Reference Percentage definition

Reference Percentage means, for any Anniversary Date, a fraction (but -------------------- not greater than one) the numerator of which shall be the Weighted Revenue Percentage in the 12-month period ending on such Anniversary Date and the denominator of which shall be: for the 12-month period ended on the third Anniversary Date, 39%; for the 12-month period ended on the fourth Anniversary Date, 46%; and for the 12-month period ended on the fifth Anniversary Date, 56%.

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Reference Percentage means, with respect to the Reference Period described in clause (a) of the definition of Reference Period, 35%; and (b) with respect to the Reference Period described in clause (b) of the definition of Reference Period, 45%; and (c) with respect to the Reference Period described in clause (c) of the definition of Reference Period, 55%.

Reference Percentage means, as of the date of a registration under Article V of the Shareholders Agreement, the average of the percentages previously sold by each of the Founders and Contributors (including sales by their respective Groups), including sales effected by AP Professional Holdings, L.P. or any other entity on behalf of the Founders or Contributors and/or their respective Groups, of his combined AOG Units and Class A Shares (calculated on a fully-diluted basis and assuming all AOG Units have been exchanged for Class A Shares, disregarding any vesting requirements or restrictions on transfer and excluding from the number sold any Class A Shares a Founder or Contributor was able to sell in advance of his regular vesting schedule due to his employment termination by reason of death, disability or a Termination without Cause or for Good Reason). As applied to the Participant, the phrase “at least seventy-five (75) days prior to such Quarterly Exchange Date in which such Requesting Shareholder expects to request an Exchange to obtain the Registrable Securities to be sold in such registration” as it appears in Article V of the Shareholders Agreement shall instead be deemed to read “at least seventy-five (75) days prior to the registration in which such Requesting Shareholder expects to sell the Registrable Securities” In no event shall the rights of the Participant under the Shareholders Agreement be superior to the rights of a Contributor with respect to the Shareholders Agreement.

Examples of Reference Percentage in a sentence

Subject to the adjustments provided for in this Warrant, including Sections 3(b), and (c), for purposes of this Warrant, the “Aggregate Number” means, the number of Shares of Common Stock equal to the sum of (i) 0.50% (the “Reference Percentage”) of the Company’s issued and outstanding Common Stock as of the date of this Warrant divided by 0.995, plus (ii) the Reference Percentage of each Qualified Issuance (as hereinafter defined) divided by 0.995.
If in a given Contract Month the TUSD/TUST Reduction Percentage delivered by the Primary Supplier on the sale of the Billable Monthly Electricity is less than the TUSD/TUST Reduction Reference Percentage established in Annex I, Purchaser shall send a debit note to the Primary Supplier with its bank details for payment.
Subject to the adjustments provided for in this Warrant, including Sections 3(b), and (c), for purposes of this Warrant, the “Aggregate Number” means, the number of Shares of Common Stock equal to the sum of (i) 0.25% (the “Reference Percentage”) of the Company’s issued and outstanding Common Stock as of the date of this Warrant divided by 0.9975, plus (ii) the Reference Percentage of each Qualified Issuance (as hereinafter defined) divided by 0.9975.
Participant may not sell in a registration Option Shares in an amount greater than the product of (I) the Option Shares, and (II) the Reference Percentage.
The above "3.9% of Equity Value" (the "Reference Percentage") assumes that the Company is able to draw all Tranches under Facility A and Facility B of the Loan Agreement.

More Definitions of Reference Percentage

Reference Percentage means the percentage of Profit established by the Board as a contribution to the Plan for the Plan year. For the first year of the Plan, the Reference Percentage is 6%. 3. Administration of Plan - This Plan shall be administered by the Compensation and Nominating Committee of the Company's Board of Directors (the "Committee"). The Committee is authorized to interpret the terms and provisions of the Plan and to adopt such rules and regulations for the administration of the Plan as it may deem advisable. All interpretations and determinations by the Committee with respect to the Plan shall be final, binding and conclusive. Subject to the terms, provisions and conditions of the Plan, the Committee is hereby authorized to, among other things: (a) approve selection of employees to be assigned Incentive Points, (b) approve the individual objectives established for each participant, (c) approve the number of Incentive Points to be assigned to each Participant, (d) approve the Planned Incentive Pool amount at the beginning of each fiscal year, (e) approve the segmentation of the Incentive Pool into Parts, and (f) approve the amount of the payment to be made to participants under the Plan. The Company's auditors will verify the calculation of the Actual Incentive Pool following completion of the audit of the Company's financial statements for the relevant Plan Year. The Committee shall prescribe the form, which shall be consistent with this Plan, of the instruments, if any, evidencing the designation of a Participant's Incentive Points and the determination of Point Value.

Reference Percentage means, with respect to an Alabama Partner, a fraction (expressed as a percentage), (a) the numerator of which is equal to (i) the Alabama Partner Total Cash Amount with respect to such Alabama Partner, plus (ii) the Alabama Partner Closing Common Unit Amount with respect to such Alabama Partner, plus (iii) solely to the extent the Earnout Amount has been paid pursuant to Section 2.7(g), the aggregate amount actually received in respect of the Earnout Amount by such Alabama Partner (or, as applicable, the Applicable API Entity with respect to such Alabama Partner), and (b) the denominator of which is equal to (i) the aggregate Alabama Partner Total Cash Amount with respect to all Alabama Partners, plus (ii) the aggregate Alabama Partner Closing Common Unit Amount with respect to all Alabama Partners, plus (iii) solely to the extent the Earnout Amount has been paid pursuant to Section 2.7(g), the aggregate amount actually received in respect of the Earnout Amount by the Alabama Partners (or, as applicable, the Applicable API Entities with respect to all Alabama Partners). For the avoidance of doubt, the Alabama Closing Common Unit Amount and/or Earnout Amount, in each case with respect to any Alabama Partner shall be adjusted to reflect the pro rata accretion in respect of any withdrawn Alabama Partners in such Applicable API Entity prior to the date of determination.