Year Factor definition
Examples of Year Factor in a sentence
The intention of the Year Factor is to recognize that restaurant businesses are often valued based upon a multiple of cash flows.
The parties understand and acknowledge that such factors, examples and analyses are not exclusive and are incorporated to assist the Arbitrator in its determination of the type of factors to be used in establishing the Gross Percentage and the Year Factor.
STEP 5: The Arbitrator will multiply the Reduced Profit calculated in Step 4 by the Year Factor.
However, if the First Year Achieved Revenue is greater than or equal to the sum of Base Revenue plus the product that results from multiplying Base Revenue by .35, but less than the First Year Target Revenue, then the First Earnout Payment shall be calculated by multiplying the Maximum Earnout Payment for the First Year Period by the First Year Factor.
However, if the Second Year Achieved Revenue is greater than or equal to the sum of First Year Achieved Revenue plus the product that results from multiplying First Year Achieved Revenue by .20, but less than the Second Year Target Revenue, then the Second Earnout Payment shall calculated by multiplying the Maximum Earnout Payment for the Second Year Period by the Second Year Factor.
However, if the Third Year Achieved Revenue is greater than or equal to the sum of Second Year Achieved Revenue plus the product that results from multiplying Second Year Achieved Revenue by .15, but less than the Third Year Target Revenue, then the Third Earnout Payment shall calculated by multiplying the Maximum Earnout Payment for the Third Year Period by the Third Year Factor.
If the Third Year Factor is greater than one (1), the Third Subsequent Payment shall equal the Maximum Earnout Payment Per Year, plus any additional amounts as set forth in Section 1.6(b) above.
However, if the Third Year Achieved Revenue is greater than or equal to the sum of Second Year Achieved Revenue plus the product that results from multiplying Second Year Achieved Revenue by .15, but less than the Third Year Target Revenue, then the Third Earnout Payment shall be calculated by multiplying the Maximum Earnout Payment for the Third Year Period by the Third Year Factor.
Year Factor Class I Class II 2019 3 .........................................................................................................................
If the Second Year Factor is greater than one (1), the Second Subsequent Payment shall equal the Maximum Earnout Payment Per Year plus any additional amounts as set forth in Section 1.6(a) above.