Recurrent Consumer Spending Vesting Percentage definition

Recurrent Consumer Spending Vesting Percentage is a function of the Company’s Recurrent Consumer Spending and is determined by reference to the following tables. The first table measures the percentage change between Recurrent Consumer Spending for the fiscal year ended March 31, 2018 and the two-year average Recurrent Consumer Spending for the fiscal years ending March 31, 2019 and March 31, 2020, while the second table measures two-year average Recurrent Consumer Spending for the fiscal years ending March 31, 2019 and March 31, 2020 as a percentage of two-year average total net bookings for the fiscal years ending March 31, 2019 and March 31, 2020, and reflects a Relative Recurrent Consumer Spending Vesting Percentage. For the avoidance of doubt, the Recurrent Consumer Spending Vesting Percentage shall be equal to either the Absolute Recurrent Consumer Spending Vesting Percentage or the Relative Recurrent Consumer Spending Vesting Percentage, whichever is greater. Absolute Recurrent Consumer Spending Growth (during the relevant measurement period) Absolute Recurrent Consumer Spending Vesting Percentage Less than 3% 0% 3% 50% 6% 100% 9% or greater 200% In the event that the Absolute Recurrent Consumer Spending Growth is less than 3%, the Absolute Recurrent Consumer Spending Vesting Percentage shall be zero percent (0%). In the event that the Absolute Recurrent Consumer Spending Growth falls between any of the values listed in the table above, the Absolute Recurrent Consumer Spending Vesting Percentage shall be based on a straight line interpolation between such two values. Relative Recurrent Consumer Spending (as a percentage of two-year average total net bookings) Relative Recurrent Consumer Spending Vesting Percentage Less than 27.5% 0% 27.5% 50% 37.5% 100% 47.5% or greater 200% In the event that the Relative Recurrent Consumer Spending Growth is less than 27.5%, the Relative Recurrent Consumer Spending Vesting Percentage shall be zero percent (0%). In the event that the Relative Recurrent Consumer Spending Growth falls between any of the values listed in the table above, the Relative Recurrent Consumer Spending Vesting Percentage shall be based on a straight line interpolation between such two values.
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Examples of Recurrent Consumer Spending Vesting Percentage in a sentence

  • The Committee, when necessary to fulfill the purposes of this Memorandum, shall meet on the call of the Chair of the Committee as provided in Article 12 of the Agreement and Article VI of the Bylaws of the Authority (hereinafter referred to as the “Bylaws”).

  • Moreover, recent advances leveraging molecular genetics and patterned light illumination have now made it possible to target photoactivation and inhibition to single cells and to do so in worms as they behave freely.

  • We write Ep,q for the (p,q)th entry of the rth page, and dr : Ep,q →rEp+r,q−r+1 for the differential.

  • Such factors may include, but are not limited to, the age of the student, the distance of the commute and the impact it may have on the student’s education, personal safety issues, the student’s need for special instruction, the length of anticipated stay in the temporary shelter or other temporary location, likely area of future housing, school placement of siblings, and the time remaining in the school year.

  • Subject to Section C, on the Vesting Date, a number of Recurrent Consumer Spending Performance-Based Units shall become vested equal to the product of (x) the target number of Recurrent Consumer Spending Performance-Based Units in such vesting tranche multiplied by (y) the Recurrent Consumer Spending Vesting Percentage as of March 31, 2024, rounded down to the nearest whole Recurrent Consumer Spending Performance-Based Unit.

Related to Recurrent Consumer Spending Vesting Percentage

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).