Determined Percentage definition

Determined Percentage means the percentage determined by the Fund actuary to be the long-term future contribution rate as at the transfer date;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Determined Percentage means 35%.

Determined Percentage means 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. The Company will establish a commission structure for inside and outside Identified Sales. For inside sales (which include sales made directly by the Company), the Company will allocate a commission of ten percent (10%) of

Examples of Determined Percentage in a sentence

• 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 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.

• If Employee incurs a “Disability” (as defined in Treasury Regulation Section 1.409A-3(i)(4) that also meets the definition of “disability” under the Company’s long-term disability plan), or Employee’s employment terminates due to Employee’s death, this Performance Award shall vest on the earliest of such events at the greater of the Determined Percentage and the percentage attributable to the “target” levels of performance as set forth in the Notice.

• 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.

• Notwithstanding the foregoing, if the vesting event is as a result of (ii) or (iii) above, the Determined Percentage shall be multiplied by a fraction, the numerator of which is equal to the number of Employee’s actual days of employment from the Grant Date to the date of Disability or death, as applicable, and the denominator of which is equal to the total number of days in the Performance Period.

• Notwithstanding the foregoing, if the vesting event is as a result of (ii) or (iii) above, the Determined Percentage shall be multiplied by a fraction, the numerator of which is equal to the number of Employee’s actual days of employment from the Grant Date to Disability or death, as applicable, and the denominator of which is equal to the total number of days in the period between the Grant Date and the third anniversary thereof.

• 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 (as defined below) and the Performance Objectives were measured as of such date.

More Definitions of Determined Percentage

Determined Percentage means either (a) 39% if TWE delivers a Restructuring Notice at any time or Advance/Newh▇▇▇▇ ▇▇▇ivers a Restructuring Notice after July 1, 2000, unless the Winston-Salem, North Carolina cable system owned, as of the date of the Transaction Agreement, by Summit Communications Group Inc. is included among the assets to be allocated to one of the Asset Pools, such system having been transferred to the Partnership at a mutually agreeable price or such transfer at such price being probable during the time frame set forth in Section 8, or (b) 35% (in all other instances).

Determined Percentage means the ratio, expressed as a percentage, determined by the Standing Committee in accordance with the following formula –

Determined Percentage means the percentage of vesting that would have occurred with respect to the Performance Award pursuant to the Notice as if (1) the last day of the Performance Period was the Determination Date (as defined below) and the Performance Objectives were measured as of such date and (2) the dollar amount levels for “entry,” “target” and “overachievement” with respect to the Performance Objectives relating to the EBITDA Component set forth in the Notice were each prorated by multiplying the applicable dollar amount level by a fraction, the numerator of which is the number of calendar quarters during the period beginning on January 1, 2025 and ending on the Determination Date, and the denominator of which is twelve (12) (such prorated levels being referred to herein as the “Prorated EBITDA Objectives”). As used in this Agreement, the term “Determination Date” means (A) with respect to the TSR Component of the Performance Award, the date of the applicable vesting event, and (B) with respect to the EBITDA Component of the Performance Award, the most recently completed fiscal quarter of the Company coincident with or next preceding the date of the applicable vesting event.

Determined Percentage means the percentage as the Board in its absolute discretion determines to be applicable in respect of a Dividend; and