EBITDA Target definition

EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

EBITDA Target for any given Applicable Year shall be as set forth in Appendix B of this Agreement, subject to the provisions of Section 3.3.

EBITDA Target and “Cumulative EBITDA Target” for a given period shall be as set forth in Exhibit A of this Agreement, subject to the provisions of Section 4.6.

Examples of EBITDA Target in a sentence

• The board of directors intends to present the determined targets regarding the Sales Target and the EBITDA Target as well as the achievement of these in connection with the expiration of LTI 2021 at the latest.

• The reason for the "entry price" being measured based on the conditions of the annual shareholders’ meeting 2019 instead of this year’s annual shareholders’ meeting is that the participants in LTI 2020 shall have the same "entry price" as the participants in LTI 2019.SW40423516/5The Sales Target and the EBITDA Target shall be determined by the board of directors annually and with regard to the financial year 2020, before LTI 2020 is offered to the participants.

• Training: PFAS-containing foams (AFFF and AR-AFFF) may not be discharged or otherwise used in Washington State for training purposes from 1st July 2018.

• The Unvested Portion of Shares subject to vesting upon satisfaction of the Revenue Targets for Calendar Year 2020 and Calendar Year 2021 shall be deemed satisfied if the EBITDA Target for Calendar Year 2022 is satisfied.

• SW39723051/2The Sales Target and the EBITDA Target shall be determined by the board of directors annually and with regard to the financial year 2019, before LTI 2019 is offered to the participants.

More Definitions of EBITDA Target

EBITDA Target means with respect to each Plan Year, the amount set forth in the following table opposite such Plan Year:

EBITDA Target means the target EBITDA for the Company and its subsidiaries determined for a fiscal year based on management's proposal and as approved by the Committee.

EBITDA Target means, with respect to any fiscal year of the Company set forth on Annex I to this Agreement, the applicable amount set forth opposite such fiscal year on Annex I.

EBITDA Target means the Company's projected earnings before interest, taxes, depreciation and amortization, as contained in the Company's annual budget which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such annual budget), (2) the term "Financial Results" shall mean the Company's annual financial results reflected in the Company's annual audited financial statements and (3) the Company's 1997 fiscal year shall be deemed to begin as of the date hereof.

EBITDA Target means (i) for the first Performance Period, $2,109,005, (ii) for the second Performance Period, $2,425,356, and (iii) for the third Performance Period, $2,789,159.

EBITDA Target for a given period commencing on or after April 1, 2009, shall be as set forth in Appendix A of this Agreement, subject to the provisions of Section 6.6 hereof.

EBITDA Target has the meaning set forth in Section 1.2.