Amount of Commission. In consideration to the Agent for performance of its duties and obligations hereunder, the Agent shall be entitled to a Commission ("Commission"). Such Commission shall represent a percentage of the Program EBIT realized by the Roundup L&G Business, which percentage shall vary in accordance with the formula set forth below. Amount of Program EBIT -------------------------------------------------------------- Year First Commission Threshold Second Commission Threshold ---- -------------------------- --------------------------- 1999-2000 $30,000,000 $80MM 2001 $31,250,000 $80MM 2002 $32,531,250 $80MM 2003 $33,844,531 $80MM 2004 $35,190,645 $80MM 2005 $36,570,411 $80MM 2006 $37,984,471 $80MM 2007 $39,434,288 $80MM 2008 $40,920,145 $80MM 2009+ $30,000,000 $80MM
Appears in 3 contracts
Samples: Exclusive Agency and Marketing Agreement (Scotts Company), Exclusive Agency and Marketing Agreement (Scotts Company), Exclusive Agency and Marketing Agreement (Scotts Company)
Amount of Commission. In consideration to the Agent for performance of its duties and obligations hereunder, the Agent shall be entitled to a Commission ("βCommission"β). Such Commission shall represent a percentage of the Program EBIT realized by the Roundup L&G Business, which percentage shall vary in accordance with the formula set forth below. Amount of Program EBIT -------------------------------------------------------------- Year First Commission Threshold Second Commission Threshold ---- -------------------------- --------------------------- 1999-2000 $$ 30,000,000 $80MM 2001 $$ 31,250,000 $80MM 2002 $$ 32,531,250 $80MM 2003 $$ 33,844,531 $80MM 2004 $$ 35,190,645 $80MM 2005 $$ 36,570,411 $80MM 2006 $$ 37,984,471 $80MM 2007 $$ 39,434,288 $80MM 2008 $$ 40,920,145 $80MM 2009+ $$ 30,000,000 $80MM80MM 21 The Commission shall be equal to: Amount of Program EBIT Multiplied By (1) 0 - First Commission Threshold: 0%
Appears in 1 contract
Samples: Exclusive Agency and Marketing Agreement (Scotts Miracle-Gro Co)