Examples of Consumer Business Unit in a sentence
A Milestone Period can be used to measure the attainment of more than one Revenue Target Achievement in the following circumstances: if the Consumer Business Unit records any of the annual revenue targets in a Milestone Period that is earlier than the identified Milestone Period for such target, then the Company shall calculate and deliver the applicable CVR Payment Amount also at that earlier time.
Such reporting will be done in accordance with GAAP, except that appropriate adjustments for allocations of overhead consisting of those incremental costs incurred by the Company as a result of the Merger and other costs that are intended to fairly reflect the historical costs of the Consumer Business Unit, including any adjustments that may occur in accordance with Section 4.5, shall be applied.
For the avoidance of doubt, subject to and consistent with its obligations set forth in this Agreement, management of the Company shall have full discretion in management of the Consumer Business Unit in all respects, including without limitation decisions relating to taxes, application of US GAAP, selection of auditor, questions of accounting policy decisions/elections, working capital management, risk management, business opportunities, hiring and terminations of employees and consultants, etc.
For example, if the Consumer Business Unit achieves $40 million in revenues in calendar year 2020, then, no later than February 28, 2021, the Company will deliver to the Holders’ Representative and the Rights Agent an Achievement Certificate certifying that the Holders are entitled to receive the CVR Payment Amounts associated with the Revenue Target Achievement for both Milestone 2 and Milestone 3.
The Company desires to employ the Executive as its General Manager of New Consumer Business Unit and to assure itself of the services of the Executive during the term of Employment (as defined below).
For example, if the Consumer Business Unit achieves $40 million in revenues in calendar year 2020, then, no later than February 28, 2021, the Company will deliver to the Holders’ Representative and the Rights Agent an Achievement Certificate certifying that the Holders are entitled to receive the CVR Payment Amounts associated Annex B-4 with the Revenue Target Achievement for both Milestone 2 and Milestone 3.
The Executive hereby accepts a position of General Manager of New Consumer Business Unit (the “Employment”) of the Company.
Prior to this role, he served as group president of the Consumer Business Unit, as well as senior vice president of Symantec’s Security Products and Solutions.
In addition, in the event that Del Monte closes a full divestiture of the Consumer Business Unit prior to January 1, 2014, and your title is not changed immediately thereafter, other than with your written consent, to President, Pet Business, the Retention Bonuses will become fully vested and not subject to repayment as otherwise provided in the Offer Letter.