Monthly Amount definition

Monthly Amount shall be an amount equal to one-twelfth of the sum of (a) the Executive’s then current annual base salary (excluding any incentive or bonus), and (b) the amount of any cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company.

Monthly Amount means an amount equal to

Monthly Amount means (a) $36,667 for the shorter of (i) the first 24 months of the Extension Period or (ii) the Employment Period if less than 24 months because the Company terminates Executive's employment for Cause or Executive terminates his employment without Good Reason; and (b) $20,000 for the remainder of the Extension Period.

Examples of Monthly Amount in a sentence

• If subsection (i) of the Conversion Criteria is met but subsection (ii) of the Conversion Criteria is not met as to the entire Monthly Amount, the Holder shall convert only such part of the Monthly Amount that meets subsection (ii) of the Conversion Criteria.

• If the Conversion Criteria are not met, the Holder shall convert only such part of the Monthly Amount that meets the Conversion Criteria.

• If a Repayment Notice is not delivered by the Holder on or before the applicable Notice Date for such Repayment Date, then the Borrower shall pay the Monthly Amount due on such Repayment Date in cash.

• Any part of the Monthly Amount due on a Repayment Date that the Holder has not converted into shares of Common Stock shall be paid by the Borrower in cash on such Repayment Date.

• In the event that Executive’s employment is terminated by the Company for Cause (and Executive was not capable of voluntarily terminating for Good Reason at or prior to such time) or if Executive voluntarily terminates without Good Reason, the Company shall remain obligated to pay the Non-Compete Monthly Amount but shall not be obligated to pay the balance of the Monthly Amount.

More Definitions of Monthly Amount

Monthly Amount means the following:

Monthly Amount has the meaning set forth in Section 2.1.

Monthly Amount shall be an amount equal to one-twelfth of the sum of (a) the Executive’s then current annual base salary (excluding any incentive or bonus), and (b) the amount of any cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company, provided that for purposes of this calculation only, the cash bonus shall be deemed to be (1) not less than 75% of the average cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company and the preceding two fiscal years, and (2) not greater than 125% of the average cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company and the preceding two fiscal years.

Monthly Amount means the balance at the end of the month in the Bank Account kept under clause 3.1 prior to any amount being deducted for Credit Card Merchant Fees; • Payments means money collected on behalf of an Agency by Our Community for services or products being sold or distributed by or on behalf of an Agency.

Monthly Amount in any of the Loan Documents shall mean the sum of the “Monthly Amount” payable under each of the promissory notes constituting the Notes, as amended by the Fourth Defeasance Amendments to Notes; and (b) “Principal Amount” in any of the Loan Documents shall mean the sum of the “Principal Amount” outstanding under each of the promissory notes constituting the Notes, as amended by the Fourth Defeasance Amendments to Notes.

Monthly Amount means an amount equal to the product

Monthly Amount means an amount equal to the product of the net receipts received by the department in the month attributable to the state gross receipts tax multiplied by a fraction, the numerator of which is one-eighth percent and the denominator of which is the tax rate imposed by Section 7-9-4 NMSA 1978 in effect on the last day of the previous month;