First Measurement Period Sample Clauses

First Measurement Period. With respect to the first Measurement Period, which commences on July 1, 2006, the following Consolidated EBITDA thresholds and Earnout Payments are applicable: (1) If the Consolidated EBITDA is at least $12,570,000, but less than $14,070,000, then THK shall issue shares of THK Common Stock to Seller having a value for purposes of this Section 7.1(a)(1) equal to $105,580. The number of shares to be issued will be equal to the quotient obtained by dividing $105,580 by the preset value per share of $2.00. (2) If the Consolidated EBITDA is at least $14,070,000, but less than $17,070,000, then THK shall issue shares of THK Common Stock to Seller having a value for purposes of this Section 7.1(a)(2) equal to $116,750. The number of shares to be issued will be equal to the quotient obtained by dividing $116,750 by the preset value per share of $2.00. (3) If the Consolidated EBITDA is equal to or exceeds $17,070,000, then THK shall issue shares of THK Common Stock to Seller having a value for purposes of this Section 7.1(a)(3) equal to $127,670. The number of shares to be issued will be equal to the quotient obtained by dividing $127,670 by the preset value per share of $2.00. For purposes of this Section 7.1(a), the value per share of THK’s Common Stock shall remain at $2.00 per share even though such shares may then be trading at a higher or lower price.
Sample 1
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First Measurement Period. With respect to the first Measurement Period, which commences on July 1, 2006, the following Consolidated EBITDA thresholds and Earnout Payments are applicable: (1) If the Consolidated EBITDA is at least $12,570,000, but less than $14,070,000, then THK shall issue shares of THK Common Stock to the Shareholders and Non-Party Shareholder having a value for purposes of this Section 8.1(a)(1) equal to $1,954,556 (less the Bonus Pool Amount). The number of shares to be issued will be equal to the quotient obtained by dividing $1,954,556 (less the Bonus Pool Amount) by the preset value per share of $2.00. (2) If the Consolidated EBITDA is at least $14,070,000, but less than $17,070,000, then THK shall issue shares of THK Common Stock to the Shareholders and Non-Party Shareholder having a value for purposes of this Section 8.1(a)(2) equal to $2,915,039 (less the Bonus Pool Amount). The number of shares to be issued will be equal to the quotient obtained by dividing $2,915,039 (less the Bonus Pool Amount) by the preset value per share of $2.00. (3) If the Consolidated EBITDA is equal to or exceeds $17,070,000, then THK shall issue shares of THK Common Stock to the Shareholders and Non-Party Shareholder having a value for purposes of this Section 8.1(a)(3) equal to $3,853,940 (less the Bonus Pool Amount). The number of shares to be issued will be equal to the quotient obtained by dividing $3,853,940 (less the Bonus Pool Amount) by the preset value per share of $2.00. For purposes of this Section 8.1(a), the value per share of THK’s Common Stock shall remain at $2.00 per share even though such shares may then be trading at a higher or lower price.
Sample 1
First Measurement Period. This component will be based on achievement of NetTeks Business Operations Operating Income Contribution during the First Measurement Period and will be equal to seven hundred fifty thousand dollars ($750,000) times the Attainment Percentage (defined below). As used in this Section 1.7(a)(i), the term “Performance Ratio” shall mean the percentage resulting from dividing actual Operating Income Contribution from NetTeks Business Operations during the First Measurement Period by eight hundred and eighty one thousand and fifty two dollars ($881,052). After establishing the Performance Ratio, the percentage used to calculate this component of the Additional Purchase Consideration shall be calculated (as used in this Section 1.7(a)(i), the “Attainment Percentage”) as follows:
Sample 1
First Measurement Period. During the Measurement Period from April 16, 2012 to and including April 15, 2013, at such time as the VWAP of the Common Stock for a period of 60 consecutive trading days during such Measurement Period exceeds $3.25 per share;
Sample 1
First Measurement Period 
Sample 1

Related to First Measurement Period

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Usage Measurement Usage measurement for calls shall begin when answer supervision or equivalent Signaling System 7 (SS7) message is received from the terminating office and shall end at the time of call disconnect by the calling or called subscriber, whichever occurs first.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Settlement Period (a) For recording time worked, there shall be a settlement period of four weeks. (b) The settlement period shall commence at the beginning of a pay period.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Measurement method An isolation resistance test instrument is connected between the live parts and the electrical chassis. The isolation resistance is subsequently measured by applying a DC voltage at least half of the working voltage of the high voltage bus. If the system has several voltage ranges (e.g. because of boost converter) in conductively connected circuit and some of the components cannot withstand the working voltage of the entire circuit, the isolation resistance between those components and the electrical chassis can be measured separately by applying at least half of their own working voltage with those components disconnected.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

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