Examples of Relevant Fiscal Year in a sentence
This dividend may in no case exceed 10% of net income, Group share for the Relevant Fiscal Year, nor the distributable income as defined in Article 55.
In each Relevant Fiscal Year thereafter, the Committee shall determine, subject to approval by the Board, the Threshold Goal with respect to each Relevant Fiscal Year.
Such reduced amount, when added to the carried forward or forfeited amount from previous fiscal years referred to in Section 5.5, if any, shall constitute the Incentive Fund for the Relevant Fiscal Year.
As soon as practicable following the preparation by the Corporation of an unaudited balance sheet and unaudited income statement for a Relevant Fiscal Year, the Committee shall create an Incentive Fund with respect to the Relevant Fiscal Year if, and only if, the Return on Equity for the Relevant Fiscal Year is equal to or exceeds the goal for such fiscal year (the "Threshold Goal") as specified herein in Section 5.2, unless the Board, in its sole discretion, waives the Threshold Goal for that fiscal year.
Such Excess Cash Flow shall be paid on or before the first day of the second fiscal quarter of the fiscal year following the Relevant Fiscal Year.
Except as set forth on Schedule 4.15, there are no Related Party Contracts in force and all such Related Party Contracts that were terminated after the Relevant Fiscal Year End were so terminated without any indemnity or other amount being payable by any Globant Subsidiary to the other contracting party in connection with such termination.
Since the Relevant Fiscal Year End, neither the Company nor any of the Globant Subsidiaries has incurred any Liabilities for Taxes other than in the ordinary course of business.
Equity" shall mean the total of capital stock, capital surplus and retained earnings as reflected in the Corporation's consolidated balance sheet for the Relevant Fiscal Year.
Since the Relevant Fiscal Year End, there has been no Material Adverse Change with respect to any Globant Subsidiary.
For each Relevant Fiscal Year after Fiscal Year 2003, if the Return on Equity for the Relevant Fiscal Year is less than the Threshold Goal for such fiscal year, then no Incentive Fund shall be created for the Relevant Fiscal Year, except as provided for in Section 5.4 hereof or unless the Board waives the Threshold Goal for that fiscal year pursuant to Section 5.1.