Restructuring Charges definition

Restructuring Charges means all charges and expenses caused by or attributable to any restructuring, severance, relocation, consolidation, closing, integration, business optimization or transition, signing, retention or completion bonus or curtailments or modifications to pension and post-retirement employee benefit plans.
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Restructuring Charges means non-recurring and other one-time costs incurred by the Borrower or any Subsidiary thereof in connection with a Restructuring.
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Restructuring Charges means all charges, accruals, reserves, costs and expenses caused by or attributable to (a) any restructuring, relocation, reconfiguration, conversion, consolidation, closure, start-up, integration, termination, cost saving initiative, business optimization or transition of any business, facility, function, product, equipment or other asset or property or in respect of any acquisition, disposition or other transaction, (b) any recruiting, signing, retention or completion bonus or severance, relocation, restructuring or curtailment costs in each case for any future, current or former officers, directors, employees, managers, consultants or independent consultants or (c) any modifications to pension and post-retirement benefit plans or arrangements.
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Examples of Restructuring Charges in a sentence

  • Except for the Fourth Quarter 1997 Restructuring Charges, there has been no material adverse change in the business, assets, operations, prospects or financial or other condition of the Credit Parties taken as a whole since March 31, 1996.

  • No event has occurred since March 31, 1996 and is continuing which has had or could reasonably be expected to have or result in a Material Adverse Effect (other than the Fourth Quarter 1997 Restructuring Charges).

  • Actual and projected cash Restructuring Charges from January 1, 1998 through December 31, 1998 shall not exceed $39 million and the sum of the projected cash Restructuring Charges and non-cash accruals for environmental costs for 1998 and 1999 will not exceed $127 million.

  • An aggregate amount not to exceed $116.3 million of Restructuring Charges during the term of the Facility, for periods commencing with the fiscal quarter ended June 30, 2009 through the Maturity Date; provided that not more than $10.0 million in the aggregate of Restructuring Charges may be added back for all periods during the fiscal year ended December 31, 2012.

  • Consolidated Net Worth to be less than the total of (a) $70,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter ending after the Effective Date (excluding any fiscal quarter in which there is a loss) plus (c) 100% of the Net Cash Proceeds from the issuance by the Borrower and its Subsidiaries of Equity Interests in excess of $15,000,000 after the Effective Date minus (d) Restructuring Charges.


More Definitions of Restructuring Charges

Restructuring Charges means one time charges incurred in the current year directly related to achieving long term cost savings in the future, such as severance and reflected in the Financial Statements.
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Restructuring Charges means any asset impairment charges, lease termination costs, severance costs, facility shutdown costs, write-offs and write-downs of Intangible Assets and other related restructuring charges related to or associated with a permanent reduction in capacity, closure of plants or facilities, cut-backs or plant closures or a significant reconfiguration of a facility.
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Restructuring Charges means, for any period, the aggregate non-recurring restructuring charges recorded in accordance with GAAP by Micro and its Consolidated Subsidiaries during such period with respect to either Acquisitions or restructurings.
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Restructuring Charges means certain cash charges related any restructuring program of the Borrower and its Subsidiaries subject to the following limitations:
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Restructuring Charges means charges in respect of restructurings, plant closings, headcount reductions or other similar actions, including severance charges in respect of employee terminations.
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Restructuring Charges means certain cash charges related to the Company’s restructuring program announced on or about January 31, 2008 only insofar as such charges specifically relate to the following categories of expense: severance, retained restructuring consulting, equipment transfer, employee outplacement, environmental services, and employee insurance continuation.
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Restructuring Charges means, with respect to the Company, restructuring charges incurred by the Company and its Restricted Subsidiaries in connection with exiting an activity or restructuring an operation or activity, in accordance with GAAP.
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