Targeted Amount definition
Examples of Targeted Amount in a sentence
In the event of the dissolution or liquidation of the Company, all performance goals with respect to the Performance Units shall be deemed to have been met at the Targeted Amount set forth in the Long-Term Award Criteria for the entire Performance Period under the terms of the Long-Term Award Criteria and the Performance Period shall immediately end.
The amount of the Award shall be the Targeted Amount multiplied by the Modifier.
The Company will cause the Targeted Amount to be located in an Acceptable Jurisdiction by 11:59 p.m. ET on April 30, 2022; provided, however, if as of such time, the Targeted Amount is not located in an Acceptable Jurisdiction, then the Company will cause the Targeted Amount to be located in an Acceptable Jurisdiction as promptly as possible but no later than June 14, 2022.
To the extent Buyer's Net Income Before Taxes of the Business for the full calendar year preceding the Earn-Out Payment Date is less than the Targeted Amount, as prorated for the Partial Earn-Out Periods (such shortfall, the "Shortfall Amount"); the Base Earn-Out Payment shall be reduced on a dollar-for-dollar basis by the amount obtained by multiplying the Shortfall Amount by Holdings' Ownership Percentage.
In the event that the Fair Market Value of the Company as of the Valuation Date exceeds the Targeted Amount, the Company shall pay to Sardas within sixty calendar days after the Valuation Date a cash amount equal to five percent (5%) of any incremental net fair market value in excess of $35 million.