US Operations definition

US Operations consists of the consolidated financial reports of Cityscape Financial Corp. and each of its subsidiaries incorporated in any state of the United States. In order for any Bonus to be awarded, such pre-tax profits for 1996 must meet a $16.9 million threshold, such pre-tax profits for 1997 must meet the 1996 pre-tax profits plus the percentage increase, if any, in the Consumer Price Index ("CPI") (as defined in Section 4(c) of the Agreement), and such pre-tax profits for 1998 must meet the 1997 pre-tax profits plus the percentage increase, if any, in the CPI. Any distributions from the Bonus Pool will be made within 90 days after the completion of the audit by the independent auditors of Cityscape Financial Corp. and its subsidiaries for the applicable year. Notwithstanding the foregoing, any extraordinary profit item earned in any of 1996, 1997 or 1998, as determined by the Company, will be deemed to be earned over three years, one-third in the year in which the extraordinary profit occurs and one-third in each of the two successive years. 2 The Bonus is payable annually in cash up to 200% of Employee's salary for the prior year; any excess (the "Excess"), if any, will be deferred and paid over three years with interest at the Citibank N.A. prime rate plus one percent per annum at one-third each year, payable each successive January thereafter. The Bonus Pool will be divided on the basis of the percentage of Employee's prior year salary to total prior year salaries of the Participants (as defined below) in the Bonus Pool. The "Participants" are Robe▇▇ ▇. ▇▇▇ta, Cher▇▇ ▇. ▇▇▇▇, ▇▇ev▇▇ ▇. ▇▇▇▇▇, ▇▇ic ▇. ▇▇▇▇▇▇▇▇▇, ▇▇na▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇ Tim ▇. ▇▇▇▇▇▇▇. ▇▇ any Participant's employment is terminated for any reason, the Company may designate a new participant or participants (each a "New Participant"). Any New Participant will thereafter share in the Bonus Pool, provided, however, that for purposes of dividing the Bonus Pool, the aggregate amount of salaries of any New Participants shall not be deemed to exceed the aggregate amount of salaries of any such terminated Participants. If the Company designates a New Participant within 120 days of the termination of a Participant's employment, such designation will be deemed to occur upon the termination of the Participant's employment. If, after 120 days of the termination of a Participant's employment, the Company has not designated a New Participant, any designation of a New Participant will be deemed to occur on th...
US Operations. As used in this definition, "control" means an equity ownership of at least fifty (50) percent.
US Operations means any retail operations by a third party authorized to use the "Toys "R" Us" brand name, or any other store name or trade name used by Customer or an Affiliate, whether in English or a different language.

Examples of US Operations in a sentence

  • IBM Confidential [The remainder of this page intentionally left blank] Amendment 001 to Outsourcing Agreement between IBM and MSL This document amends Attachment 4 to the Outsourcing Base Agreement between International Business Machines Corporation and Manufacturer's Services Western U.S. Operations, Inc.

  • If a dispute arises under this Section 2.7, then within three (3) business days after a written request by either party, Federal’s President and Crossbow’s President of U.S. Operations shall promptly confer to resolve the dispute.

  • Constellation Brands SMO, LLC Constellation Brands U.S. Operations, Inc.

  • V.P ---------------------------- ---------------------------- Title Title 2/9/99 2/10/99 ---------------------------- ---------------------------- Date Date Amendment 005 to Outsourcing Agreement Between IBM and MSL The purpose of this document is to amend the IBM/MSL Outsourcing Agreement between International Business Machines Corporation ("IBM") and Manufacture's Services Western U.S. Operations, Incorporated ("MSL"), dated May 5, 1998 ("Agreement").

  • Maryland 100% of all Equity Interests N/A Constellation Leasing, LLC New York 100% of all Equity Interests N/A Constellation Services LLC Delaware 100% of all Equity Interests N/A Constellation Brands U.S. Operations, Inc.


More Definitions of US Operations

US Operations the combined United States domestic operations of XFone USA, Inc. and its Subsidiaries and NTS Communications, Inc. and its Subsidiaries together with any Future Acquisitions.
US Operations has the meaning ascribed thereto in Section 1.14(a)(viii) of Schedule D;
US Operations means the research, development, manufacture, marketing, sale and distribution in the US of Tuzistra®, an extended release oral suspension branded as Tuzistra XR containing codeine polistirex and chlorpheniramine polistirex, pursuant to the authority granted by the FDA under NDA Approval No.207768, programmes CCP-07, CCP-08, CCP-05 and CCP-06, the rights to which are held by Tris Pharma Inc (or an Affiliate thereof) and Moxatag®, a once-daily tablet branded as Moxatag containing 775 mg of amoxicillin, pursuant to the authority granted by the FDA under NDA Approval No. 50-813 (amoxicillin extended-release tablets) by the Company whether directly or through a 3rd party manufacturer (Tris Pharma, Inc) or distributor (Vernalis Therapeutics, Inc);
US Operations means the operations of the Company’s Subsidiaries organized in the United States (as defined in Section 7701(a)(9) of the Code).
US Operations means the operations of HMH B.V.’s Subsidiaries organized in the United States (as defined in Section 7701(a)(9) of the Code).
US Operations means the Company's United States specialized mobile radio operations and related assets.
US Operations has the meaning ascribed to such term in SECTION 2.1.