Net Bookings means the incremental amount of Annualized Cumulative Bookings added during the year.
Net Bookings means the amount of advertising orders, less ordinary and/or customary discounts, received on or before Closing by the Target, as defined, to be published in university and college membership directories during 1997 without excluding any down payments made by advertisers.
Net Bookings means, (a) the annual contract value (ACV) of Total New Bookings signed during the Performance Period, minus (b) the ACV of total Churn confirmed during the Performance Period. Total New Bookings includes the aggregate of recurring, non-recurring, technology services, and professional services bookings.
Examples of Net Bookings in a sentence
In the event that this Agreement is terminated during the Term or any Extension by (a) Customer for any reason other than pursuant to Clause 10.1 (i), (ii) or (iii) or 13.2 below or (b) Amadeus, pursuant to Clause 10.1 (i) or (ii) above, and Customer has created less than […***…] Net Bookings, Customer agrees to pay back to Amadeus, without the requirement for notice or demand, and within ten (10)days following the termination of this Agreement: […***…].
The Stockholders shall each personally guarantee that 88% of the 1997 Net Bookings of the Target as of Closing shall be collected between the period beginning January 1, 1997 and ending 12 months following the date of the Closing.
The Net Bookings are materially correct and complete and give effect to any requested cancellations received prior to the Closing by advertisers.
For the avoidance of doubt, Participant shall vest in the total number of Net Bookings PRSUs and Operating Income PRSUs earned for any Measurement Period completed prior to Termination Date.
Schedule 3(ae) represents the Net Bookings of the Target and also reflects the amounts paid as deposits by advertisers.
More Definitions of Net Bookings
Net Bookings means [***].
Net Bookings means, with respect to any applicable time period, (i) the number of segments of air travel booked under Northwest’s air carrier designation code during that time period, less (ii) the number of such segments of air travel cancelled during that time period.
Net Bookings means, (a) the annual contract value (ACV) of Total New Bookings signed during the Performance Period, minus (b) the ACV of total Churn confirmed during the Performance Period. Total New Bookings includes the aggregate of recurring, non-recurring, technology services, and professional services bookings. Adjustments If the occurrence of any unbudgeted or unanticipated item during the Performance Period would make fair and equitable measurement of the Company’s Net Bookings and/or Adjusted EBITDA for the Performance Period no longer practical, the Administrator will adjust and modify the performance goals set forth herein to preserve (but not enhance) the incentives contemplated by this Award Agreement. You hereby agree that any such adjustment or modification shall not be deemed to be an amendment to the Award Documents and shall not adversely affect your rights hereunder. For purpose of this paragraph, unbudgeted or unanticipated items shall include, but not be limited to, costs associated with natural disasters, storms or pandemics (including, without limitation, COVID-19), foreign exchange variations, changes in accounting principles, material litigation costs that could not have been reasonably anticipated in the ordinary course of business, costs of severance or other reductions in force, capital markets transactions, restructurings or recapitalizations, business combinations or consolidations, stock splits or reverse splits, extraordinary special stock dividends, rights offerings, spin-offs, or similar transactions.
Net Bookings for purposes of determining the Earn-Out Amount, shall mean sales to customers of products, maintenance and support and training in the ordinary course of business and within the Company's normal discount terms for which a valid purchase order has been received, the product has been delivered and for which customer acceptance has occurred such that the amount of the sale is due from the customer within the Company's ordinary payment terms.
Net Bookings means, with respect to the Company's Hosting and Outsourcing business unit, for any month (i) new minimum monthly recurring revenue booked during such month that pursuant to signed and accepted sales orders, minus (ii) minimum monthly recurring revenue under orders cancelled during such month and booked during a prior period and not then recognized as revenue, minus (iii) any reduction in monthly recurring revenue in connection with the loss of a customer during such month or a reduction in a customers minimum committed monthly revenue made during such month.
Net Bookings means gross xxxxxxxx less returns or net xxxxxxxx. Commission payment shall be due and paid on a monthly basis on or before the 15th day of each month based on the prior month's net bookings. Any adjustments, including overpayments or underpayments, shall be made at the end of the fiscal year. Net Bookings Commission Rate Total Commissions Total Compensation ---------------------------- ---------------- ----------------- ---------------------- Under $15 million .4% up to 60,000 $210,000 @ $15 million $15 million to $20 million .8% up to 100,000 $250,000 @ $20 million $20 million to $25 million 1% up to 150,000 $300,000 @ $25 million Over $25 million 2% up to 250,000 $400,000 @ $30 million GUARANTEED MINIMUM CASH FLOW: ----------------------------- To guarantee Xxxxxx an annualized minimum compensation of $225,000 and to ensure that he receives adequate cash flow during the early parts of a back loaded year, we offer Xxxxxx a $6,250 recoverable draw against commissions every month. If commissions are larger than this number, the accumulated recoverable draw is paid off first before any commissions are paid out. The purpose of the draw is to ensure that Xxxxxx never fall below an average monthly commission of $6,250. When Xxxxxx'x total actual earned commissions payments exceed a monthly average of $6,250, draw amounts in following months are reduced by the amount of the excess. Any cumulative draw left at the end of this fiscal year will be forgiven.
Net Bookings are all Bookings in a month less cancellations in such month. Passive and waitlisted bookings are not counted as Net Bookings.