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.
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For the avoidance of doubt "C" shall equal the Threshold Amount in respect of the Relevant Fiscal Year where no previous Dividends per Ordinary Share have been paid or made in such Relevant Fiscal Year.
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.
For the avoidance of doubt "C" shall equal the Threshold Amount in respect of the Relevant Fiscal Year where no previous Dividends per Ordinary Share have been paid or made in respect of such 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.
For the avoidance of doubt"C" shall equal the Threshold Amount in respect of the Relevant Fiscal Year where no previous Ordinary Cash Dividends per Ordinary Share have been paid or made in respect of such Relevant Fiscal Year.
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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.