Performance Calculation Year definition
Performance Calculation Year means: (a) the period of 13 Reporting Periods starting on the Start Date (that day inclusive); and (b) each subsequent and non-overlapping period of 13 Reporting Periods during the Franchise Period commencing the day after the last day of the preceding Performance Calculation Year, provided that the last such period may be shorter than 13 Reporting Periods and shall end on the last day of the Franchise Period;
Examples of Performance Calculation Year in a sentence
As soon as reasonably practicable after the end of each Reporting Period and each Performance Calculation Year, the Secretary of State shall notify the Franchisee of the results of the calculations performed pursuant to this paragraph 2.