Incremental Gross Profit definition

Incremental Gross Profit means the amount by which Gross Profit for the applicable fiscal year exceeds Gross Profit for the prior fiscal year.
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Incremental Gross Profit determined for any specific one-year period of time, shall mean the amount by which Gross Profit from the sale of Products exceeds Baseline Gross Profit.
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Incremental Gross Profit means the Net Sales of the Surviving Corporation and of Parent minus all costs of medicines and supplies sold, field nursing, freight and other direct, out of pocket expenses, which are attributable to goods or services marketed under the "Accuhealth" or "ProHealthCare" name to customers referred by the referral sources identified on Schedule 2.4 hereto. ProHealthCare and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ represent and warrant to Parent that, except as set forth on Schedule 2.4, each customer and referral source identified on Schedule 2.4 has purchased goods or services from, or referred customers to, ProHealthCare or the Company on one or more occasions during the 12-month period commencing March 11, 1996 and ending March 14, 1997. For purposes of this agreement, "Net Sales" shall mean sales collected and sales that Parent expects to be collected.
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Examples of Incremental Gross Profit in a sentence

  • The Bonus for the 2016 fiscal year shall consist of (i) an amount equal to 1% of Incremental EBITDA (as defined below) plus (ii) an amount equal to 2% of Incremental Gross Profit (as defined below).

  • Incremental Gross Profit as mutually agreed to by Parent and ProHealthCare pursuant to section 2.4(d)(i), or as deemed final, binding and conclusive pursuant to section 2.4(c) or 2.4(d)(ii), shall be deemed the "Final Incremental Gross Profit".

  • The determination of Incremental Gross Profit set forth in the Accountants' IGP Report shall be deemed final, binding and conclusive upon each party hereto.

  • The fees and expenses of the IGP Accountants shall be paid by ProHealthCare, except that if the IGP Accountant's calculation of Incremental Gross Profit is at least $50,000 greater than Parent's calculation of Incremental Gross Profit, the fees and expenses of the Accountants shall be paid by Parent.

  • The IGP Accountants shall be instructed to deliver to Parent and ProHealthCare a written report (the "Accountants' IGP Report") setting forth the IGP Accountants' calculation of Incremental Gross Profit, no later than 60 days following their selection.

  • Purchaser covenants and agrees that during the Earn-Out Periods Purchaser will conduct its business in accordance with reasonable and prudent business practices and will not take any action for the specific purpose of decreasing Incremental Gross Profit or decreasing or eliminating the Earn-Out.

  • If Parent and ProHealthCare are unable to resolve such differences and agree as to Incremental Gross Profit prior to the expiration of such 30-day period (or longer period if so agreed) Incremental Gross Profit shall be determined pursuant to section 2.4(d)(ii).

  • Incremental Gross Profit is defined as the difference between the Adjusted GP of the Business (calculated by Buyer in accordance with EXHIBIT C) for the Earnout Period following the Closing Date and the greater of $1,725,000 or the Adjusted GP of the Business for the period ending on March 31, 1998.

  • Within one hundred five (105) days following the close of each Earn--Out Period, Purchaser shall prepare and deliver to Seller a statement (“Earn-Out Statement”) specifying the calculation of the Incremental Gross Profit (as defined below) during the applicable Earn-Out Period and indicating the amount of the Earn-out (if any), along with reasonable supporting financial data.