ABC Stores Sample Clauses

ABC Stores. Each store operated by the merged ABC system shall be operated as its own profit center. Net profits from those stores located in the City of Hendersonville shall be attributed to the Hendersonville division, and net profits from those stores located in the Town of Laurel Park shall be attributed to the Laurel Park division. i. In calculating net profit for a store, a proportional share of system wide administrative expenses shall be allocated to each store according to its gross revenue share as compared to the gross revenue of the merged system for the applicable period. As an example, system wide administrative expenses for the first quarter would be allocated to each store proportionally based on gross revenues of the store compared to the gross revenues of the entire system for the first quarter.
Sample 1
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ABC Stores. Each store operated by the merged ABC system shall be operated as its own profit center. Except as provided in 12.b.ii, 12.b.iii, 13.c.1 and 13.c.ii below, net profits from those stores currently located in the City of Hendersonville shall be attributed to the Hendersonville division, and net profits from those stores currently located in the Town of Laurel Park shall be attributed to the Laurel Park division. If any existing store is relocated, the net profits from such store shall continue to be attributed to the division where such store was originally located regardless of its new location. i. In calculating net profit for a store, a proportional share of system wide administrative expenses shall be allocated to each store according to its gross revenue share as compared to the gross revenue of the merged system for the applicable period. As an example, system wide administrative expenses for the first quarter would be allocated to each store proportionally based on gross revenues of the store compared to the gross revenues of the entire system for the first quarter. ii. From and after the effective date of this Agreement, net profits from existing commercial accounts shall continue to be attributed to the division serving such account prior to the merger of the Hendersonville System and the Laurel Park System. As an example, net profits from a commercial customer whose account was with the Laurel Park System prior to the merger shall continue to be attributed to the Laurel Park division after the merger. iii. From and after the effective date of this Agreement, net profits from new commercial accounts shall be attributed to the ABC store located closest to the business being served by the commercial account, regardless of whose geographic jurisdiction the business is located in. Distance shall be judged as the crow flies. As an example, a restaurant located 1 mile from the Laurel Park Store, and 1.5 miles from the Hendersonville Church Street store, opens a new commercial account with the Blue Ridge ABC System. Net profits from this new commercial account would be attributed to the Laurel Park division. For the avoidance of doubt, annual renewals of a business’s ABC permit shall not constitute new commercial accounts.
Sample 1

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