Bakery-Cafe Net Profit definition

Bakery-Cafe Net Profit means, with respect to a Bakery-Cafe, in which a Class C Member has a Sharing Percentage of more than zero percent (0%), the total profit (or loss) of such Bakery-Cafe for any period after taking into account (i) the expenses for such period which are incurred solely with respect to such Bakery-Cafe (including, but not limited to the Class C Member’s annual salary and benefits) which are of the types reflected on the form of store operating statement generally used by Panera for its individual bakery-cafes as such form may be modified by Panera from time-to-time, and (ii) a management fee of percent ( %) of the Gross Sales for such Bakery-Cafe during such period.
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Examples of Bakery-Cafe Net Profit in a sentence

  • By way of example, if the Bakery-Cafe has been open for at least five (5) years, the Membership Interest of such Class C Member is being purchased and the Bakery-Cafe Net Profit for the twenty-six (26) Periods immediately preceding the Period in which Asiago notifies such Class C Member of the exercise of the purchase right hereunder is $1,000,000, the purchase price would be equal to $1,000,000 divided by 2 multiplied by 6.0 multiplied by percent ( %), or $ .

  • By way of example, if all Bakery-Cafes have been open for at least five (5) years, and the Adjusted Bakery-Cafe Net Profit for the twenty-six (26) Periods immediately preceding the Period in which Asiago notifies the Class B Member of the exercise of the purchase right hereunder is $2,000,000, the purchase price would be equal to $2,000,000 divided by 2 multiplied by 6.0 multiplied by percent ( %), or $ .