Salary Ratio definition
Salary Ratio means an amount expressed as a percentage equal to the increase or decrease, on an annual basis, of the Borrowers’ revenue in the most current 12 month period ending at the time of any change in compensation to an officer or senior manager is contemplated (such 12 month period referred to as the “Current Year”), as compared to the Borrowers’ revenue for the 12 month period immediately preceding the Current Year.
Examples of Salary Ratio in a sentence
Activities Salary Sport Salary Salary Ratio Operational Stipends Fall Winter 1 Winter 2 Spring Cross Country: Will be co-ed with a minimum of 2 coaches total (one head coach and one assistant).