Examples of Target EVA in a sentence
BONUS INTERVAL The performance above Target EVA or the performance below Target EVA that will cause a 2x bonus contribution or a zero bonus contribution.
The following is an example of how bonus calculations are determined using a 1997 RSI Target EVA of $18 MM.
First, determine the difference between 1998 Actual EVA and 1998 Target EVA.
Variance from Target EVA $ 5 MM / EVA Bonus Interval /$ 34 MM ------------------------ ------- = Bonus Above Target 0.15x Next, add the Bonus Above Target to the Target Bonus of 1.0 to determine your Bonus Contribution.
With RSI 1998 Target EVA of $45.6 MM, a 2x bonus multiple contribution will result if EVA of $79.6 MM is achieved.
More Definitions of Target EVA
Target EVA means the level of EVA that is expected in order for the Participating Group to receive the Target Bonus Value.
Target EVA means the level of EVA that is expected in order for the
Target EVA means the target level of EVA for the Plan Year determined by the Committee.
Target EVA means, with respect to an EVA Center for the initial year, of such center the level of EVA as determined by the Company. With respect to the Corporate EVA Center for 1996, the Target EVA shall be $___________.
Target EVA means the EVA performance level of TTC as determined by
Target EVA means the EVA performance level of TTC as determined by the Committee pursuant to subsection 1 of Section III.
Target EVA means the level of EVA performance required to earn a Target Bonus Award.