Examples of Earnings Period in a sentence
Earnings Period for Commissions (see Definitions): The preceding 12 calendar months.
During the Earnings Period Teltran shall not include charges or expenses to the Acquired Company except as (i) set forth in the Budget for the applicable period (ii) otherwise agreed to by Manager of Acquired Company designated by Member and (iii) payments made directly to or for the benefit of the Acquired Company as leasehold payments made by Teltran or its subsidiary.
In the event that both the Future Annual Earnings and the Future Average Earnings in any Future Earnings Period are less than Base Earnings, then no Holdback Payment shall be made with respect to such Future Earnings Period or any previous Future Earnings Period until such time that Future Average Earnings equal or exceed Base Earnings.
With respect to any Future Earnings Period, the average Future Annual Earnings per twelve-month period based on (a) cumulative Future Annual Earnings from the last day of the calendar month preceding the Closing Date through the last day of the applicable Future Earnings Period (b) divided by the number of complete Future Earnings Periods that have elapsed up to and including the applicable Future Earnings Period.
If during the eighteen (18) month period commencing January 1, 2001 and ending June 30, 2002 ("The Earnings Period") the accumulated net after tax income of SavOn is $1,200,000 or greater, then the Seller shall receive additional Global Shares from Purchaser.