Examples of Determined Percentage in a sentence
Wetland restoration is returning a wetland to how it was in the past, before substantial land clearance and development.
For the purpose of this Section 4, the term "Determined Percentage" shall mean the percentage of sales commissions available under the Company's commission structure which the Executive has not granted to the salespersons and which are retained by the Executive for the purpose of the Executive earning the Sales Override.
During the term hereof, in addition to the Salary set forth above, the Company shall pay to the Executive a sales commission (the "Sales Override") equal to the Determined Percentage (as defined in this Section 4) of Gross Receipts (as defined in this Section 4) of the Company.
For outside sales (which include sales made solely by entities other than the Company), the Company will allocate a commission of up to sixteen percent (16%) of Gross Receipts, from which the Executive's Determined Percentage shall be 1%.
For this purpose, the "Determined Percentage" means the percentage of vesting that would have occurred respecting the Performance Award pursuant to the Notice as if the last day of the Performance Period was the Determination Date and the Performance Objectives were measured as of such date.