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Lehman Formula definition

Lehman Formula means 5% of the first $1 million, plus 4% of the next $1 million, plus 3% of the next $1 million, plus 2% of the next $1 million, plus 1% of all amounts thereafter, in all events relating to the Total Price.
Lehman Formula which is: 5% ox xxx first $1,000,000 of Consideration, as defined below, and 4% of the next $1,000,000 of Consideration, and 3% of the next $1,000,000 of Consideration, and 2% of the next $1,000,000 of Consideration, and 1% of all Consideration which is in excess of $4,000,000. For the purposes set forth herein, "Consideration" shall mean the total value of all cash, securities, the repurchase or buy-out of any options or warrants, any agreements or other property and any other consideration, including, without limitation, any contingent, earned or other consideration, paid or payable, directly or indirectly, in connection with the foregoing acquisition.

Examples of Lehman Formula in a sentence

  • In connection with our merger and acquisition services, you agree that if during the period Kuhns Brothers is retained by you, a Transaction is consummated with a third party introduced by Kuhns Brothers or the Company enters into a definitive agreement with a third party introduced by Kuhns Brothers which at any time thereafter results in a Transaction ("Third Parties"), you will pay Kuhns Brothers a transaction fee equal to the Lehman Formula times the Consideration.

  • The Company agrees to pay to Consultant a fee based on the "Lehman Formula" for equity or dxxx xxnds received by the Company from third parties introduced to the Company by Consultant or pursuant to negotiated transactions in which Consultant provides any financial advisory services to the Company.

  • Consulxxxx xill be compensated based on the Lehman Formula for any xxxxxr, acquisitions or contracts that he may introduce to company.

  • All transaction exceeding $1,000,000 (1st closing) will be compensated based upon the Lehman Formula.

  • In the event of the Company consummates a business combination with any such Company presented by the Consultant (whether the Company is acquiring Company or the target Company or survives or does not survive a merger), the Company will pay to the Consultant a fee in accordance with the generally accepted industry standards (the Lehman Formula) or as may otherxxxx xe agreed upon between the Consultant and the Company in advance.

  • In the event the Company consummates a business combination with any such Company presented by the Consultant (whether the Company is the acquiring Company or the target Company or survives or does not survive a merger), the Company will pay to the Consultant a fee in accordance with generally accepted industry standards (the Lehman Formula) or as may otherwise be agreed upon between the Cxxxxxxant and the Company in advance.

  • In a merger, sale of assets or joint venture, the Transaction Fee shall be based on the Lehman Formula.

  • TLC agrees to pay to VCA at Closing in cash (or other like-kind compensation acceptable to VCA) an M&A Success Fee according to a Lehman Formula based on the value of the transaction as follows: 5% xx xxx first $1 million in value, 4% of the second $l million in value, 3% of the third $1 million in value, 2% of the fourth $1 million in value and 1% of all value thereafter.

  • It offers no response to the Board’s reasoning that the Lehman Formula is “largely ignored today,” and it does not contest that it provided no real-world examples of the costs incurred in private placement.

  • In the event of the Company consummates a business combination with any such Company presented by the Consultant (whether the Company is acquiring Company or the target Company or survives or does not survive a merger), the Company will pay to the Consultant a fee in accordance with the generally accepted industry standards (the Lehman Formula) or as may otherwise be agreed upon between thx Xxxxultant and the Company in advance.

Related to Lehman Formula

  • Payout Formula means as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 3.4 in order to determine the Actual Awards (if any) to be paid to Participants. The formula or matrix may differ from Participant to Participant.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Infant formula means a food that is intended for con- sumption by infants.

  • Number of Students Who Began the Program means the number of students who began a program who were scheduled to complete the program within 100% of the published program length within the reporting calendar year and excludes all students who cancelled during the cancellation period.

  • Number of Students Who Began Program means the number of students who began the program who are scheduled to complete the program within the reporting calendar year.

  • Motor-driven cycle means every motorcycle that has a gasoline engine that (i) displaces less than

  • Cannabis retailer means any licensed person or entity that purchases or otherwise obtains usable cannabis from cannabis cultivators and cannabis items from cannabis manufacturers or cannabis wholesalers, and sells these to consumers from a retail store, and may use a cannabis delivery service or a certified cannabis handler for the off-premises delivery of cannabis items and related supplies to consumers. A cannabis retailer shall also accept consumer purchases to be fulfilled from its retail store that are presented by a cannabis delivery service which will be delivered by the cannabis delivery service to that consumer.

  • Formula means the appropriate secondary road fund distribution formula or farm-to-market road fund distribution formula as defined in subrules 102.2(2) and 102.2(3).

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Matrix (1 2 8 9) means a substantially continuous phase that fills the space between particles, whiskers or fibres.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Tobacco retailer means any Person who Sells, offers for Sale, or does or offers to exchange for any form of consideration, tobacco, Tobacco Products, or Tobacco Paraphernalia. “Tobacco Retailing” shall mean the doing of any of these things. This definition is without regard to the quantity of Tobacco Products or Tobacco Paraphernalia sold, offered for Sale exchanged, or offered for exchange.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;

  • District Level Anti-Ragging Committee means the Committee, headed by the District Magistrate, constituted by the State Government, for the control and elimination of ragging in institutions within the jurisdiction of the district.

  • Eligibility and selection criteria means criteria for determining:

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Beer retailer means a business that:

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.