Actual Percentage definition
Examples of Actual Percentage in a sentence
Such numbers shall then be multiplied by three for purposes of calculating the Actual Percentage of Targets.
If the Actual Percentage of Targets fails to exceed 100%, then none of the RSUs shall vest and zero Shares shall be distributed in respect thereof.
Such sums shall be used for calculating the Actual Percentage of Targets.
If the Actual Percentage of Targets is between 100% and 110.5%, then the Vesting Amount shall equal the sum of (a) the Target Vesting Amount plus (b) the product of (i) the difference between the Maximum Vesting Amount and the Target Vesting Amount multiplied by (ii) a fraction the numerator of which is the Actual Percentage of Targets Revenue minus 100% and the denominator is 10.5%, and shall vest.
Tenant also agrees that it will furnish to Landlord within sixty (60) days after the end of each Lease Year or Partial Lease Year, an annual statement, showing in all reasonable detail the amount of Gross Receipts and an itemization of any deductions or exclusions relating to such Lease Year or Partial Lease Year and the amount of Percentage Rent due Landlord ("Actual Percentage Rent").
If the Actual Percentage of Targets equals 110.5% or greater, then the Vesting Amount shall equal the Maximum RSU Bonus Award (the “Maximum Vesting Amount”) and shall vest.
The amount so deducted from such settlement shall be equal to the product of multiplying i) the balances of all Wholesale Contracts acquired by NFC during such month with respect to New International Products by ii) the Actual Percentage for such month.
At the end of each month, ITEC will determine the Actual Percentage and the Excess Discount, if any, for the 12-month period ending on the last day of the preceding month.
The amount, if any, by which the Actual Percentage exceeds the Permitted Percentage at any month end is referred to herein as the “Excess Discount”.
Such Prepayment Credit shall be applied in the calculation of Net Projected Percentage Rent and Actual Percentage Rent.