Examples of Relevant Financial Year in a sentence
If the Board is unable to agree on the annual budget submitted by the financial manager prior to the commencement of a particular Financial Year ("Relevant Financial Year"), the Company shall be operated in the Relevant Financial Year in accordance with the Budget for the Financial Year immediately preceding the Relevant Financial Year with an increase of 10% in all budgeted amounts.
Not later than October 1 of each year, Manager shall deliver to Company a proposed budget for the Business for the subsequent financial year of the Company (the "Relevant Financial Year"), in the same format as for the Brightpoint, Inc.
The incentive bonuses shall be payable if the Company earns Profit After Tax (as defined below) in respect of each of the Company's financial years ending 30th June 1998, 30th June 1999 and 30th June 2000 respectively (each, a "Relevant Financial Year").
The parties shall discuss such proposed budget in good faith; and if they are unable to reach agreement thereon by the following January 1, then the budget for the Relevant Financial Year shall be at Company's reasonable discretion ("Approved Budget").
Relevant Financial Year has the meaning given in clause 7.1(d)(iv).