Target Multiple definition

Target Multiple means a number equal to the result of (i) all Investor Proceeds divided by (ii) the Investor Investment Amount.

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Target Multiple means 1.0 for each Participant except in the first four years during which a Participant participates in the Plan, the Target Multiple shall be 1.5.

Target Multiple means the maximum multiple of the original investment that could be paid, given value drivers, and receive a desired return on investment;

Examples of Target Multiple in a sentence

The Performance-Vesting Executive Incentive Units shall become 100% vested on the date on which both, (A) the Investors achieve a Target Multiple of at least 3.0; and (B) the Investors achieve an Investor IRR of at least 25%; if, as of such date, Executive is, and since the Closing continuously has been, employed by the Company, Employer or any of their respective Subsidiaries.
The Performance-Vesting Executive Incentive Units shall become 100% vested on the date on which the Investors achieve a Target Multiple of at least 2.75; if, as of such date, Executive is, and since the Reference Date continuously has been, employed by the Company, Employer or any of their respective Subsidiaries.
The Performance-Vesting Executive Incentive Units shall become 100% vested on the date on which both, (A) the Investors achieve a Target Multiple of at least [●]; and (B) the Investors achieve an Investor IRR of at least [●]%; if, as of such date, Executive is, and since the Closing continuously has been, employed by the Company, Employer or any of their respective Subsidiaries.
The Performance-Vesting Executive Incentive Units shall become 100% vested on the date on which the Investors achieve a Target Multiple of at least [●]; if, as of such date, Executive is, and since the Reference Date continuously has been, employed by the Company, Employer or any of their respective Subsidiaries.
Except as otherwise provided in this Section 2, the Performance-Vesting Executive Incentive Units shall become 100% vested on the date on which the holders of Class A Preferred Units and Class B Preferred Units of the Company each achieve a Target Multiple of at least 3.0, if as of such date Executive is, and since the Reference Date continuously has been, employed by the Company, Employer or any of their respective Subsidiaries.

More Definitions of Target Multiple

Target Multiple means (A) an amount equal to the product of 2.5 prior to the third anniversary of the date hereof and (B) an amount equal to 3.5 on or after the third anniversary of the date hereof.

Target Multiple means Cash Outflows divided by Cash Inflows.

Target Multiple means a number equal to the result of (a) all Golden Gate Proceeds divided by (b) the Golden Gate Investment Amount.

Target Multiple means, for any Low Interest Rate Solar Loan on any date of determination, an amount as listed in the table below: 10 4.5 12 5.0 15 6.0 20 7.5 25 8.5

Target Multiple means, with respect to a holder of Class A Units or Class B Units, as applicable, a number equal to the result of (i) all Total Proceeds divided by (ii) the Total Investment Amount.