Target Margin definition

Target Margin means the percentage established supplementally by the Committee on the date of adoption of this Plan as the “Target Margin” for purposes of this Plan.

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Target Margin means Sales Price minus Purchase Price.

Target Margin means each of the Year 1 Target Margin, Year 2 Target Margin and Year 3 Target Margin.

Examples of Target Margin in a sentence

• The parties may, by written agreement, revise the Maximum Quantity, the Margin, the Target Margin, or the Product Price.

• Any deliveries suspended under this paragraph shall be canceled without liability, and the Target Margin shall be correspondingly reduced.

• For the sake of clarity this means that currency fluctuations occurring from the time Products are purchased by Elanco until the time when such Products are then sold by Elanco will not be taken into account in the calculation of Target Margin.

• Achievement of both Target EBITDA and Target Margin shall result in the vesting of _______ Units (the “Target Vested Units”).

• Once the Target Margin is achieved, the proportion of such realized savings included in the Unit Price shall be reduced in such a way as to cap the actual gross margin percentage for such Model at the Target Margin.

• No bonus is payable if Margin is less than 75% of Target Margin, or $30,946,000.

• This amount (positive or negative) then gets added to the amount of target bonus earned based on performance against Target Margin, and the resulting sum is the earned bonus amount.

More Definitions of Target Margin

Target Margin is defined on Exhibit 3 hereto.

Target Margin means the amount determined by multiplying (i) EPCO’s average actual selling price per ton for Liquid CO2 for the month in question, by (ii) [*]. The term “Actual Margin” means EPCO’s average actual selling price per ton for Liquid CO2 for the month in question, less the average actual per ton manufacturing costs, the average actual per ton transportation costs and the per ton direct commissions incurred by EPCO with respect to such Liquid CO2 As provided above, however, the purchase price payable by EPCO after the [*] Tons for the CO2 Gas provided by LINCOLNWAY during a calendar month shall in no event be less than $[*] per Shipped Ton, so in the event the Target Margin exceeds the Actual Margin for a calendar month, the purchase price for that calendar month shall be $[*] per Shipped Ton. Some examples of a calculation of the Margin Price are set forth in Schedule 2 to this Agreement.