Apportionment agreement Clause Samples
Apportionment agreement. Apportionment agreement" means an agreement between two or more fire departments that provide contracted fire protection service to the same municipality and establishes the percentage of the population and the percentage of the estimated market value within the municipality serviced by each fire department.
Apportionment agreement. It is agreed that the apportionment of the purchase price is as set forth on Exhibit A. The Shareholders shall receive such part of the consideration to be satisfied in cash on the Closing Date, less all amounts owing by the Shareholder to Fulcrum on account of the unpaid purchase price for the Shares and less mandatory withholding on account of this transaction (the acceleration of vesting of their Shares). Pursuant to the Agreement, the number of such shares has been calculated by using the price of US $42.245 per WHI Share. On the date hereof, the Shareholders are delivering to WHI all share certificates for their shares of Fulcrum, endorsed for transfer or with duly endorsed stock powers. As soon as practicable, WHI shall deliver certificates for the WHI shares described on Exhibit A.