Examples of Target Cash Amount in a sentence
The Share Bonus and the Cash Bonus shall be determined based on Target Share Amount and the Target Cash Amount, respectively, in the manner set forth in Sections 3 and 4 hereof.
Remainco shall contribute to New News Corporation an amount of Cash Equivalents (the “Cash Contribution”) such that as of immediately prior to the Distribution New News Corporation and its consolidated Subsidiaries will have a Cash Equivalents balance of the Target Cash Amount.
The Committee further establishes the Participant’s Target Cash Amount at $__________ for the Performance Period.
Accordingly, if the Cash Amount is greater than the Target Cash Amount, the amount of such excess (a “Cash Surplus Amount”) shall be distributed by the Company to Sellers in accordance with each Seller’s Ownership Percentage, and if the Cash Amount is less than the Target Cash Amount, the Purchase Price will be decreased on a dollar-for-dollar basis by the amount of such deficit (a “Cash Shortfall Amount”).
If the Final Cash Balance is less than the Target Cash Amount, then Parent shall pay or cause to be paid an amount in cash equal to such absolute value of the difference to SpinCo by wire transfer of immediately available funds to an account or accounts designated in writing by SpinCo to Parent within five (5) Business Days after the date of delivery of the Final Cash Balance by Parent.