Level of Payout Sample Clauses

The "Level of Payout" clause defines the amount or percentage of payment that will be made under specific circumstances outlined in the agreement. This clause typically specifies how much a party is entitled to receive, such as a fixed sum, a percentage of a contract value, or a variable amount based on performance or milestones achieved. By clearly establishing the payout terms, this clause ensures both parties understand their financial obligations and entitlements, reducing the risk of disputes over payment amounts.
Level of Payout. The Company agrees that it will create a profit sharing pool (the Pool) consisting of 7.5% of the Company's Quarterly Profits, as defined below, and to distribute the Pool within forty-five (45) days of the end of each fiscal quarter, in the manner described below. The fourth (4th) quarter payment will be distributed within fifteen (15) days following the date of the auditor's opinion of the Company's annual audited financial statements, which may include an adjustment for the correction of errors in prior quarters.
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Level of Payout. The Company agrees that it will create a profit sharing pool (the Pool) consisting of the following percentages of the Company's Quarterly Profits, as defined below, and to distribute the Pool within forty-five (45) days of the end of each fiscal quarter, in the manner described below. The fourth (4th) quarter payment will be distributed within fifteen (15) days following the date of public release of the Company's annual audited financial statements, which may include an adjustment for the correction of errors in prior quarters. a. Seven and one half percent (7.5%) of all Profits between $10 and $50 of Profit per Ton Shipped; b. Ten percent (10.0%) of all Profits above $50 of Profit per Ton Shipped.
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Level of Payout. For the purposes of this Article, the Company shall be defined as CF&I Steel, L.P. (d/b/a Rocky Mountain Steel Mills). The Compan▇ ▇▇▇ees that it will create a profit sharing pool (the Pool) consisting of five percent (5%) of the Company's Quarterly Profits, as defined below, and to distribute the Pool within thirty (30) days of the end of each fiscal quarter (sixty (60) days after the end of the fourth quarter), in the manner described below.
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Level of Payout. The Company agrees that it will create a Profit-Sharing Pool (the "Pool"). The Pool will be determined on a quarterly basis as follows: NuBar will pay into the Pool 4% of all Profits (as defined below) that amount to greater than 12% of NuBar sales revenue and less than 20% of NuBar sales revenue; NuBar will pay into the Pool 6% of all Profits (as defined below) that amount to greater than or equal to 20% of NuBar sales revenue.
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Level of Payout. The Company agrees that it will create a profit sharing pool (the "Pool") consisting of fifteen percent (15%) of the Company's Quarterly Pre-Tax Profits, as defined below, and to distribute the Pool within 45 days of the end of each fiscal quarter, in the manner described below.
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Related to Level of Payout

  • Reversal of Payments To the extent the Borrower makes a payment or payments to the Administrative Agent for the ratable benefit of the Lenders or the Administrative Agent receives any payment or proceeds of the collateral which payments or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or proceeds repaid, the Obligations or part thereof intended to be satisfied shall be revived and continued in full force and effect as if such payment or proceeds had not been received by the Administrative Agent.

  • ADJUSTEMENT/ APPROPRIATION OF PAYMENTS The Allottee authorized the Promoter to adjust/ appropriate all payments made by him/ her under any head(s) of dues against lawful outstanding of the Allottee against the [Apartment/Plot], if any, in his/ her name and the Allottee undertakes not to object/ demand/ direct the Promoter to adjust his payments in any manner.

  • Basis of Payment The basis of payment is identified in Attachment E, Fee Schedule. Reimbursement of costs incurred under a work authorization shall be in accordance with Attachment E, Fee Schedule.

  • Return of Payments (i) If Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related payment has been or will be received by Agent from a Borrower and such related payment is not received by Agent, then Agent will be entitled to recover such amount from such Lender on demand without setoff, counterclaim or deduction of any kind, together with interest accruing on a daily basis at the Federal Funds Rate. (ii) If Agent determines at any time that any amount received by Agent under this Agreement must be returned to any Borrower or paid to any other Person pursuant to any insolvency law or otherwise, then, notwithstanding any other term or condition of this Agreement or any other Financing Document, Agent will not be required to distribute any portion thereof to any Lender. In addition, each Lender will repay to Agent on demand any portion of such amount that Agent has distributed to such Lender, together with interest at such rate, if any, as Agent is required to pay to any Borrower or such other Person, without setoff, counterclaim or deduction of any kind.

  • Calculation of Payments The State shall use the fee schedule set forth in Attachment E to the contract (Fee Schedule) in determining the value of the work performed up to the time of termination. In the case of partially completed engineering services, eligible costs will be calculated as set forth in Attachment E, Fee Schedule. The sum of the provisional overhead percentage rate for payroll additives and for general and administrative overhead costs during the years in which work was performed shall be used to calculate partial payments. Any portion of the fixed fee not previously paid in the partial payments shall not be included in the final payment.