Company Objectives Clause Samples
Company Objectives. Up to 50% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of company objectives ("Company Objectives") which shall be determined by reference to growth in earnings per share ("EPSG") and growth in earnings before interest, taxes, depreciation and amortization ("EBITDAG") of the Company.
(1) Up to 25% of the Executive's annual Maximum Incentive Bonus shall be determined by reference to EPSG ("EPSG Objectives") which shall be determined consistently with the manner in which the Company reports such earnings for financial purposes adjusted for extraordinary items and shall be determined as a function of EPSG, computed as follows:
(a) If EPSG is less than 10%, there shall be no award of the portion of any Incentive Bonus attributable to the attainment of EPSG Objectives.
(b) If EPSG is 10% or more, but not greater than 20%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be computed in accordance with the following formula: [EPSG * 5] * 25% of the Target Incentive Bonus.
(c) If EPSG is more than 20%, but not greater than 25%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be computed in accordance with the following formula: [EPSG *6] * 25% of the Target Incentive Bonus.
(d) If EPSG is more than 25%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be not more than 15% of the Executive's Base Pay and shall be computed in accordance with the following formula: [EPSG * 6.66667] * 25% of the Target Incentive Bonus.
(2) Up to 25% of the Executive's annual Maximum Incentive Bonus shall be determined by reference to EBITDAG ("EBITDAG Objectives") which shall be determined consistently with the manner in which the Company reports earnings before interest, taxes, depreciation and amortization for financial purposes adjusted for extraordinary items and shall be determined as a function of EBITDAG, computed as follows:
(a) If EBITDAG is less than 10%, there shall be no award of the portion of any Incentive Bonus attributable to the attainment of EBITDAG Objectives.
(b) If EBITDAG is 10% or more, but not greater than 20%, then the portion of the Incentive Bonus awarded for attainment of EBITDAG Objectives shall be computed in accordance with the following formula: [EBITDAG * 5] * 25% of the Target Incentive Bonus.
(c) If EBITDAG is more than 20%, but not greater than 25%, then the portion of the Incentive Bonus awar...
Company Objectives. Total revenue of $[XXXXXXXX] — half of the executive’s Company Bonus will be earned if the Company achieves a minimum of $[XXXXXXXX] in total revenue for FY 2008. Bonus payout starts at 91% of plan and is linear for performance to 100%; thereafter the executive will be eligible to receive an additional 1% for each additional 10% in revenue above the plan.
Company Objectives. Total revenue of $[XXXXXXXXXX] (the “2012 Revenue Target”) – The Company Revenue Bonus for 2012 will be earned if the Company achieves a minimum total revenue for Fiscal 2012 equal to the 2012 Revenue Target, in accordance with and subject to the following. None of the Company Revenue Bonus for 2012 will be earned if the Company achieves total revenue for Fiscal 2012 equal to or less than 90% of the 2012 Revenue Target. If the Company achieves total revenue for Fiscal 2012 greater than 90% of the 2012 Revenue Target, then the percentage of the Company Revenue Bonus for 2012 earned will equal approximately (i) 10, times (ii) a percentage equal to (a) the actual amount of total revenue for Fiscal 2012 divided by the 2012 Revenue Target, minus (b) 0.9.
Company Objectives. Total revenue of $[XXXXXXXX] (the “2011 Revenue Target”) – The Company Revenue Bonus for 2011 will be earned if the Company achieves a minimum total revenue for Fiscal 2011 equal to the 2011 Revenue Target, in accordance with and subject to the following. None of the Company Revenue Bonus for 2011 will be earned if the Company achieves total revenue for Fiscal 2011 equal to or less than 90% of the 2011 Revenue Target. If the Company achieves total revenue for Fiscal 2011 greater than 90% and less than or equal to 100% of the 2011 Revenue Target, then the percentage of the Company Revenue Bonus for 2011 earned will equal approximately (i) 10, times (ii) a percentage equal to (a) the actual amount of total revenue for Fiscal 2011 divided by the 2011 Revenue Target, minus (b) 0.9. If the Company achieves total revenue for Fiscal 2011 in excess of 100% of the 2011 Revenue Target, then the percentage of the Company Revenue Bonus for 2011 earned will equal 100% plus an amount (the “Additional Company Revenue Bonus for 2011”) equal to 6.8% of the Company Revenue Bonus for 2011 for every .1% by which the total revenue for Fiscal 2011 exceeds the 2011 Revenue Target.
Company Objectives. Total revenue of $[XXXXXXXX] — half of the executive’s Company Bonus (the “Revenue Company Bonus”) will be earned if the Company achieves a minimum of $[XXXXXXXX] in total revenue for FY 2008 (the “Revenue Target”), in accordance with the following. None of the Revenue Company Bonus will be earned if the Company achieves less than 91% of the Revenue Target. For each 1% (but not a fraction thereof) above 90% of the Revenue Target that the Company achieves, 10% of the Revenue Company Bonus will be earned, so that at 91% of the Revenue Target, 10% of the Revenue Company Bonus will be earned, at 92% of the Revenue Target, 20% of the Revenue Company Bonus will be earned, up to 100% of the Revenue Company Bonus at 100% of the Revenue Target. In addition, for each 1% (but not a fraction thereof) above 100% of the Revenue Target that the Company achieves, an additional amount equal to 10% of the Revenue Company Bonus will be earned.
Company Objectives. 2.1 Subject in each case to any Applicable Regulatory Approval, the Recipients hereby acknowledge and agree that the Company shall conduct its business in accordance with the objectives set forth in Schedule 3 (the “Objectives”) in all respects. In the event the Company fails to comply with any Objective, each Recipient shall, in each case subject to any Applicable Regulatory Approval, take all Necessary Actions as promptly as practicable to cause the Company to comply with such Objective.
2.2 Notwithstanding anything set out in this Agreement to the contrary, without the prior written consent of each of the Investor Shareholders, whether adopted or approved at a General Meeting or otherwise, no Recipients shall exercise their voting rights and/or make or support any resolutions that could reasonably be expected to result in a deviation from the Objectives (in each case subject to any Applicable Regulatory Approval).
Company Objectives. As part of this project the Company would like Veritas to help it achieve the following objective(s): ⮚ Development of a strategic plan for the Company ⮚ Board development advice ⮚ Analyze and propose new sources of funding
Company Objectives. The Client would like to develop and execute a financial communications strategy that is intended to increase market awareness of the Company's stock, which in turn may cause the stock to experience greater trading volume, and may increase the number of individual and institutional shareholders in the Company.
Company Objectives. As part of this project the Company would like Veritas to help it achieve the following objective(s): ⮚ Analyze different marketing and outreach avenues and develop a comprehensive marketing plan for the Company.
Company Objectives. 1.5.1. Thiess provides operational services to the mining industry on a contract basis. It is critical that Thiess provides its services in a safe, flexible, and cost-effective manner to remain competitive. The demand for services fluctuates in accordance with the requirements of the mining industry. ▇▇▇▇▇▇ therefore requires employees who can work efficiently and flexibly within reasonable parameters to meet customer expectations.
1.5.2. ▇▇▇▇▇▇ is committed to a process of continuous improvement in its competitiveness and the implementation of a best practice approach to work where it is a key component to safety, customer satisfaction, supply improvement and cost reduction.
1.5.3. The objective of this Agreement is to provide terms and conditions of employment for Employees to enable the provision of flexible and efficient solutions for ▇▇▇▇▇▇ clients.
1.5.4. ▇▇▇▇▇▇ also acknowledges that the purpose of the Agreement is to attract and retain a workforce that will be safe, productive, and competitive in the mining industry.