Common use of Percentage Change in Sales Clause in Contracts

Percentage Change in Sales. Shall equal the average of the percentage change in sales (whether positive or negative for any Fiscal Year of the Company) calculated for each Fiscal Year ending during the Performance Period. The percentage change in sales for each Fiscal Year is computed by comparing the Company’s sales for the relevant Fiscal Year to the Company’s sales for the prior Fiscal Year. Sales shall be determined in accordance with U.S. generally accepted accounting principles (GAAP).

Appears in 2 contracts

Samples: Form of Grant Agreement (Sysco Corp), Form of Grant Agreement (Sysco Corp)

AutoNDA by SimpleDocs

Percentage Change in Sales. Shall equal the average of the percentage change in sales (whether positive or negative for any Fiscal Year of the CompanySubsidiary) calculated for each Fiscal Year ending during the Performance Period. The percentage change in sales for each Fiscal Year is computed by comparing the CompanySubsidiary’s sales for the relevant Fiscal Year to the CompanySubsidiary’s sales for the prior Fiscal Year. Sales shall be determined in accordance with U.S. generally accepted accounting principles (GAAP).

Appears in 2 contracts

Samples: Form of Grant Agreement (Sysco Corp), Form of Grant Agreement (Sysco Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.