Cumulative Revenue definition
Examples of Cumulative Revenue in a sentence
The Committee shall certify in writing (which may consist of approved minutes of a Committee meeting) the level of Cumulative Revenue and Cumulative EPS attained by the Company and the Dollar Target Award Payment (if any) payable to Recipient.
For clarity, no payments will be made by the RECIPIENT to the INSTITUTE under this Section D4.01(a) until the Cumulative Revenue of the Recipient is greater than five million U.S. dollars (USD $5,000,000).
The cash bonus may be based upon the following schedule: Cumulative Revenue Attainment Cash Bonus ------------------ ---------- $ 5,000,000 $ 5,000 $ 15,000,000 $ 10,000 $ 25,000,000 $ 15,000 The foregoing schedule shall apply in respect of the first year of employment ending December 31, 2007 for the preceding twelve (12) month period beginning January 1, 2007.
In partial consideration for the licenses granted herein, LICENSEE shall pay to LICENSOR the below milestone payments (the “Milestone Payments”) within ninety (90) days of the first date upon which LICENSEE has derived cumulative Net Revenue from all Licensed Uses covered by this Agreement (“Cumulative Revenue”) in the amounts indicated below at each such Cumulative Revenue threshold.
The Option shall only become exercisable with respect to the B-3 Option Shares if the Revenue Objective for 2011 is achieved and/or the Cumulative Revenue Objective for 2011 is achieved.