Reference Income definition

Reference Income means ninety percent (90%) of the pre-tax income of the Company and the Subsidiaries, calculated on a combined basis, generated solely from the Business and received directly from PRC mobile communications operators.

Reference Income means, with respect to any Reference Cohort, an amount equal to the product of (i) the total gross cash premium payments collected by Company, including via its affiliates, from Customers in such Reference Cohort and (ii) [***]%.

Reference Income has the meaning set forth in the Specified Commercial Terms. "Responsible Officer" of any Person means the chief executive officer, the president, any executive vice president, any senior vice president, any vice president, chief operating officer or any financial officer of such Person and any other individual or similar official thereof responsible for the administration of the obligations of such Person in respect of this Agreement, and, as to any document delivered on the Effective Date, shall include any secretary or assistant secretary or any other individual or similar official thereof with substantially equivalent responsibilities. Any document delivered hereunder that is signed by a Responsible Officer of Company shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of Company and such Responsible Officer shall be conclusively presumed to have acted on behalf of Company. "Growth Excess Spend" has the meaning set forth in Section 2.1(d)(i). "Growth Period" has the meaning set forth in the Specified Commercial Terms (each commencing on the first day of the relevant month and ending on the last day of such month). "Growth Spend" has the meaning set forth in the Specified Commercial Terms. "Growth Underspend" has the meaning set forth in Section 2.1(d)(ii). "Sale of Company" means any of the following: (a) any liquidation or winding up of Company, (b) a merger, consolidation or transfer of equity securities (pursuant to a single transaction or series of related transactions) of Company, with or to any independent third party, which, in any case, results in the equity holders of Company immediately prior to such transaction possessing less than a majority of the beneficial voting power or ownership interests of Company's or any successor entity's issued and outstanding equity securities immediately after such transaction or series of such transactions; or (c) a sale, lease or exclusive license, in a single transaction or series of related transactions, to an independent third party of all or substantially all

Examples of Reference Income in a sentence

• I thus endeavor to test this prediction by comparing the effect of Reference Income on Satisfaction in these three different environments.I distinguish three different economic contexts: Eastern Europe, Western Europe and the United States.

• This constitutes an ideal setting for capturing the role of the environment in the relation between Reference Income and subjective Well-Being.

• IDENTIFYING HIRSCHMAN’S EFFECTS The objective of the paper is to identify the channels from Reference Income to individual welfare.

• In a second stage, I plug this estimation, i.e. the predicted Reference Income, in the regression of Satisfaction, controlling for the usual socio-demographic variables.

• However, in the Russian survey (RLMS), the presence of such a variable allows verifying that the channel from Reference Income to Life Satisfaction does work via Expectations.

• In the first-stage regression of log Own Income, the coefficient of log Household Expenditure is 0.174*** [0.0104]; in the second-stage fixed-effects IV regression of life Satisfaction, the coefficient of log Own Income is 0.889*** [0.095] and that of log Reference Income 0.275*** [0.071].

• Empirically, the sign of ∂V/∂YB can be interpreted as a test of the relative importance of these two effects.In order to test the importance of jealousy versus ambition, the idea is simply to run a standard regression of individual satisfaction (UA) on the usual socio-demographic factors augmented with Reference Income YB together with individual income YA.

• In the first stage, I estimate the “Reference Income” of each individual in the sample, where Reference Income is interpreted in a professional sense, i.e. the typical income of people who share my productive characteristics.

• De facto, another specification of the econometric model consists in regressing Satisfaction on Reference Income and Residual Income (εit), the latter reflecting the effect of the strictly “personal” part of Own Income; a working paper version of this article shows that this specification leads to the same results (Senik, 2005b).

• In the first-stage estimation, I thus estimate an earnings equation of the form: Yit = a0 sexi + a1 educationit + a2 experienceit + a3 occupationit + a4 industryit + a5 regioni + a6 full- timeit + εit (2) And I construct Reference Income as the predicted Ŷit for each individual*year*country.

More Definitions of Reference Income

Reference Income means, with respect to any Reference Cohort, an amount equal to the product of (i) (x) for payments associated with Customers underwritten by Company, including its Affiliates, the total such gross cash payments (including premium) collected by Company and its Affiliates, and (y) for payments associated with Customers whose related insurance contracts are 'placed' by Company with a third party, the total such gross cash payments (including premium) paid by the Customer, including to the related third party as well as to Company and its Affiliates and (ii) the Gross Margin Percentage. "Tested Cohort" means (i) any Open Reference Cohort and (ii) the groups of Customers that would constitute Reference Cohorts for each of the twelve (12) monthly periods that occurred immediately prior to the Effective Date, if this Agreement were in effect and such periods were Growth Periods; provided, that any Tested Cohort shall cease to be a Tested Cohort on and after the date on which the cumulative Reference Income associated with such Tested Cohort exceeds the Actual Growth Spend for the related Growth Period or monthly period, as applicable, during which such Tested Cohort was originated. "Threshold Delta M+1" means, with respect to a Tested Cohort and any Growth Period starting with the second full Growth Period after the first date on which such Tested Cohort began to be originated, an amount (expressed as a percentage) equal to aggregate Reference Income across all associated members of such Tested Cohort for such Growth Period divided by the Actual Growth Spend for the Growth Period in which such Tested Cohort was originated. "Threshold M0" means, with respect to any Tested Cohort, an amount (expressed as a percentage) equal to the aggregate Reference Income across all associated members of such Tested

Reference Income means total income (the sum of all incomes of those 65 years olds or older in the household) of ¥5,200,000 (¥3,830,000 for an individual). This applies only when the household has a person 65 years old or older with a taxable income of

Reference Income has the meaning set forth in the Specified Commercial Terms.

Reference Income means, with respect to any Reference Cohort, an amount equal to the product of (i) (x) for payments associated with Customers underwritten by Company, including its Affiliates, the total such gross cash payments (including premium) collected by Company and its