Net Growth definition

Net Growth means an amount equal to Earn-Out MRR minus Baseline MRR.
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Examples of Net Growth in a sentence

  • The following definitions shall apply in determining eligibility for and calculating the amount of the Net Growth Bonus.

  • Insurer will calculate the Net Growth Bonus at the end of each Agreement term and issue the Net Growth Bonus payment within forty-five (45) days.

  • Payments made pursuant to Exhibit A(I) Commissions, Exhibit A(II) Net Growth Bonus and Exhibit A(III) New Business Bonus.

  • If a Group is lost during the year over which the Net Growth Bonus is measured, the reduction in the number of Qualifying Contracts attributable to that Group shall be capped at 2,000.

  • If two Producers merge their business at any point during the Agreement term, the Qualifying Contracts of each Producer will be combined at the beginning and the end of the Agreement term for calculating the Net Growth Bonus.

  • In accordance with the terms of this Section 1.10, the amount of Net Growth ARR shall be finally determined promptly following the expiration of the Earnout Period (such amount, the “Final Net Growth ARR”).

  • If the Company Holders’ Agent does not deliver an Objection Notice to Acquiror during the Response Period, then Acquiror’s calculation of the amounts set forth in the Earnout Statement shall be deemed conclusive and binding on Acquiror, the Company Holders and the Company Holders’ Agent, and the Net Growth ARR set forth in the Earnout Statement shall be deemed the Final Net Growth ARR for all purposes under this Agreement.

  • The determination by the independent accounting firm of the disputed Earnout, if any, shall be conclusive and binding on Acquiror, the Company Holders and the Company Holders’ Agent, and the independent accounting firm’s determination of the Net Growth ARR shall be deemed the Final Net Growth ARR for all purposes under this Agreement.

  • Using the Net Growth Bonus calculation in Formula 2, multiply the appropriate Per Contract Rate by the Ending # of Weighted Adjusted Qualifying Contracts to determine the Net Growth Bonus.

  • The Net Growth Bonus is paid annually using the weighted value of each product for the year-over-year growth of Group Subscribers with Insurer, to reward the Producer for their annual retention and growth of Group business with Insurer.