Net Equity Value

Net Equity Value. (1) 8.5 multiplied by the Company's consolidated earnings, before interest, income taxes, depreciation and amortization ("EBITDA") for the four fiscal quarters ending upon a Measurement Date, plus (2) the sum of cash, cash equivalents, and the aggregate exercise price of all outstanding options or warrants to purchase Shares, whether or not exercisable, in each case as of the Measurement Date, less (3) all debt and capital leases outstanding as of the Measurement Date. EBITDA, cash and debt... shall be determined by the Committee based on the Company's financial statements for such period, subject to such adjustments to reflect unusual, nonrecurring or extraordinary events as the Committee shall deem equitable and appropriate. View More

Net Equity Value. Means the product of (i) the aggregate amount of the Company's outstanding Equity Securities on a fully-diluted basis (excluding any warrants or options to purchase Common Stock) multiplied by (ii) the average of the highest bid and lowest asked prices on the exchange or over-the-counter quotation system on which Common Stock is listed; provided that if there are no sales of Common Stock on such exchange or over-the-counter quotation system on any given day, then the Net Equity Value for such... day shall equal that of the previous day; View More

Net Equity Value. Means, as of the date of a Change of Control, the equity value of Holdings, as determined by the Board of Directors of Holdings, in its sole discretion, on the basis of amounts received by Holdings' stockholders in connection with the Change of Control, after the payment of all outstanding debt and expenses and assuming the exercise of all options, warrants or other rights to purchase shares of common stock of Holdings.

Net Equity Value. Means, as of the date of a Change of Control, the Company's equity value as determined by the Board, in its sole discretion, on the basis of amounts received by the Company's stockholders in connection with the Change of Control, after the payment of all outstanding debt and expenses and assuming the exercise of all in-the- money options, warrants or other rights to purchase shares of Common Stock.

Net Equity Value. With respect to a Participant, the amount the Adjusted Equity Value exceeds the applicable Hurdle