Annual Compensation Review. Within 30 days after the annual anniversary of this Agreement, the Board shall make the following determinations: a. First, the Board of Directors of the Company shall determine if the Gross Profit Margin of the Company was 30% or greater for the most recent fiscal year ended December 31. For purposes of this determination, “Gross Profit Margin” shall mean the result of the following calculations:
Appears in 4 contracts
Samples: Stock Exchange Agreement (Immediatek Inc), Executive Agreement (Immediatek Inc), Executive Agreement (Immediatek Inc)
