Cumulative Sales means, for the Performance Period, the total Sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing Net Income by Sales. Both Net Income and Sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. The foregoing definitions and measures will exclude the base Net Income and Sales of major acquisitions and divestitures, however, they will include post-acquisition growth. Net Income will also be adjusted for “fair value” expenses of the acquisition including investment banker charges, amortization of intangibles, physical property step-ups, and imputed interest on the acquisition value.
Cumulative Sales means, for the Performance Period, the total Sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing Net Income by Sales. Both Net Income and Sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. The foregoing definitions and measures will exclude major acquisitions and divestitures, however, they will include post-acquisition growth.
Cumulative Sales means, for the Performance Period, the total Sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing Net Income by Sales. Both Net Income and Sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. The foregoing definitions and measures will exclude the base Net Income and Sales of acquisitions and divestitures that involve at least 1% of Sales but less than 10% of Sales, however, such definitions and measures will include post-acquisition growth related to these acquisitions. With respect to acquisitions that involve at least 1% of Sales but less than 10% of Sales, Net Income will also be adjusted for “fair value” expenses of the acquisition including investment banker charges, amortization of intangibles, physical property step-ups, and imputed interest on the acquisition value. The Committee reserves its discretion pursuant to paragraph 11 below to make necessary or appropriate adjustments to the definitions and measures or otherwise for acquisitions, divestitures and other matters referenced in paragraph 11.
Examples of Cumulative Sales in a sentence
If the Cumulative Sales results that are achieved fall between the performance levels specified in Exhibit A, the percentage will be interpolated consistent with the range in which the Cumulative Sales falls as conclusively determined by the committee of the Board of Directors of the Company administering the Plan (which committee is herein called the “Committee” and which, on the date hereof, is the Compensation Committee).
The TVM shall transmit the Cumulative Sales Data indicated in Article 2.07C.3.a.
The sales charge is deducted from your purchase payments using the percentages shown in the table below: Cumulative Sales Charge as a Percentage Total Purchase Payments of Purchase Payments ----------------------- -------------------- $ 0 - 499,999.99 4.500% 500,000 - 749,999.99 4.125% 750,000 - 1,000,000.00 3.750% The applicable percentage from the chart will be based on the total cumulative purchase payments to date, including the new purchase payment.
Upon a change in control, Serenity will be eligible to receive a payment in the low to mid-double digit millions, reduced by portions of any Cumulative Sales Milestone Payments previously paid.
Figure 4 Forecasted Sales VS Cumulative Sales The data shown in Figure 4 represents the forecasted and cumulative units from February to April 2023 in Philippine pesos, collectively referred to as sales.
More Definitions of Cumulative Sales
Cumulative Sales means, for the Performance Period, the total Sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing Net Income by Sales. Both Net Income and Sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. The foregoing definitions and measures will exclude the base sales and net income for all divestitures and for acquisitions with sales for the acquired business’ last twelve completed months that comprise up to 10% of Rockwell Cxxxxxx base sales for its last twelve completed months at the time of acquisition. Such definitions and measures will include post-acquisition growth related to these acquisitions. With respect to acquisitions with sales that comprise up to 10% of total Rockwell Cxxxxxx’ base sales revenue at the time of divestiture or acquisition, Net Income will also be adjusted for “fair value” expenses of the transaction including investment banker charges, amortization of intangibles, physical property step-ups, and imputed interest on the acquisition value. The Committee reserves its discretion pursuant to paragraph 10 below to make necessary or appropriate adjustments to the definitions and measures or otherwise for acquisitions, divestitures and other matters referenced in paragraph 10.
Cumulative Sales. For any period, the Billed Amounts of all Eligible Receivables originated by the Originator during such period.
Cumulative Sales is the sum of the “Total sales” reported by the Company in its Consolidated Statement of Operations in its audited financial statements for each fiscal year in the Performance Period.
Cumulative Sales means, for the Performance Period, the total sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing net income by sales. Both net income and sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. If a divestiture occurs during the Performance Period, adjustments will be made as follows:
Cumulative Sales. For each Settlement Period, the amount of Receivables originated by the Originators and sold to the Seller pursuant to the Sale Agreement.
Cumulative Sales means, for the Performance Period, the total Sales as reported by the Company in its audited financial statements. “Return on Sales” means, for the Performance Period, the rate determined by dividing Net Income by Sales. Both Net Income and Sales will be the three year cumulative values as reported in the Company’s audited financial statements after adjusting for extraordinary income and expense items. The foregoing definitions and measures will exclude the base sales and net income for all divestitures and for acquisitions with sales for the acquired business’ last twelve completed months that comprise up to 10% of Rockwell Xxxxxxx base sales for its last twelve completed months at the time of acquisition. Such definitions and measures will include post-acquisition growth related to these acquisitions. With respect to acquisitions with sales that comprise up to 10% of total Rockwell Xxxxxxx’ base sales revenue at the time of divestiture or acquisition, Net Income will also be adjusted for “fair value” expenses of the transaction including investment banker charges, amortization of intangibles, physical property step-ups, and imputed interest on the acquisition value. The Committee reserves its discretion pursuant to Section 10 below to make necessary or appropriate adjustments to the definitions and measures or otherwise for acquisitions, divestitures and other matters referenced in Section 10. TSR is measured by adding (i) the total stock price growth for the Performance Period, measured by comparing the average stock price during October ____ [the first year of the Performance Period] to the average stock price during September _____ [the last year of the Performance Period], and (ii) dividends paid, measured as if reinvested in stock at the payment date. In the event of substantial changes causing an inability to calculate TSR for one or more of the peer companies listed on the attached Exhibit B (or in the event of spinoffs or similar transactions causing a peer company to split into two or more peer companies), the list of peer companies shall be adjusted accordingly to take such events into account and the new group of peer companies shall for purposes of Section 2(d) be divided into a top, middle and bottom group of performers. If the number of peer companies is 14, 15 or 16 companies, there will be 4 of the resulting peers in each of the top and bottom groupings and the remaining number of peer companies shall be assigned to the middle group. If t...
Cumulative Sales means the cumulative amount of the Company's sales to dealers of motorcycles built and shipped pursuant to Purchase Orders approved for funding by the Lender, expressed in dollars based on the actual sales price, computed on a weekly basis and included in each Weekly Report by the Company; the amount of "Cumulative Sales" is projected in the Cash Flow Projections as line item 230.