MRB/APB Payout Factor Clause Samples

MRB/APB Payout Factor. 2.2.1 The “MRB/APB Payout Factor” for each fiscal year shall be equal to the sum of (a) 16⅔% of the Ferrous Volume Payout Factor for the fiscal year as determined under Section 2.2.2 below, plus (b) 16⅔% of the Nonferrous Volume Payout Factor for the fiscal year as determined under Section 2.2.3 below, plus (c) 16⅔% of the Car Purchase Volume Payout Factor for the fiscal year as determined under Section 2.2.4 below, plus (d) 25% of the MRB Operating Income Per Ton Payout Factor for the fiscal year as determined under Section 2.2.5 below, plus (e) 25% of the APB Operating Margin Payout Factor for the fiscal year as determined under Section 2.2.6 below. 2.2.2 The “Ferrous Volume Payout Factor” for each fiscal year shall be determined under the table below based on the number of thousands of long tons of ferrous metal sales by the Company (“Ferrous Volume”) for the fiscal year. If the Ferrous Volume for any fiscal year is between any two data points set forth in the applicable column of the above table for that fiscal year, the Ferrous Volume Payout Factor shall be determined by interpolation between the corresponding data points in the third column of the table as follows: the difference between the Ferrous Volume and the lower data point shall be divided by the difference between the higher data point and the lower data point, the resulting fraction shall be multiplied by the difference between the two corresponding data points in the third column of the table, and the 75223456.1 0068163-00004 2 resulting product shall be added to the lower corresponding data point in the third column of the table, with the resulting sum being the Ferrous Volume Payout Factor for that fiscal year. 2.2.3 The “Nonferrous Volume Payout Factor” for each fiscal year shall be determined under the table below based on the number of millions of pounds of nonferrous metal sales by the Company (“Nonferrous Volume”) for the fiscal year. If the Nonferrous Volume for any fiscal year is between any two data points set forth in the applicable column of the above table for that fiscal year, the Nonferrous Volume Payout Factor shall be determined by interpolation between the corresponding data points in the third column of the table as follows: the difference between the Nonferrous Volume and the lower data point shall be divided by the difference between the higher data point and the lower data point, the resulting fraction shall be multiplied by the difference between the two correspondin...
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Related to MRB/APB Payout Factor

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