Fiscal 1998 definition
Examples of Fiscal 1998 in a sentence
With respect to any Termination Date, the "Average Previous Bonus" shall be the average of the bonuses received by Employee for the three consecutive Fiscal Years of the Company ended immediately prior to the Termination Date (e.g., if the Termination Date were June 30, 2000, and Employee had received a bonus of $60,000 for Fiscal 1997, $70,000 for Fiscal 1998 and $80,000 for Fiscal 1999, then the Average Previous Bonus would be $70,000).
If EBIT for Fiscal 1998 is equal to or exceeds the EBIT Target, the Holder shall, promptly following receipt of a written request from the Issuer, surrender this Warrant to the Issuer for cancellation for no consideration.
The Executive's incentive bonus for Fiscal 1998 (if any) shall be paid to the Executive as soon as practicable after Holdings has received the final audit report with respect to Fiscal 1998 from its independent accountants.
The audited consolidated financial statements of each of Dart, Crown, Shoppers and Trak included in the Dart Group Fiscal 1998 Financial Statements shall be accompanied by the respective opinions of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP thereon.
Dart Group ------------------------------------------- Fiscal 1998 Financial Statements" shall mean the audited consolidated balance sheets of Dart, Crown, Shoppers and Trak, each as of January 31, 1998, or February 1, 1998, as the case may be, and the related audited consolidated statements of earnings, stockholders' equity and cash flows for the fiscal years then ended, together with the notes thereto, to be delivered to Richfood by Dart in accordance with Section 7.7 hereof.
Dart ------------------------------------------- covenants and agrees to deliver the Dart Group Fiscal 1998 Financial Statements to Richfood as soon as practicable after the date hereof, but in any event no later than May 1, 1998.
For example, if Net Income for Fiscal 1999 is $500,000 as compared with Net Income of $200,000 for Fiscal 1998, the Employee shall receive 10% of $280,000 or $28,000.
During the fiscal year ending June 30, 1998 ("Fiscal 1998"), the performance bonus will not be available; however, the Board of Directors will consider the grant of a discretionary bonus based on your performance during the third and fourth quarters of Fiscal 1998.
HIGH LOW -------- -------- Fiscal 1998 May 20, 1998 to June 30, 1998........................
The Memorandum shall be of no further force or effect from and after the date of this Agreement and this Agreement shall supersede and replace any and all previous agreements between the parties, other than the Fiscal 1997 Note and the Fiscal 1998 Note.